Industry Banking Website www.artsakhbank.com Founded 1996 | Products Financial Services Headquarters Yerevan, Armenia Number of employees 482 (2011) | |
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Key people Kamo S. Nersisyan, Chairman of the Board Total assets USD 145.2 mln (01.01.11) Type of business Closed Joint-Stock Company Total equity 24.7 million USD (01.01.11) | ||
Cheated armenian citizen s protest action in front of 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 Nagorno-Karabakh Republic (de jure part of Azerbaijan).
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Cheated armenian property owners storm the building of artsakhbank
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 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 January 1, 2011, the Bank has 6 branches in Yerevan and 11 branches in the unrecognized Nagorno-Karabakh Republic (de jure part of Azerbaijan). The Bank serves 43,704 customers, of which 41,467 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).