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Artsakhbank is an
The Bank serves 43,787 customers, of which 41,427 are individuals.
The Bank has 482 employees, as of January 1, 2011.
As of the same period, the Bank’s total equity came to AMD 8 960,358mln (USD 24.7mln), total assets - AMD 52 618,110 mln(USD 145.2mln) and liabilities - AMD 43 657,752 mln (USD 120.5mln).
Armenia
Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ' ...
n bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
with headquarters in Yerevan
Yerevan ( , , hy, Երևան , sometimes spelled Erevan) is the capital and largest city of Armenia and one of the world's oldest continuously inhabited cities. Situated along the Hrazdan River, Yerevan is the administrative, cultural, and i ...
. As of November 20, 2017, the Bank has 7 branches
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually r ...
in Yerevan
Yerevan ( , , hy, Երևան , sometimes spelled Erevan) is the capital and largest city of Armenia and one of the world's oldest continuously inhabited cities. Situated along the Hrazdan River, Yerevan is the administrative, cultural, and i ...
and 11 branches in the unrecognized Republic of Artsakh
Artsakh, officially the Republic of Artsakh () or the Nagorno-Karabakh Republic (),, is a breakaway state in the South Caucasus whose territory is internationally recognised as part of Azerbaijan. Artsakh controls a part of the former ...
(''de jure'' part of Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of t ...
).
History
The bank was established on February 12, 1996. On November 6, 1996 Artsakhbank, Closed joint-stock company was transformed into Artsakhbank, Open Joint-Stock Company, according to the resolution of the Bank’s Shareholders General Meeting. On June 24, 2001 Artsakhbank, OJSC, was reorganized back into Artsakhbank, Closed joint-stock company (CJSC). The bank is a shareholder of Armenian Card (ArCa) and a full member of ArCa the Armenian national payment system, a member of Europay/ MasterCard international payment system, and a member ofSWIFT
Swift or SWIFT most commonly refers to:
* SWIFT, an international organization facilitating transactions between banks
** SWIFT code
* Swift (programming language)
* Swift (bird), a family of birds
It may also refer to:
Organizations
* SWIFT, ...
system.
Artsakhbank is a member of international money transfer systems, such as MoneyGram
MoneyGram International, Inc. is an American cross-border P2P payments and money transfer company based in the United States with headquarters in Dallas, Texas. It has an operations center in St. Louis Park, Minnesota and regional and local of ...
, Migom, Leader, Anelik. The Bank has correspondent relations with 25 banks, both local and foreign.
Operations
The Bank serves 43,787 customers, of which 41,427 are individuals.
The Bank has 482 employees, as of January 1, 2011.
As of the same period, the Bank’s total equity came to AMD 8 960,358mln (USD 24.7mln), total assets - AMD 52 618,110 mln(USD 145.2mln) and liabilities - AMD 43 657,752 mln (USD 120.5mln).
See also
* Armenian dram *Artsakh dram
The Artsakh dram ( hy, Արցախյան դրամ) is a monetary unit of the '' de facto'' independent Republic of Artsakh. Although it is legal tender, it is not as widely used as the Armenian dram.
Coins
Two commemorative coins were issued i ...
*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 op ...
*Economy of Armenia
The Armenian economy contracted sharply in 2020, by 5.7%, mainly due to the 2020 Armenia-Azerbaijan war. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key ba ...
* Economy of the Republic of Artsakh
External links
*{{Official website Banks of Armenia Banks established in 1996