HSBC bank was founded in 1996 under the name “Midland Armenia Bank” JSC. In 1999 it was renamed to «HSBC Bank Armenia”. 70% of shares belong to the group HSBC, and the owners of the remaining 30% of investors are independent of Armenian descent.
The Bank provides various services to individuals and legal entities on the territory of Armenia, as well as outside it.
The Bank is a member of the SWIFT payment systems and BANKMAIL.
According to the April 30, 2010. Bank serves 36,541 individuals and 4,919 corporate clients and has 366 employees.
The bank’s assets as of April 30 this year, up 129 671 850 drams.
The Bank has seven branches in Yerevan (lose 66, Komitas 3, Vazgen Sarkisian 9, 31a Tigran Mets, Nersisyan 1, Bagratunyats 14, Guy 19/10).
Acting Chief Executive Officer Irina Seylanyan
Address 0009, Yerevan, Teryan 66
Phone (10) 51 50 00
Fax (10) 51 50 01
E-mail hsbc.armenia @ hsbc.com
Closed Joint-Stock Company “Artsakhbank” was founded in 1996 by the Central Bank and the Savings Bank of Nagorno Karabakh. The Bank provides financial services both in Armenia and throughout the territory of Nagorno-Karabakh.
The Bank is aktsianerom CJSC “Armenian Card” and an affiliate member of the national payment system ArCa, the international payment system MasterCard International, as well as international money transfer system SWIFT.
As of 1 iyuna 2010, the bank serves 31,269 individuals and 1,529 corporate clients, has 463 employees.
The bank’s assets were 49 714 646 thousand dram.
The Bank has 17 branches, 11 of which are located on the territory of Nagorno Karabakh, and 6 in Yerevan.
Chairman of the Board Kamo Nersisyan
Address Armenia, Yerevan 0028, Kievyan St., 3. 375,000 NKR, Stepanakert
Phone (10) 27 77 19 27 77 29 (374 47) 94 34 12
Fax (10) 27 77 49 (37447) 943412
Ararat was created as a result of the reorganization Armsvyazbanka working in the Armenian financial market since 1991. In September 2005, Ararat has been transformed into a closed joint stock company. Since August 2007, the bank operates as a public corporation.The Bank is a partner of the Ministry of Finance and Economy to manage domestic public debt.
Ararat is a member of the international payment system SWIFT and local payment system ArCa. By the number of cards issued Ararat ranks fourth among Armenian banks. In 2007, Ararat became an affiliate member of MasterCard.Ararat offers international money transfers through such systems as ManeyGram, Anelik, Migom, BTF-UNION (BTF-Union), Blizko, Express Mail (Express Mail), Xpress Money, Avers, Golden Crown, Contact and others. In 2007 the Bank signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for the sum of $ 6 million. The program is aimed at financing small and medium businesses and facilitate trade. Since October 2006, Ararat participated in the program KFW «Sustainable development of the mortgage market.” In 2007, Ararat has signed an agreement with the Swiss Izmirlian Fund “co-financing of business enterprises in the territory of Armenia. Since January 2009, the bank is a member of the NASDAQ OMX Armenia. The Bank has 29 branches in Yerevan and the regions of Armenia.
Ameriabank was established in 1910 as a branch of the Caucasian commercial bank, which in the years of Soviet power was transformed into the Armenian branch of Vnesheconombank the USSR. In July 1992, was established by Joint-Stock Company Armenian Export-Import Bank, on 8 September of that year obtained a license from the CBA to conduct banking activities.
In April 1995 the majority of shares in the bank acquired a foreign investor – the company Computron Industries Establishment. In August 2007, the basic package of bank shares (96%) was acquired by T.D.A. Xoldings Limited, affiliated with the leading and largest investment company in Russia – the Troika Dialog Group. During 2007, 2008., Gradually increasing the bank’s authorized capital, the main shareholder, the company Tee Dee Hey Xoldings Limited, has brought its stake in the bank to 99.9968563%. The Bank is a member of international payment systems MasterCard and Visa, the national payment system ArSa “agent international money transfer systems, Contact, Money Gram, Leader, Inter Express, Migom.
Ameriabank (RA) is a rapidly growing bank, which over the past two years just broke into the top ten. In the fourth quarter of 2009 the bank held:
- 1 st place on equity
- 4 th in total capital
- 6-ranked by total assets
- 4 th place in customer deposits
- 7 th place on the net loan
- 4 th place on the net profit
JSC VTB Bank Armenia-service commercial bank, a subsidiary bank VTB as part of the first international financial group of Russian origin – VTB Group. On July 25, 2007 100% shareholder of VTB Bank Armenia is VTB Bank.
