1991 Bank was established as shareholding bank “Arminvestbank”
1991 Banking license was granted by the Central Bank of RA (license #40)
1994 In accordance with the Constituent Agreement “Arminvestbank” CJSC became the successor of the shareholding bank “Arminvestbank”
1994 Bank became a member of the Yerevan Stock Exchange
1995 Bank joint the Banks Union of Armenia
1998 Bank obtained status of dealer in the state bonds market of RA
1998 Associated to the Bankmail electronic payment system
1991 Banking license was granted by the Central Bank of RA (license #40)
1994 In accordance with the Constituent Agreement “Arminvestbank” CJSC became the successor of the shareholding bank “Arminvestbank”
1994 Bank became a member of the Yerevan Stock Exchange
1995 Bank joint the Banks Union of Armenia
1998 Bank obtained status of dealer in the state bonds market of RA
1998 Associated to the Bankmail electronic payment system
2000 Bank joined the international payment system Western Union
2004 Bank became shareholder of the “Arminkasatsia”
2006 “Ukrprombank” Ltd., Insurance Company “ALPHA-GARANT” ALC and Christie Management Company became the new shareholders of Bank
2006 Bank joined SWIFT system
2006 Bank became emitting and maintaining member of CJSC “ArCa”
2006 Bank was renamed “Armbusinessbank” CJSC
2006 Commencement of “KENTRON” branch office
2006 The Bank affiliated to ANELIK
2007 Acquired the status of an associate member to MasterCard payment system
2007 Agreements on lending association were concluded with the respective agencies for the German-Armenian Fund “The Stable Market Development for Housing Loans” program (KFW), the World Bank “The Economic Development of Rural Areas” program, Artsakh Investment Fund “Assistance to Small and Medium Size Entrepreneurial Business” program and the AUA “The Development of Trpanjyan Rural Communities” program
2007 The unparalleled in the local banking market exchange machines were launched
2007 Commencement of “Vanadzor”, “Talin” branch offices, “Malatia”, “Gyumri”, “Nork-Marash”, “Stepanakert” and “Kajaran” branch offices
2007 Reinforcement up to 2,6 bln drams of authorized capital of “ARMBUSINESSBANK” CJSC by the decision of the General meeting of shareholders
2008 Commencement of “Martuni”, “Hadrut”, “Martakert”, “Askeran”, “Armavir”, “Khorenatsi”, “Nor-Nork”, “Kievyan” and “Shengavit” branch offices
2004 Bank became shareholder of the “Arminkasatsia”
2006 “Ukrprombank” Ltd., Insurance Company “ALPHA-GARANT” ALC and Christie Management Company became the new shareholders of Bank
2006 Bank joined SWIFT system
2006 Bank became emitting and maintaining member of CJSC “ArCa”
2006 Bank was renamed “Armbusinessbank” CJSC
2006 Commencement of “KENTRON” branch office
2006 The Bank affiliated to ANELIK
2007 Acquired the status of an associate member to MasterCard payment system
2007 Agreements on lending association were concluded with the respective agencies for the German-Armenian Fund “The Stable Market Development for Housing Loans” program (KFW), the World Bank “The Economic Development of Rural Areas” program, Artsakh Investment Fund “Assistance to Small and Medium Size Entrepreneurial Business” program and the AUA “The Development of Trpanjyan Rural Communities” program
2007 The unparalleled in the local banking market exchange machines were launched
2007 Commencement of “Vanadzor”, “Talin” branch offices, “Malatia”, “Gyumri”, “Nork-Marash”, “Stepanakert” and “Kajaran” branch offices
2007 Reinforcement up to 2,6 bln drams of authorized capital of “ARMBUSINESSBANK” CJSC by the decision of the General meeting of shareholders
2008 Commencement of “Martuni”, “Hadrut”, “Martakert”, “Askeran”, “Armavir”, “Khorenatsi”, “Nor-Nork”, “Kievyan” and “Shengavit” branch offices
2008 Bank commenced cooperating with E-dram payment system,
2008 Bank established correspondent relationship with RAIFFEISENBANK AUSTRIA ZAO bank,
2008 “Khorenatsi”, “Nor-Nork”, “Shengavit” and “Kievyan” branches, which were registered in December 2007 commenced operation, and “Martuni”, “Hadrut”, “Martakert”, “Askeran” and “Armavir” branches opened,
2008 Towards the end of 2008 the Bank proceeded to the introduction of ISO 9001:2008 International Standards for Quality Management.
