Areximbank - Gazprombank

"Areximbank - Gazprombank Group" CJSC has been established in 1998 to support the business and manage financial flows between Russia and Armenia. Since 2007 the shareholder of the Bank is one of the largest Russian banks - "Gazprombank" (Open Joint Stock Company), whose penetration into the Armenian financial market is conditioned by the increase of investments of Russian companies into the Armenian economy, the needs of large corporate clients in complex banking services, as well as the necessity in funding "Gazprom" projects in the country’s territory.

As a universal financial and credit organization, the Bank offers its clients a full range of banking products. Among the Bank's priorities of project financing are major corporate clients, primarily

strategic industries in the country, particularly the energy sector, lending to small and medium enterprises, production and servicing of plastic cards, e-banking, international money transfers both via payment systems and ATMs.

The Bank has successfully passed ISO 9001:2008 international standards certification. The Bank operates 16 branches, 7 of which are located in Yerevan and 9 – in the country’s regions.

Main Phases of "Areximbank-Gazprombank Group" CJSC's History


2011
The Central Bank of RA and “Areximbank-Gazprombank Group” CJSC signed an agreement for participation of the Bank in the World Bank lending program for small and medium-size business.  
German “Commerzbank” awarded “Areximbank-Gazprombank Group” CJSC with a diploma “For Excellent International Payments”.
Introduction of a system of money transfers between Russia and Armenia by the holders of MasterCard international cards of the Russian “Gazprombank” and “Areximbank - Gazprombank Group” CJSC via ATMs. 
The Bank has started the emission of plastic cards of ArCa local payment system.
The Bank cardholders were given the opportunity to get discounts at more than 120 service points across the country. The Bank has started providing policies of compulsory civil liability insurance of motor vehicles. 
The Bank has started accepting payments for Ucom services.  
The Bank held a second competition for granting single student scholarships to Armenian university students.
2010
The Bank adopted a new Bank Strategy for 2010 -2012.
The Bank developed and introduced a package of privileges for VIP-clients.
The Bank launched the issuance of discount cards of IAPA and Countdown international systems.
The RA Central Bank extended a subordinated credit to "Areximbank-Gazprombank Group" CJSC.
The Bank moved to electronic circulation of documents.
Switched to MIGOM money transfer system.
Started the servicing of long-term credit line opened by the Russian Gazprombank for ArmRusgazprom.   
Introduced an on-line service for acquisition of VISA and MasterCard international plastic cards.
Introduced a new system of personnel motivation and social privileges.
Celebrated the 10th anniversary of the Bank's first  - «Tigran Mets» branch.
The Bank was awarded a gold medal and a diploma in «Best stand» nomination at «EXPO-RUSSIA Armenia 2010» Russian-Armenian industrial exhibition.
The Bank organized a competition for a lump-sum scholarship among students of Armenian universities.
2009
AREXIMBANK CJSC was renamed to "Areximbank-Gazprombank Group" CJSC
The Equity capital of "Areximbank-Gazprombank Group" CJSC
increased by AMD 3 ,850 billion and totaled over AMD 12.3 billion.
The Bank became an agent for servicing the long-term line of credit granted to ARMRUSGAZPROM  CJSC by the Russian GAZPROMBANK OJSC.
Introduced a new Internet Banking service,
Launched the Telecard system,
Introduced Card-to-Card  instantaneous remittance system,
Relocated the old Tumanyan branch to more comfortable and up-to-date facilities,
Launched the Erebuni-Plaza office specialized in servicing VIP customers,
Opened new branches in Armavir, Artashat and Abovyan marz centers,
Launched the Charents  branch in Yerevan,
Participated in MoneyGram international payment-settlement system.
2008
Gazprombank open joint-stock company became the only shareholder of Areximbank.
Areximbank's capital was increased by AMD 6,000,002,502 (USD 20,000,000).
The Bank celebrated its 10th anniversary.
The Bank's processing center migrated to Gazprombank's processing center.
The Bank opened theKanaker branch,
Number of ATMs - 22,
Number of customers - 77,231.
2007
Gazprombank OJSC became Areximbank's shareholder,
The Bank obtained International Convention's award for service quality,
Opened  the Martuni branch,
Became the only card agent of AmericanExpress in Armenia.
Number of points of card servicing totaled 80,
Number of customers - 58478.

2006
The Bank opened the Vanadzor branch,
Launched the Artik branch,
Opened the Echmiadzin branch,
Opened the Hrazdan branch,
Started extending mortgage loans and loans for purchasing household appliances and office equipment,
Issued first Master and Maestro cards.
Number of points of card servicing totaled  42,
Number of ATMs - 12,
Number of customers - 38,227.

2005
The Bank became a full member of MaserCard International card system, and was certified with MasterCard International processing center,
Increased by 59  the number of points for servicing Bistraya Pochta transfer system,
Number of points of plastic card servicing - 34,
Number of ATMs - 10,
Number of customers - 23,808.

2004
The Bank's Shareholder capital increased by USD 4,800,000,
The Bank opened the Tumanyan  branch in Yerevan,
Obtained the Acquiring License from VISA International,
Installed first POS-terminals at trade outlets,
Established its own processing center,
Jointly with Impexbank implemented money transfers for individuals through Bistraya Pochta system,
Started the extension of car loans.
Number of customers totaled 20,902.

2003
Opened its own building.
Number of ATMs - 7,
Number of customers - 12,462.

2002
Opened the  first regional branch in Gyumri,
Opened the Kentronakan branch in Yerevan,
First in Armenia became a full member of Visa International,
Started the issuance of VISA cards,
Installed its first ATM in Yerevan.
Number of customers totaled 6,064.

2001
The Bank opened its first Tigran Mets branch in Yerevan.
Number of customers was 3,818.

2000
The Bank initiated money transfers for individuals in regions of Armenia,
Made an agreement with the Russian Impexbank on provision of Visa cards in Armenia.
Number of customers totaled 1,817.

1999
The Bank became a member of S.W.I.F.T.,
Was renamed to Areximbank CJSC,
Established correspondent relations with Russian, European and US banks.
Number of customers totaled 637.
1998
Establishment of the Rossiyski Credit-Armenia CJSC.
Shareholding capital - USD 1,100,000.
Number of customers - 230.