AraratBank, expanding its international cooperation, has become a member of BAFT (Bankers Association for Finance and Trade). 

The bank reported that association members collaborate and exchange best practices for implementing new and existing solutions in the field, ensuring innovation, efficiency, and financial growth.

“Collaboration with members of the association that unites leading financial institutions from different countries around the world provides AraratBank with opportunities for international experience exchange, research, and innovative solutions. I am confident that AraratBank will effectively utilize the opportunities offered by this international partnership,” stated Mher Ananyan, Chief Executive Officer and Chairman of AraratBank.

“We are excited to welcome our third member bank in Armenia and look forward to seeing AraratBank actively engage and collaborate with other BAFT members across a variety of initiatives,” noted Tod Burwell, BAFT President & CEO.

The association includes more than 270 member institutions from over 60 countries located in the Americas, Asia, Africa, Middle East North Africa, and Europe.

“AraratBank, which has a wide range of international partners, by becoming a member of the Bankers Association for Finance and Trade, will continue to strengthen its position in the financial market while improving the quality of services offered to clients in the field of international operations,” the news release reads.

About BAFT Organization

BAFT, founded in 1921, is the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages in a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association website is www.baft.org. 

About AraratBank

ARARATBANK CJSC has been offering financial and banking services for about 35 years, providing a comprehensive package of banking solutions to individuals and legal entities. The bank's activities are focused on achieving leading positions in SME lending, trade finance, investment and digital banking through the use of best international and cutting-edge technologies. In 2024, AraratBank was honored with the “Best Investor Relations Bank in Armenia” award from the prestigious financial magazine “The Global Banking and Finance Review.”

The bank is regulated by the Central Bank of the Republic of Armenia.