Artsakhbank
| Closed Joint-Stock Company | |
| Industry | Banking |
| Founded | 1996 |
| Headquarters | Yerevan, Armenia |
Key people | Kamo S. Nersisyan, Chairman of the Board |
| Products | Financial Services |
| Total assets |
 USD 145.2 mln (01.01.11) |
| Total equity |
USD 24.7 mln (01.01.11) |
Number of employees | 482 (2011) |
| Website |
www |
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).
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/Master Card 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).