Announcement

Collapse
No announcement yet.

Armenian Araratbank Offers New Plastic Card

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenian Araratbank Offers New Plastic Card

    ARMENIAN ARARATBANK OFFERS NEW PLASTIC CARD

    ARKA
    March 25, 2009

    YEREVAN, March 25. /ARKA/. On the occasion of Motherhood and Beauty
    Day, on April 7, the Armenian Araratbank offers its client a new
    plastic card, NVER CARD (Present-card).

    The bank's press service reports that the new card affords an
    opportunity to type the recipient's name and any wishes to him or her.

    The card holder will be able to see the wishes during the one-year
    period the card will be in effect.

    No payments for the card, opening and administration of accounts are
    to be effected.

    The annual card service fee is 1,500 AMD.

    "The card is the best way of demonstrating the culture of giving
    presents not only on April 7, but also wedding presents, presents on
    other significant occasions, which has long been practiced worldwide,"
    the report says.

    The card has one more advantage - the holder can not only effect
    noncash transactions, but also receive cash from any ATMs in Armenia
    and in the Nagorno-Karabakh Republic (NKR).

    The new card can be received at both the Araratbank head office and
    all the 25 branches.

    Araratbank, legal successor of Armcommunicationsbank, was founded
    on February 2, 1991. On October 31, 1996, the bank received Banking
    License #4.

    Among the bank's stockholders is the European Bank for Reconstruction
    and Development (EBRD). The principal stockholder is the owner of the
    Flash Company Barseg h Beglaryan, who holds 74.1% of the Araratbank
    stock.

    As of December 31, 2008, the bank's assets amounted to 29.7bln AMD,
    liabilities 22.2bln AMD, total capital 7.5bln AMD, credit investments
    12.2bln AMD, liabilities to clients 16.4bln AMD and net profit
    594.2mln AMD.

    On January 30, 2009, Araratbank joined the NASDAQ OMX Armenia stock
    exchange.
Working...
X