YEREVAN, March 25. / ARKA /. The Austrian Raiffeisen Bank International AG has honored AraratbanK with STP Quality Award for ensuring high-quality remittances through SWIFT remittance system for the second year in a row.

Araratbank said in a press release the prestigious award STP Quality Award 2014 indicates that remittances of Araratbank comply with STP (Straight Through Processing) quality international standards. It also confirms high speed automated processing of remittances and their accessibility to the beneficiary in the shortest possible time.

The bank said its wide network of correspondent banks and the flexible rate policy offer its customers competitive terms and conditions for SWIFT remittances.

The bank's assets grew last year by almost 11% to 138.8 billion drams; its liabilities grew by almost 11% too to 117.1 billion drams; its capital grew by 10.85%. It earned also 2.9 billion drams in profit, a 4.45 drop from the previous year. ($1 – 472.45 drams). .-0-