This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information.(September 2022) |
Company type | CJSC |
---|---|
Industry | Banking, financial services |
Founded | February 7, 1996 |
Headquarters | Yerevan, |
Number of locations | 26 branches (2017 [1] ) |
Key people | Hayk Voskanyan (CEO) Avetis Baloyan (Founder) |
Products | Credit cards Consumer banking Corporate banking Digital banking |
7,024 mln AMD (2017) [1] 5,157 mln AMD 2016 [1] | |
Total assets | |
Total equity | |
Number of employees | 950 (2017 [1] ) |
Website | www |
INECOBANK is one of the leading South Caucasus banks, headquartered in Yerevan, Armenia. The bank offers a full range of banking services, including digital banking services to individuals, SME and corporate clients. [2] The bank was founded on February 7, 1996 licensed by CBA General banking license No. 85). [3]
Starting from 1998, the bank has been cooperating with over 30 international financial organizations, and has established nostro-correspondent relations with a number of leading international banks.
The bank has two major shareholders - Avetis Baloyan (30% of shares) and Karen Safaryan (25.92% of shares). In 2015, European Bank of Reconstruction and Development became a shareholder of Inecobank, acquiring 22.7% of shares and in 2018 agRIF cooperatief became a shareholder acquiring 10% of shares from IFC and DEG in a private transaction. [4] [5] [2]
In October 2019, Inecobank appointed Hayk Voskanyan as the company Chief Executive Officer. [6]
The history of Inecobank dates back to 1996, when two Armenian businessmen Avetis Baloyan and Karen Safaryan along with other Armenian partners founded the bank․ The total capital of the bank as of FY 2018 is more than USD 100mln. [7]
The bank has delivered a number of industry leading digital banking solutions[ buzzword ], some which are presented below:
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