Byblos Bank Armenia

Last updated
Byblos Bank Armenia
Company type Closed joint-stock company (CJSC)
Industry Financial services
PredecessorInternational Trade Bank
Founded2007;17 years ago (2007) in Yerevan, Armenia
Headquarters
Yerevan
,
Armenia
Area served
Armenia
Key people
Hayk Stepanyan, CEO
ProductsBusiness banking, banking services
Parent Byblos Bank
Website byblosbankarmenia.am

Byblos Bank Armenia is an Armenian bank headquartered in Yerevan, offering banking services at four branches across the city. [1] [2] The Bank is a wholly owned subsidiary of the Lebanese Byblos Bank. [3] It is one of 18 banks in Armenia supervised by the Central Bank of Armenia. [4]

Contents

History

Founded in December 2007, Byblos Bank Armenia CJSC is the outcome of the acquisition of the International Trade Bank in Armenia by Byblos Bank S.A.L. [5] [6]

Byblos Bank Armenia began operations with one branch in early 2008, then went on to open three more in 2012, [7] [8] 2020 [9] and 2021. [10] [11]

In 2008, the European Bank for Reconstruction and Development (EBRD) and the OPEC Fund for International Development (OFID) bought 25% and 10% respectively of the shares of the bank. [12]

By the end of 2016, Byblos Bank S.A.L. had re-acquired all of EBRD and OFID's shares in Byblos Bank Armenia's charter capital (262,491 shares in total). [13]

Services

The core business activity of the Bank includes the attraction of deposits, customer account maintenance, consumer and corporate lending, cash and settlement transactions and operations with securities and foreign exchange. [14]

Registered Capital

The registered capital of the Bank makes up 26,249,100,000 Armenian drams. [15] The Bank's charter capital consists of 262,491 ordinary registered shares, each with a par value of 100,000 Armenian drams. [16]

See also

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References

  1. ↑ "Byblos Bank Armenia Closed Joint-Stock Company (CJSC)". SPYUR information system. Retrieved October 31, 2024.
  2. ↑ "Almanac of banks in Lebanon 2022" (PDF). Association des Banques du Liban. 2022.
  3. ↑ "IFC project information & data portal Byblos Arm REE". International Finance Corporation. January 24, 2012.
  4. ↑ "Registered banks in Armenia". Central Bank of Armenia . Retrieved October 31, 2024.
  5. ↑ "Բիբլոս Բանկ Արմենիա ՓԲԸ-ն ՆԱՍԴԱՔ ՕԷՄԷՔՍ Արմենիայի անդամ է դարձել" [Byblos Bank Armenia CJSC became a member of NASDAQ OMX Armenia] (in Armenian). PanArmenian. March 5, 2012.
  6. ↑ "Byblos Bank Armenia celebrates 15th anniversary". Armen Press. February 15, 2023.
  7. ↑ "Բիբլոս Բանկ Արմենիա Նոր մասնաճյուղ Կոմիտասում" [Byblos Bank Armenia - New branch in Komitas] (in Armenian). April 18, 2012.
  8. ↑ "Բիբլոս Բանկ Արմենիան բացել է երևանյան իր երկրորդ մասնաճյուղը" [Byblos Bank Armenia - opened its second branch in Yerevan] (in Armenian). PanArmenian. April 18, 2012.
  9. ↑ "Բիբլոս Բանկ Արմենիա-ն ընդլայնում է մասնաճյուղային ցանցը" [Byblos Bank Armenia is expanding its branch network] (in Armenian). Armen Press. September 26, 2020.
  10. ↑ "Անհատական մոտեցում՝ ամեն հաճախորդին. Բիբլոս Բանկ Արմենիա-ն նոր մասնաճյուղ է բացել" [Individual approach to every client. Byblos Bank Armenia - has opened a new branch] (in Armenian). Banks am. September 23, 2021.
  11. ↑ "Business Pro Package: The ultimate all-in-one solution from Byblos Bank Armenia". Business 24. October 21, 2024.
  12. ↑ "Byblos Bank Armenia committed to improve the quality of its services". ArmBanks. January 26, 2011.
  13. ↑ "Byblos Bank Armenia – FINARM".
  14. ↑ "Member profile - Byblos bank Armenia". American Chamber of Commerce in Armenia. September 24, 2010.
  15. ↑ "KPMG: Armenian Banking Sector Overview" (PDF). KPMG. November 2020.
  16. ↑ "CDA - Registered Securities Database" (PDF). Central Depository of Armenia. September 28, 2022.
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