ARARATBANK was established as a result of the reorganization of Haykap Bank, operating in the Armenian financial market since 1991. On September 2005 ARARATBANK was reorganized into a closed joint stock company and in August 2007 into an open joint stock company. ARARATBANK is a member of SWIFT international payment system. It executes fast international remittances through Money Gram, Ria Money Transfers, UNISTREAM, Intel Express, Converse Transfer, Moneytun systems.