ArmInfo. On June 19, 2025, AraratBank held its Annual General Meeting of Shareholders, which took place at Hartak Conference Hall of the DVIN hotel complex.
“In 2024, AraratBank consolidated its reputation as a reliable, competitive financial institution ensuring sustainable development in achieving its strategic priorities,” said Chairman of the Executive Board of AraratBank Mher Ananyan, in his summing-up of the results of the past year’s activity.
According to Grigor Hovhannissian, Chairman of the Board of Directors of AraratBank: "2024 was a year marked not only by continued growth and strong performance indicators but also by further strengthening of our relationships with partners and customers, as well as by enhanced care for our employees. To promote a high culture of responsibility and enhance transparency in our operations, the Bank has deepened its corporate governance practices within the Shareholder-Board-Executive framework. Considering the evolving needs of our clients, we expanded digital services throughout the past year and consistently embraced digital thinking. We believe that in 2024, we took another step toward justifying the trust placed in us."
Notwithstanding the challenges which could have a strong impact and implications for the RA banking system beyond 2022, the year 2024 was a year of uphill success for Araratbank, both in terms of new institutional partnerships and important accomplishments. Significant results have been achieved by the Bank in the expansion of international partnerships, implementation of various support programs, and growth of its financial indicators.
According to the 2024 yearend review, the Bank's assets amounted to AMD 419,489 million, with an increase of 4.0% or AMD 15,993 million compared to the previous year. In fact, the past ten years have shown an average annual growth rate of 11.7% in the Bank’s assets. The share of earning assets in total assets reached 85.8%.
The balance of loans to customers as of the end of the year amounted to AMD 218,114 million, showing an increase of 8.8% or AMD 17,574 million compared to the previous year. The loan portfolio made 52.0% of total assets against 49.7% of the previous year, which is attributed to high lending volumes. A growth in the volumes was seen in all loan types, with retail loans increasing by 16.1% and corporate loans - by 0.7%.
The Bank's liabilities amounted to AMD 349,659 million, increasing by 1.6% or AMD 5,466 million over the past year.
Term deposits reached AMD 147,093 million, increasing by 31.5% against 2023 and making up 42.1% of total liabilities. Over the past year, term deposits of individuals increased by 27.5%, and deposits of legal entities - by 53.9%.
As of the end of 2024, the Bank's equity amounted to AMD 69,830 million, showing an increase of 17.7% or AMD 10,526 million compared to the previous year. Dividends were paid during the accounting year. The change in the total capital is primarily attributed to the net profit of AMD 12,191 million resulting from the Bank’s activity during 2024. The Bank’s capital was also positively impacted by the change in securities revaluation reserves.
Due to the changes in the total capital in 2024, the book value per share amounted to AMD 37,276, rising by 17.7% against AMD 31,657 of the previous year.
In 2024, the Bank's net interest and similar income amounted to AMD 20,730 million, increasing by AMD 3,897 million or 23.2% against 2023.
In 2024, the Bank's net profit amounted to AMD 12.191 million, which is AMD 1,366 million or 12.6% higher than in 2023.
"The activities of AraratBank during 2024 aimed to ensure leading positions in SME lending, trade financing, investment and digital banking using best world solutions and technology," emphasized Mher Ananyan.
Presenting a video report on corporate social programs, in addition to financial indicators, at the Annual Shareholder Meeting has become a good tradition for AraratBank.
In 2024, more than a dozen projects were implemented in the fields of education, environmental protection, healthcare, and social entrepreneurship, in adherence to CSR principles and strategic thrusts and objectives of the Bank.
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