Artsakhbank


Artsakhbank is an Armenian bank with headquarters in Yerevan. As of January 1, 2011, the bank had 6 branches in Yerevan and 11 branches in the unrecognized Republic of Artsakh.

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.
The bank is a shareholder of Armenian Card and a full member of ArCa the Armenian national payment system, a member of Europay/MasterCard international payment system, and a member of SWIFT system.
Artsakhbank is a member of international money transfer systems, such as MoneyGram, Migom, Leader, Anelik. The Bank has correspondent relations with 25 banks, both local and foreign.

Operations

As of November 20, 2017, the Bank has 7 branches in Yerevan and 11 branches in the unrecognized Republic of Artsakh. 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, total assets - AMD 52 618,110 mln and liabilities - AMD 43 657,752 mln.