Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Arega Hovsepyan is our candidate for Chair of the Committee on European IntegrationThe Final Round of the Junius Tournament Has BegunAwards Ceremony for the “Top 100 Students of Armenia” Competition: Presentation of CertificatesNew Samsung Galaxy A27 as Part of Ucom’s Special “Back to School 2026” OfferMillennials, Gen Z, or Gen Alpha: How Different Generations Prepare for the New School Year: Idram&IDBankFinancial Literacy at the Republican Center for Children and Youth Tent Camp: Idram & IDBankUnlocking the Secrets of the Financial World at ''Hayordi'' Camp with Idram&IDBankUcom Supports the Second Phase of ArmDrone’s FPV Drone Educational Program "The Power of One Dram" to "Orran" Charitable Non-Governmental OrganizationUcom and Microsoft Innovation Center’s Cybersecurity Education Program Concludes with a Mini CTF CompetitionCustomer Appreciation Day - This Time at IDBank’s “Erebuni” BranchResults of the Junius Tournament Announced: The Next Round AheadUcom Expands International Roaming Capabilities"Urgently Confirm Your Card Details": IDBank Warns of Hotel Booking ScamsMher Ananyan joins Unibank's Management Board Ucom Supports the Launch of "Remember the Animals" Educational Game Moody’s changes the outlook on IDBank’s ratings to positive IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch CampaignConverse Bank and Visa expand their strategic partnership to introduce new customer solutions Ucom and FPWC Ensure Round-the-Clock Wildlife Monitoring in Gnishik Through Solar Energy
All Timeline »
Society

AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal

AraratBank has joined the Spandaryan Canal reconstruction project – a matter of strategic importance for Syunik region - implemented under the 2025 "Homeland and Eternity" fundraising campaign of the Hayastan All-Armenian Fund.

AraratBank has donated AMD 8 million to the project, which aims to reconstruct the damaged segments of the canal and restore the 32-kilometer-long water network by 2027.

The Bank's donation will be allocated to reconstructing the damaged segments of the Spandaryan Canal, thereby restoring the irrigation system and ensuring access to water in a number of communities in the Syunik region.

"AraratBank has always been committed to supporting vital projects for our country—projects focused on preserving our heritage and essential resources to ensure we pass on an economically stronger and more secure homeland to the next generation. The canal reconstruction project is significant not only for Syunik, a region of strategic importance, but also for the balanced development of our country and the well-being of our fellow citizens living in communities across Armenia," said Mher Ananyan, Chairman of the Executive Board, Chief Executive Officer at AraratBank.

The reconstruction of the Spandaryan Canal is vitally important for the communities of Sarnakunq, Ishkhanasar, Tsghuk, Spandaryan, Angeghakot and Shaki. The project will directly benefit 730 families and will allow for efficient irrigation of 2,800 hectares of land.

AraratBank continues to support the further economic development of our country, shouldering social responsibility and caring for both for its customers and for the entire society.

AraratBank is regulated by the Central Bank of Armenia.