ARMECONOMBANK
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| Armeconombank.jpg | |
 | |
| OJSC | |
| ISIN | 🆔 |
| Industry | Banking, Financial services |
| Predecessor | About 60% of the share capital of the bank belongs to Sukiasyan family, being ultimate controller of the bank, and 40% is owned by minority shareholders, the number of which is about 6300. Chairman of the Board Saribek Sukiasyan[1][circular reference]։ |
| Founded 📆 | 1991[2]։ |
| Founder 👔 | |
| Headquarters 🏙️ | Armenia, Yerevan |
Area served 🗺️ | |
Key people | Artak Arakelyan (Acting Chairman of the Executive Board, Acting CEO) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
ARMECONOMBANK is an Armenian commercial bank. The full name of the bank is "Armenian Economy Development Joint Bank"" joint-stock company (CJSC).
History
ARMECONOMBANK OJSC (former Armenian Republican Bank of USSR “Zhilsotsbank”) to be reorganized into a joint-stock bank and registered with the Central Bank of Armenia on 26 August 1991 (license of banking activity number 1, registration certificate number 0156).[3]։ Among the most important issues of the strategy adopted by the Bank are strengthening of the positions in the market and attraction of new customers constantly focusing on the introduction of the latest digital technologies, the improvement of the quality of customer service, the expansion of the provision of new and modern banking services.
Participation in financial market
The bank is a member of World Company of International Financial Communications (S.W.I.F.T), member of MoneyGram, UniStream, Golden Money Transfer, Ria Money Transfer, IntelExpress, Moneytun payment systems, as well as an affiliate of MASTERCARD INTERNATIONAL payment system, full member of VISA INTERNATIONAL payment system, full member and shareholder of Armenian Card CJSC.
The bank is rated by international Fitch Ratings and Moody’s Investors Service rating agencies.
- On 22 February 2022 Fitch Ratings [4]: improved the rating outlook of the bank from Stable to Positive and reconfirmed the long-term foreign currency issuer default rating of B class (Long-term Foreign-Currency Issuer Rating (IDR)) [5]:
- On 1 February 2023 Moody’s Investors Service (Moody’s) improved the long-term B1 ratings of the bank with local currency and foreign currency bank deposits [6]:
Branch and service network
Armeconombank has a wide branch network[7] consisting of 54 branches (including the Head Office), of which 31 are located in Yerevan, 22 in the regions of Armenia, 1 in the Republic of Artsakh. Armeconombank OJSC is regulated by the CB.
References
- ↑ Saribek Sukiasyan
- ↑ Bank History
- ↑ Central Bank of Armenia «Banks»
- ↑ Fitch Revises 3 Armenian Banks' Outlooks to Positive; Affirms Ratings
- ↑ Fitch Ratings international rating company upgraded the rating outlook of Armeconombank
- ↑ Banks.am Moody’s rating agency reconfirmed the Ba3 sovereign rating of Armenia
- ↑ "Branch and service network". Archived from the original on 2023-06-27. Retrieved 2023-08-05.
External links
This article "Armeconombank" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Armeconombank. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
