YEREVAN, November 1. /ARКА/. Ashot Osipyan, Chairman of the Board of Araratbank OJSC, has resigned, the bank’s press service reported. It said Osipyan will be working for an international financial organization. Osipyan has been replaced by Deputy Board Chairman Karen Sargsyan.

Araratbank provides the latest and highest quality banking services to both individuals and legal entities by using the latest technologies. It has created a special business culture in the bank-client relationship.

Araratbank has 61 branches throughout the country. It is an active participant in the real sector of the Armenian economy, lending to small and medium-sized businesses. The bank cooperates with 14 international financial organizations. -0-