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List Of Banks In Armenia
Central bank *Central Bank of Armenia Commercial banks As of 31 December 2017, there are 17 commercial banks operating in Armenia. This includes: * Ameriabank opened in 1910 as the Yerevan branch of the Caucasus Trade Bank. * Armbusinessbank opened in 1994 as the legal successor of the "Arminvestbank" operating since 1991. * Byblos Bank Armenia opened in 2000 as the legal successor of the "International Trade Bank" operating since 1992. *Converse Bank, opened in 1993 as "North Armenian Shareholding Bank", incorporated into Converse Bank in 1997. * Evocabank opened in 1990 as Prometheus Bank, and renamed in 2001 as Prometey Bank. It was re-branded in 2017 as Evocabank. *HSBC Bank Armenia, opened in 1996 as "Midland Armenia Bank", incorporated into HSBC Bank Armenia in 1999. * VTB Armenia, opened in 1993 as the "ArmSavingsBank", incorporated into VTB Armenia in 2006. Rankings Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Armenia
The Central Bank of Armenia ( hy, Հայաստանի Կենտրոնական Բանկ, translit=Hayastani Kentronakan Bank) is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves. The CBA is also the sole owner of the Armenian Mint. The bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On July 3, 2012 the Central Bank of Armenia announced it would be making specific commitments to financial inclusion under the Maya Declaration. On September 28, 2012 at thGlobal Policy Forum 2012 the bank madan additional commitmentunder the Maya Declaration to encourage the roll out of private sector products that respond to the needs of the poor, with an emphasis on innovative channels like mobile and electronic money. And to als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evocabank
Evocabank is an Armenian commercial bank with headquarters in Yerevan. As of 17 January 2023, Mareta Gevorkyan owns 100% of the ordinary shares, as well as 100% of preferred shares issued in 2016, 99.9% of preferred shares issued in 2020 and 100% of preferred shares issued in 2022. Evocabank provides fast and innovative services through its mobile application EvocaTOUCH. History *''1990:'' The bank was founded as “Prometheus Commercial Bank". *''2000:'' Accessed the S.W.I.F.T. system. *''2005:'' Became a shareholder of "Armenian Card" CJSC, and a full member of "ArCa" payment system. *''2006:'' The bank was granted the status of an affiliated member of the "MasterCard Europe" system. The bank started issuing "Maestro", "MasterCard Standard", "MasterCard Gold", "MasterCard Business" banking cards. *''2008:'' The bank issued its own bonds which were privately placed. *''2017:'' The bank has been renamed to Evocabank, changing its strategy and business model, and moving to mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The breakdown of the 105 members by continents are as follows: 42 in Asia, 26 in Europe, 20 in Africa, 8 in Oceania, 8 in South America, and 1 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the bank was US Dollar, US$100 billion, equivalent to of the capital of the Asian Development Bank and about half that of the World Bank. The bank was pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Sea Trade And Development Bank
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution serving the eleven member founding countries of the Black Sea Economic Cooperation, a regional economic organization. It supports economic development and regional cooperation by providing loans, guarantees, and equity for development projects and trade transactions. BSTDB supports both public and private enterprises in member countries and does not attach political conditionality to its financing. Objectives of the bank include promoting regional trade links, cross country projects, foreign direct investment, supporting activities that contribute to sustainable development, with an emphasis on the generation of employment in the member countries, ensuring that each operation is economically and financially sound. The bank has an authorized capital of EUR 3.45 billion. BSTDB is governed by the Agreement Establishing the Black Sea Trade and Development Bank, a United Nations registered tre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Bank For Reconstruction And Development
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff. Following the reconstruction of Europe, the Bank's mandate expanded to advancing worldwide economic development and eradicating poverty. The IBRD provides commercial-grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure, education, domestic polic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurasian Development Bank
The Eurasian Development Bank (EDB) is an international financial institution investing in the development of the economies, trade and other economic ties, and integration in Eurasian countries. The EDB was founded in 2006 and is headquartered in Almaty, Kazakhstan. The Bank has a branch in St. Petersburg and representative offices in Nur-Sultan, Bishkek, Dushanbe, Yerevan, Minsk, and Moscow. History of the EDB The founding of the Eurasian Development Bank on 12 January 2006 was initiated by the Presidents of Russia and Kazakhstan. It began operating in June 2006. Armenia and Tajikistan joined the EDB in 2009, Belarus in 2010, and the Kyrgyz Republic in 2011. Other states and international organisations can become members by acceding to the Agreement Establishing the Bank. In January 2013, the Organisation for Economic Cooperation and Development recognised the EDB as a multilateral financial institution. Mission and strategy The EDB's mission is to promote market economies an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (EIB), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosselkhozbank
Russian Agricultural Bank (russian: Россельхозбанк) (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is providing lending support to Russian agribusiness. History Modern agribusiness production systems are capital intensive. A large portion of capital used in agribusiness is borrowed. The agrarian credit system in Russia goes back to 1882 when the first specialized banks –‘Peasant Land Bank’ and ‘Gentry Land Bank’ – were established. During the Soviet period, about 90% of all long-term loans were extended to agribusiness. Russian Agricultural Bank (RusAg) was set up on March 15, 2000 under the special Decree of the Acting President of the Russian Federation Vladimir Putin with the mission to be the conductor of the state credit and financial policy in the agribusiness sector, to facilitate a strong performance by clients, to invest in the core businesses and technology and to be the basis of the national credit and financial syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Converse Bank
Converse may refer to: Mathematics and logic * Converse (logic), the result of reversing the two parts of a definite or implicational statement ** Converse implication, the converse of a material implication ** Converse nonimplication, a logical connective which is the negation of the converse implication * Converse (semantics), pairs of words that refer to a relationship from opposite points of view * Converse accident, a logical fallacy that can occur in a statistical syllogism when an exception to a generalization is wrongly excluded * Converse relation or inverse relation, in mathematics the relation that occurs when switching the order of the elements in a binary relation Places in the United States * Converse, Blackford County, Indiana * Converse, Indiana * Converse, Louisiana * Converse, Missouri * Converse, South Carolina * Converse, Texas * Converse County, Wyoming * Converse Basin, a grove of giant sequoia trees located in the Sequoia National Forest in the Sierr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