VTB Bank Armenia owns and operates the largest and most extensive network of bank branches in the Republic of Armenia, acting in all areas and significant cities. The system operated 68 bank branches (24 – in Yerevan, 44 – in the regions of the Republic of Armenia), which serves about 280 thousand customers are 58 ATMs and approximately 200 terminals, and the number of cardholders of the Bank approached the 58,000 mark.
The Bank is a member of the Union of Armenian banks, payment card systems, Visa International, ArCa, International Financial Telecommunication System, SWIFT, a shareholder of JSC “Armincassation.
Commercial Bank of Prometheus was founded in 1990.92.25% of shares belong to JSC Zakneftegazstroy Prometheus “sphere of activity is the construction of oil and gas pipelines in Russia. The remaining 7.75% owned by a Russian citizen Gevorgyan Vazgen Simonevichu.
In April 2010, the international rating agency Moody’s affirmed the bank’s “B1″ to attract long-term deposits in Armenian drams and foreign currency, as well as «E +» financial strength rating (BFSR) with STA Outlook.
The Bank is a shareholder of «Armenian Card» and a full member payment system ArSa, affillirovannym member payment system MasterCard, a member of SWIFT, the international system of remittances Western Union, «Anelik«, MIGOM, MoneyGram.
ProCredit Group consists of 21 banks, whose activities are focused on providing banking services in developing countries with economies in transition in Eastern Europe, Latin America and Africa. The parent company of ProCredit group is a joint-stock company of ProCredit Holding, headquartered in Frankfurt / Main, Germany. ProCredit Holding was founded in 1998 under the name Internationale Micro Investitionen AG (IMI) consultancy company IPC. The shareholders of ProCredit Holding, which represent the public sector are included KfW (German Development Bank), International Finance Corporation (one of the organizations, the World Bank Group, which invests in the private sector), FMO (Dutch Development Bank), BIO (Belgian Investment Company for Developing countries) and PROPARCO (a French company for investment and promote economic cooperation).
ProCredit Bank Armenia began operations in February 2008. The main activity of the bank is providing loans and other banking services to small and medium-sized businesses. The Bank has 9 branches which employ 253 staff.
Executive Director, Bertolt – Herzfeld
Address – Armenia, Yerevan, 0009, str. Terian 105 / 1, room 11, a business center, “The Citadel”, 7 th Floor
Phone – (10) 51 48 60
Fax – (10) 51 48 53
E-mail – firstname.lastname@example.org
Website – http://www.procreditbank.am
Full name of company Ardshininvestbank – a Closed Joint Stock Company Industrial Construction Investment Bank.The Bank was founded in 2003. The founders of the bank are JSC “Rasko-Armenia” and “Business Investment Centre.”
Ardshininvestbank is a member of the Association of Armenian banks, the Armenian-Georgian Business Cooperation Association, the payment system “ArCa”, OJSC «NASDAQ OMX Armenia«, the Company’s participants in the mortgage market, an affiliate member of the international payment system MasterCard / Europay, a full member of the international payment system VISA International, shareholder of SWIFT, the system card operations in the territory of the Republic of Armenia CJSC “Armenian Card”.
The Bank is an agent in the government and long-term bonds.
Chairman of the Board of Nurses Karamanukyan
Address 0015, Yerevan, str. Grigor Lusavorchi 13 (head office)
Phone (10) 54 04 04
Fax (10) 56 74 86
Credit Agricole consultant consulting office of French bank Credit Agricole Bank jointly with the Dutch Rabobank-th and the German company DG-Agroprogress successfully implemented a three phase program of banking institutions.
- In the first phase of the program (1993-1994) studies were carried out on funding opportunities for agriculture in Armenia, which was recommended to establish an agricultural bank in accordance with the model of European cooperative banks.
- During the period from September 1994 to December 1995, the structural formation of ACBA Bank, whose main achievement is the creation of 60 rural unions of mutual aid.
- And finally March 29, 1996 the Central Bank of Armenia issued a license to engage in banking activities.
Long-term and mutually beneficial cooperation between the ACBA Bank and the French banking group Credit Agricole led to the fact that September 15, 2006 banking group Credit Agricole has become the largest shareholder of ACBA Bank. Rekonstrurirovan Bank was in Closed Joint Stock Company and renamed Acba Credit Acrikole Bank.
The Bank provides a wide range of banking operations, which includes opening and maintaining bank accounts, money transfers, issuance of check books, foreign currency exchange, as well as issuing various types of loans, issuance and maintenance of international cards VISA, MasterCard and local cards ArCa.