Banks in Armenia

There are multiple banks currently active in Armenia, with some local institutions and others operating as international branches. While a few mergers have newly occurred in the past few years, it does not appear as if other acquisitions are in store for now.

 

Armenian Development bank has merged with Araratbank; Areximbank-Gazprombank was acquired by Ardshinbank; Cascade Bank merged with Ameriabank, BTA Bank merged with ArmEconomBank; and ProCredit Bank was acquired just over a year ago by InecoBank.

The full list includes:

 

Armbusinessbank:

Opened in 1994 as the legal successor of the “Arminvestbank” operating since 1991 – SWIFT: ARMNAM22

Organisation Head: Arsen Mikaelyan

Address: Nalbandyan str. 48, Yerevan

Branch: 51

Contact: Phone: 592 010, 592 015 TELEX: 243-134 Fax: 54-58-35

E-mail: ibank@dolphin.am

 

ACBA-Credit Agricole Bank:

Opened in 1996 – SWIFT: AGCAAM22

Organisation Head: Hakob Andreasyan

Address: Arami str. building No 82-84, territory No 87,89,99,100, Yerevan

Branch: 58

Contact: Phone: 565 858, Fax: 54-34-85

E-mail: acba@acba.am

 

Araratbank:

Opened in 2004 – SWIFT: ARMCAM22

Organisation Head: Ashot Osipyan

Address: Pushkini str. 19, Yerevan

Branch: 60

Contact: Phone: 547 895 Fax: (37439) 07033

E-mail: araratbank@araratbank.am

 

Ameriabank:

Opened in 1910 as the Yerevan branch of the Caucasus Trade Bank and in 1992 became known as Ameriabank -SWIFT: ARMIAM22

Organisation Head: Artak Hanesyan

Address: Grigor Lusavorich str.9, Yerevan

Branch: 13

Contact: Phone: 58-99-06, 56-11-11, 56-43-19 Fax: 56-59-58

E-mail: info@bank.am

 

Ardshinbank:

Opened in 2003 -SWIFT: ASHBAM22

Organisation Head: Mher Grigoryan

Address: G.Lusavorchi 13, G.Lusavorchi 13/1, Yerevan

Branch: 64

Contact: Phone: 52-85-13 TELEX: 243-286 LALA AM Fax: 567486

E-mail: office@ashib.am

 

ArmEconomBank:

Opened in 1991 – SWIFT: ARECAM22

Organisation Head: S. Sukyasyan

Address: Amiryan str. 23/1, Yerevan

Branch: 49

Contact: Phone: 563 332, 510 910 TELEX: 684-243-274 Fax: 53-89-04, 53-05-06

E-mail: bank@aeb.am

 

ArmSwissBank:

Opened in 2004 – SWIFT: ARSJAM22

Organisation Head: George Machanyan

Address: Vazgen Sargsyan str.10 Yerevan

Branch: 1

Contact: Phone:(37410) 584 419, Fax: (37410) 540 675

E-mail: info@armswissbank.am

 

Artsakhbank:

Opened in 1996 – SWIFT: ARTSAM22

Organisation Head: Artak Balayan

Address: Charents str. 1b, Yerevan

Branch: 23

Contact: Phone: (+374 60) 747 769, 747 779 TELEX: (684) 243385 BANK AM Fax: (+374 60) 747 739

E-mail: info@artsakhbank.am

 

Anelik Bank:

Opened in 1990 – SWIFT: ANIKAM22

Organisation Head: Nerses Karamanukyan

Address: Vardanants str. 13, Yerevan

Branch: 14

Contact: Phone: 593 300, 593 301 TELEX: ANELSU Fax: 22-65-81

E-mail: anelik@anelik.am

 

Byblos Bank Armenia:

Opened in 2000 as the legal successor of the “International Trade Bank” operating since 1992 – SWIFT: AEIEUS33

Organisation Head: Hayk Stepanyan

Address: Amiryan str.18/3, Yerevan

Branch: 2

Contact: Phone: 53-03-62 Fax: 53-52-96

E-mail: infoarm@byblosbank.com

 

Converse Bank:

Opened in 1993 as “North Armenian Shareholding Bank” and incorporated into Converse Bank in 1997 – SWIFT: COVBAM22

Organisation Head: Arthur Hakobyan

Address: V. Sargisyan str. 26/1, Yerevan

Branch: 34

Contact: Phone: 511200, 511205, 511211 TELEX: 6462 28 49 CONV.RU Fax: 54 09 20 E-mail: post@conversebank.am

 

HSBC Bank Armenia:

Opened in 1996 as “Midland Armenia Bank” and incorporated into HSBC Bank Armenia in 1999 – SWIFT: MIDLAM22

Organisation Head: Paul Edgar

Address: Teryan str. 66,Yerevan

Branch: 9

Contact: Phone: (3741) 515000, 515000 TELEX: Fax: (3741)515001,

E-mail: hsbc.armenia@hsbc.com

 

InecoBank:

Opened in 1996 – SWIFT: INJSAM22

Organisation Head: Tigran Karapetyan

Address: Tumanyan str. 17, Yerevan

Branch: 22

Contact: Phone: 510 510 TELEX: Fax: (3741) 510 573

E-mail: inecobank@inecobank.am

 

Mellat Bank:

Opened in 1995 – SWIFT: BKMTAM22

Organisation Head: Seyedgholamreza Moussavi

Address: Tumanyan 5a, No 45, Yerevan

Branch: 1

Contact: Phone: 58-17-91, 58-15-23 TELEX: Fax: 54-08-85

E-mail: mellat@mellatbank.am

 

Prometey Bank:

Opened in 1990 – SWIFT: PRMLAM22

Organisation Head: Emil Soghomonyan

Address: Hanrapetutian str.44/2, Yerevan

Branch: 11

Contact: Phone: 56-20-36, 52-17-05, 58-29-77 Fax: (3741) 54-57-19

E-mail: info@prometeybank.am

 

Unibank:

Opened in 2001 – SWIFT: UNIJAM22

Organisation Head: Vardan Atayan

Address: Charents str. building12, No 1-5, No 53, Yerevan

Branch: 46

Contact: Phone: 592 259 TELEX: 243313 UNI AM Fax: 555 140

E-mail: unibank@unibank.am

 

VTB Armenia:

Opened in 1993 as the “ArmSavingsBank” and incorporated into VTB Armenia in 2006 – SWIFT: ARMJAM22

Organisation Head: Yuri Gusyev

Address: Nalbandyan str. 46, Yerevan

Branch: 66

Contact: Phone: (+37410) 513 749 Fax: (+37410) 56-55-78

E-mail: headoffice@vtb.am

 

There are also multiple development banks in Armenia, with the Asian Development Bank having its representative branch here since 2005, the Interstate Bank from 1994, the PanArmenian Bank operating since 2008, and the Rosselkhozbank, a special state agricultural bank from Russia, having opened its doors in 2012. While the former two banks are focused on regional development, the PanArmenian is centered on enterprise and has been transformed into an investment fund.

For more information on the banking system and news on the financial/economic status of Armenia, check the Central Bank of Armenia website, as well as ArmBanks.am.

This section is cited from RepatArmenia Foundation.