Ararat-Dealing Multifunctional System To Be Launched In Araratbank O

ARARAT-DEALING MULTIFUNCTIONAL SYSTEM TO BE LAUNCHED IN ARARATBANK OF ARMENIA ON SEPTEMBER 22

ARKA
Sep 19, 2008

YEREVAN, September 19. /ARKA/. Ararat-Dealing multifunctional trade
and information system is to be launched in Araratbank of Armenia on
September 22. The bank’s press service reported that the up-to-date
system developed by the bank itself is easily controllable.

The system will allow all participants of the financial market,
regardless of their location and without loss of time, effecting any
transactions on purchase/sale of foreign currency at Araratbank’s
rates through computers or mobile phones, within balances of their
dollar or Dram accounts, says the report.

Ararat-Dealing system will offer its clients competitive rates and will
also give them an opportunity to get financial news. The bank’s clients
will also be able to work with other clients connected to the system.

Ararat-Dealing is software with high security level. Getting connected
and using the system is free till October 31, says the report.

Araratbank Open Joint Stock Company (assignee of "Armsvyaz" bank)
was founded on 02.09.1991. On October 31 1996 the bank was issued a
banking license N4.

The bank’s assets totaled 25.1bln Drams by the end of June 2008 with
its capital being 5.3bln Drams and profit totaling 346.6mln Drams in
the first half of this year.

According to ARKA Agency, the bank ranks the 14th in the bankin g
system of Armenia in terms of assets and aggregate deposits and is
the 15th in terms of total capital (10th – in terms of profit).

The presentation of demo-version of Ararat-Dealing system is
to be held in Novosti International Press Center on September
23. ($1=302.46Drams).

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