Artsakhbank

Infobox Company
company_name = Artsakhbank
company_type = Closed Joint-Stock Company
company_
foundation = 1996
location_city = Stepanakert
location_country = flagicon|Nagorno-Karabakh NKR
key_people = Kamo S. Nersisyan, Chairman of the Board
area_served = Nagorno Karabakh and Armenia
industry = Banking
products = Financial Services
num_employees = 243
homepage = [http://www.artsakhbank.am artsakhbank.am]

Artsakhbank CJSC was established on 12 February, 1996 according to the resolution of the Bank’s Shareholders General Meeting. On 6 November, 1996 “Artsakhbank” CJSC was transformed into “Artsakhbank” OJSC according to the resolution of the Bank’s Shareholders General Meeting. On June 24, 2001 “Artsakhbank” OJSC was reorganized into Artsakhbank CJSC.

“Artsakhbank” CJSC had 141mln profit in 2001: the actives of the bank made 6073 mln ADM` which is twice more than the previous rate, occupying the second place among the Armenian banks. The credit investments are increased for 180,7% - 3457 mln drams. By the liquidity and profitability rate the bank occupies one of the first place in Armenian banking system. [http://www.armeniadiaspora.com/business/nk_business/index.html Armenian Diaspora]

The bank is the shareholder of “ArCa” CJSC and the full member of “ArCa” system, the member of Europay/Master Card international payment system, and the member of SWIFT system.

The main shareholders of the bank are:

Vardan Sirmakes 38.6%Hratch Kaprielyan 38.6% USA Kamo Nersisyan 10.1% Armenia Arden Selefyan 5.0% Switzerland [ [http://artsakhbank.am/arm/about.html Artsakh Bank ] ]

The bank serves 4257 clients: 3329 individuals and 928 legal entities. The bank has 253 employees. The bank has 14 branches: 10 - in the Nagorno-Karabakh Republic, 4 – in Yerevan.

As of 30 June 2007, the total capital of the bank totaled AMD 4 199 642 thousand; the assets made AMD 24 700 442 thousand; liabilities - AMD 20 500 800 thousand. [ [http://banks.am/eng/?sub=artsakh BANKS.AM:: Armenian banks, financial and bank news of Armenia ] ]

References

External links

* [http://www.artsakhbank.am Artsakhbank]