About Bank / General Inforamtion /
ARMECONOMBANK OJSC is one of the largest and leading banks in the Republic of Armenia, playing an outstanding role in developing Armenian Bank system. Being a universal-type financial and credit Institution it offers its customers a comprehensive package of bank services. ARMECONOMBANK OJSC the former Armenian Republican Bank "Zhilsotsbank" of USSR was the first among state-owned banks of Armenia to be reorganized into a joint stock bank and to be registered in the Central Bank of Armenia August 26, 1991, Registration No.1.
Since March 31, 2010 the bank has been a member of Securities accounting system. For information of "Securities accounting system" you can visit the web site of NASDAQ OMX Armenian Company.
Today ARMECONOMBANK OJSC has a wide branch network, consisting of 39 branches 19 in Yerevan, 19 in the regions and 1 in NKR.
The bank services a wide range of customers. The number of the banks active customers as of 31.03.2012 totals to 100.8 thous. corporate entities and Individuals, with majority of them located in Yerevan.
As at 31.03.2012 the Bank has 1421 shareholders 20 non resident shareholders 37.4. The major shareholder is the European Bank for Reconstruction and Development 25.
The number of Bank employees as of 31.03.2012 is 952.