2008 Reconstruction of the monument to Sayat-Nova2009 Commencement of “Artsakh”, “Erebuni”, “Noragavit”, “Ararat” and “Ani” branch offices
2009 By the decision of the General Shareholders' meeting, Bank's authorized capital was increased in K' 8.450.000 Armenian drams,
2009 Bank shiftes Head office business to a newly-erected building at 48 Nalbandyan Street equipped with every necessary facility to provide a comprehensive range of banking service and affording for customer high-level servicing,
2009 The Bank started issuing smart cards of MasterCard payment systems, as well as plastic cards of Visa International. 2009 Had been signed loan agreements on cooperation with the German Foundation "program of economic adjustment lending", "National Mortgage Company" UCO CJSC NKR: "Riral and wood-economic support fund" and "Fides Mortgage Company".
2009 Lease financing was started.
2009 Bank began the process of transfer system "Migom".
2009 Large-scale arrangments were implemented to ensure for the introduction of ISO 9001:2008 International Standards for Quality Management.
2009 By the decision of the General Shareholders' meeting, Bank's authorized capital was increased in K' 8.450.000 Armenian drams,
2009 Bank shiftes Head office business to a newly-erected building at 48 Nalbandyan Street equipped with every necessary facility to provide a comprehensive range of banking service and affording for customer high-level servicing,
2009 The Bank started issuing smart cards of MasterCard payment systems, as well as plastic cards of Visa International. 2009 Had been signed loan agreements on cooperation with the German Foundation "program of economic adjustment lending", "National Mortgage Company" UCO CJSC NKR: "Riral and wood-economic support fund" and "Fides Mortgage Company".
2009 Lease financing was started.
2009 Bank began the process of transfer system "Migom".
2009 Large-scale arrangments were implemented to ensure for the introduction of ISO 9001:2008 International Standards for Quality Management.
2010 Bank switches to Cloud technology for business process maintenance,
Association lending agreements are concluded with a number of companies within the framework of German-Armenian Fund “Renewable Energy Development” program funded by KFW, International Fund for Agricultural Development “The Economic Development of Rural Areas” project, the World Bank “Access to funds for SMEs”program, State “Accessible Housing to Young families” target program, as well as the Bank entered into cooperation lending agreement with the Eurasian Development Bank,
2010 Bank enters into cooperation agreements with a number of insurance companies, such as RESO, NAIRI INSURANCE, INGO-ARMENIA, GARANT-LIMENCE and ROSGOSSTRAKH-ARMENIA insurance companies,
2010 Certification International (UK) Limited issues ISO 9001:2008 quality management certificate to the Head office and branch network of “ARMBUSINESSBANK” CJSC,
2010 Bank establishes correspondent relations with Latvian NORVIK BANKA (nostro account),
2010 Bank branch network increases by 3 branch-offices: "Khachen", "Vardenis" and "Nor-Hachn",
2010 Bank includes INTEREXPRESS money transfer system in its international transfers,
2010 Bank introduces INTERNET-BANKING system,
2010 Bank website is radically redesigned.
2011 Bank started issuing ArCa Pension cards,"
2011 LADY" and "LADY GOLD" cards were designed and issued specially for women.
2011 The bank started selling AMERICAN EXPRESS travelers checks
2011 The bank started selling "Habib Bank" Limited bank checks in UAE dirhams
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