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Economics

AraratBank Wins Mastercard's Excellence in SME Banking Services Award

AraratBank has once again been highly recognized by the Mastercard payment system, receiving the Excellence in SME Banking Performance award. The awards ceremony was held during a special event on January 17.

The award was granted for the development of card transactions in the small and medium business sector. Throughout the long-standing partnership between AraratBank and Mastercard, the Bank has also received the Dynamic Growth in Wallet Payments award.

AraratBank is one of Armenia's leading financial institutions, providing services to both individuals and legal entities. With a network of 50 branches throughout the Republic of Armenia and over 1,000 employees, the Bank maintains a strong presence nationwide. The Bank collaborates with numerous prestigious international financial institutions. The Bank has implemented best-in-class international banking technologies and corporate governance practices. The Bank's major shareholders are Flash LLC, Barsegh Beglaryan, and Sanasar Beglaryan.