26.06.2015 20:22
YEREVAN, June 26. / ARKA /. Araratbank is planning to open the first in Armenia so-called ‘financial supermarket,’ its board chairman Ashot Osipyan said Friday when addressing the bank’s annual meeting.
According to investopedia.com, financial supermarket is an institution or company that offers a wide range of financial services under one roof. Financial supermarkets provide services which typically include banking, stock brokerage and insurance, and occasionally real-estate brokerage. The basic rationale behind the financial supermarket concept is to generate more fees per client and foster customer loyalty.
Osipyan said Araratbank’s financial supermarkets will offer its customers all the product and
services available in the local financial market.
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