by Erik Abrahamyan
In corporate strategy for 2014 Araratbank gives special priority to the activities of businesswomen.
The press service of Araratbank reports that from Apr 15 till July 15 2014 the bank will provide soft loans to businesswomen (maximum 100mln AMD at 12% for 5 years).
The loans will be given to individual businesswomen, to companies where 50% and more is owned by women and companies where 60% of employees are women.
According to ArmInfo's Financial Rating of Banks of Armenia, as of Jan 1 2014 Araratbank's SME lending portfolio made up 27.7bln AMD or 33% of all loans.
The majority shareholders of Araratbank are Flash, one of Armenia's biggest oil trader (69.24%), EBRD (25%+1), Rural Impulse Fund II (part of Incofin Investment Management, 5%).