Ararat Bank Support Project

Europe and Central Asia - Armenia

Client: EBRD

In 2009, this CAD $750 000 project aimed to strengthen the capacity of corporate governance of Armenia’s Ararat Bank and to align Internal Audit practices with international standards and best practices. This project also reinforced the organizational structure, business development process; risk management and internal systems and processes. Training affected all banking staff including Executive Board, credit department, risk department, HR and marketing department as well. A study tour was also organised with the National Bank of Canada.


Related Projects

Central Bank of Congo Capacity Building Project (CBP)

This 11-year, CAD 4.4 million project (2008-2019) aimed at contributing to the development of the Congolese economy by providing support to the human resources of the Central Bank of Congo. […]

Ararat Bank Support Project

In 2009, this CAD $750 000 project aimed to strengthen the capacity of corporate governance of Armenia’s Ararat Bank and to align Internal Audit practices with international standards and best […]

Banking Regulations and Supervision Support

The Banking Regulations and Supervision Support Project was a five-year, CAD 19 million initiative undertaken with the financial support of Global Affairs Canada. Working in collaboration with the Banking Supervision […]



Interested in shaping the future with CowaterSogema?
Learn More