Unibank

"Unibank" CJSC was founded in October 2001. 

Initial authorized capital stock of the Bank is 2 799 million AMD. 
The shareholders of “Unibank” closed joint-stock company are “Ripatonso Holdings Limited” company (75.43%),  Gagik Zakaryan (12.285%) and George Piskov (12.285%). 
“Unibank” branch net counts 42 points of service, as well as the Bank’s representative office operates in Moscow (Russian Federation). 

Significant events 

2002 
The Bank introduced a system of remittances "UNISTREAM, the share of which now accounts for over half the market for remittances RA.  

2003  
Unibank became a member of the payment system "ArCa". 

2004  
“Unibank” received a membership in the international system Visa International. 

2005 
The Bank began to implement a large-scale mortgage lending and auto loans, taking in the banking system of Armenia, respectively, second and first place. 

2006  
The Bank became a member of the program IFAD and the Fund for the Development of Small and Medium Business SMEDNC.
According to the DEA analysis of Central Bank of Republic of Armenia “Unibank”  took the second place among the banks of RA as per comparative effectivness index. 

2007  
“Unibank”  increased authorized capital stock of the Bank up to 5 599 million AMD.  
The Bank implemented a program of risk management of the bank ABN AMRO. 

2008 
Unibank became a member of the Stock Exchange of RA. 
Unibank  increased authorized capital stock of the Bank up to 8 599 million AMD.  
Unibank installed Blade type server group, thus investing the best world-wide experiment on the modern technologies application. 

2009 
The Bank completed the connection of the branch network to the uinted database. 
At present the branches of the Bank are working online. 
Bank also opened VIP special hall for the biggest corporate clients service implementation. 

2010  
The international rating agency Moody's Investors Service has assigned to "Unibank" financial strength rating of E +, Ba3 long-term rating and short-term rating of NP on deposits in national and foreign currencies. All ratings have a “Stable” outlook, indicating Unibank’s stable position in Armenian banking market. 
Unibank increased its authorized capital stock up to 11,4 milliard AMD and get subordinate loan to the sum of 2 801 million AMD. 

2011  
“Unibank”, in cooperation with the Asian Development Bank launches the realization of trade financing program under which entrepreneurs are given letters of credit and banking guarantees. The purpose of the program is to increase international trade volume and further commerce sector development in Armenia. 

In November 2011 The international rating agency Moody's Investors Service has changed rating of  “Unibank": 
Financial strength rating  Е+ (stable) 
Short-term global scale local and foreign currency deposit rating NP 
Long -term global scale local and foreign currency deposit rating Ва3 (negative) 

According to ArmInfo's ranking the position of Unibank in the banking system of Armenia as per the results of 2011 is as follow: 

• Assets - 8th place; 
• Total capital -8th place
• Total credits - 7th place;
• Consumer loans- 5th place;
• Liabilities - 8th place,
• Term deposits - 1st place;
• Remittances - 1st place.

The bank is included in the list of 100 biggest taxpayers of RA.