HSBC Bank

The Bank was established as a closed joint stock company under the name Midland Armenia Bank J.S.C. on 1996 and has been renamed into HSBC Bank Armenia cjsc on 1999. The bank is a joint venture between the HSBC Group, which has a 70% ownership, and members of overseas Armenian businesses with 30% ownership. It is one of the leading banks in the foreign exchange market.

HSBC Bank Armenia cjsc offers a wide range of products and services to individual as well as corporate customers in Armenia and abroad.

The bank is the member of SWIFT and Bankmail payment systems.

Ameriabank

Ameriabank CJSC  is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions.  We carve out paths for improvement of your business and lifestyle, via both traditional and alternative, hyper-advanced banking technologies. 

An individual approach to each client, innovation, and high professionalism and experience attained by joint efforts of the united team are the underlying basis of our activity.
This is evidenced by the whole history of the Bank. Today, being the most rapidly growing Bank in the Armenian market and a financial institution offering the most advanced banking solutions, Ameriabank, at the same time, is one of the oldest banks operating in Armenia.

INECOBANK

INECOBANK CJSC was registered on February 7, 1996 (bank license N 68 issued by the Central Bank of Armenia). 

INECOBANK CJSC renders universal bank services both for physical entities and corporate customers the number of which as of March 31, 2012 amounted to accordingly 170 164 and 6292. 

Our managers and employees are followed by the understanding of social responsibility towards society and willingness to contribute to the process of poverty reduction in our country. It is proved by the fact that the Bank shows active participation in multiple target projects of small and medium as well as micro enterprises lending offered by international banks and organizations thus contributing to the development of economy and establishment of new employment opportunities. Besides, in the upcoming years the Bank plans to expand the volume of funds allocated in this field in total loan portfolio.

ARMECONOMBANK

2011

For the first time in Armenia EBRD lengthened its participation (25%+1 share) for a maximum possible period (another 3 years) in ARMECONOMBANK’s Chartered Capital. Issuing Bank Agreement for Trade Finance was signed between ARMECONOMBANK OJSC and Asian Development Bank under which the bank joined the Trade Finance Program of Asian Development Bank. The second USD5mln Loan Agreement for SME lending was signed between ARMECONOMBANK OJSC and Black Sea Trade and Development Bank. A loan Agreement of USD6mln (the equivalent of USD6mln in local currency) was signed between ARMECONOMBANK OJSC and EBRD for on-lending to small and medium-sized businesses. Became a member of VISA international payment system. Joined IntelExpress payment system.

VTB Bank

VTB is implementing a strategy of efficient growth and business structure improvement aimed at steady growth of the Group’s capitalization and sustainable financial performance. The Group’s success had an effect on the 2010 profit, which amounted to unprecedented RUB 54.8 billion under IFRS. VTB increased its net fee income by half, while cutting its operational expenses. Asset growth and capital efficiency were strengthened due toTransCreditBank consolidation.

VTB is implementing a strategy of efficient growth and business structure improvement aimed at steady growth of the Group’s capitalization and sustainable financial performance. The Group’s success had an effect on the 2010 profit, which amounted to unprecedented RUB 54.8 billion under . VTB increased its net fee income by half, while cutting its operational expenses. Asset growth and capital efficiency were strengthened due to.

Armenian Development Bank

"Armenian Development Bank" OJSC is among the first commercial banks in the Republic of Armenia founded according to founding agreement signed on 14 September, 1990 however the bank actually started its activity in the fall 1991. Till November 1995 The Bank operated under the name of "Reconstruction and Development Bank". According to the license provided by RA Central Bank, the Bank is entitled and renders a wide variety of contemporary banking services, different types of property and resident and non-resident legal and physical persons representing different branches. Legal status of the Bank is Open Joint Stock Company (OJSC), authorized capital and emission income is 4,556,662 thousand AMD. The state doesn't have a share in the structure of capital.     

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