Artsakhbank
 | |
 Artsakhbank branch in Yerevan | |
| Type | Closed joint-stock company |
|---|---|
| Industry | Banking |
| Founded | 1996 |
| Headquarters | , |
Key people | Kamo S. Nersisyan, Chairman of the Board |
| Products | Financial services |
| Total assets |  $145.2 million (2011) |
| Total equity | $24.7 million (2011) |
Number of employees | 373 (2023) |
| Website | artsakhbank |
Artsakhbank is an Armenian bank with headquarters in Yerevan. As of 31 August 2023, the bank had seven branches in Yerevan.[1]
History
The bank was established on 12 February 1996. On 6 November 1996 Artsakhbank Closed Joint-Stock Company (CJSC) was transformed into Artsakhbank Open Joint-Stock Company, according to the resolution of the bank's shareholders general meeting. On 24 June 2001, Artsakhbank OJSC, was reorganized back into Artsakhbank CJSC.
The bank is a shareholder of Armenian Card (ArCa) and a full member of ArCa, the Armenian national payment system, as well as a member of the Europay/MasterCard international payment system and a member of the SWIFT system.
Artsakhbank is a member of several international money transfer systems, such as MoneyGram, Migom, Leader, and Anelik. The bank has correspondent relations with 25 banks, both local and foreign.[2]
Operations
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The bank serves 43,787 customers, of which 41,427 are individuals.
The bank had 373 employees as of 31 August 2023. At that time, the bank's total equity came to ֏8.960358 billion (US$24.7 million), with total assets of ֏52.61811 billion ($145.2 million) and liabilities of ֏43.657752 billion ($120.5 million).
The bank also operated 11 branches across what was once the Republic of Artsakh until the Azerbaijani seizure of Artsakh's territory in 2023.
See also
References
- ↑ "Artsakhbank". Banks.am. Retrieved 2024-04-10.
- ↑ Yellow Pages Entry (23 April 2026). "ARTSAKHBANK" Closed Joint-Stock Company (CJSC)". Retrieved 25 June 2026.
