ArmSwissBank
 | |
| Industry | Banking |
|---|---|
| Founded | 2005 |
| Headquarters | Yerevan, Armenia |
Key people | Gevorg Machanyan, CEO |
| Products |
Consumer Banking Private Banking Corporate Banking Investment Banking |
| Total assets |
 USD 98 million (31.12.10) |
Number of employees | 80 |
| Website | http://www.armswissbank.am/lang/en |
ArmSwissBank CJSC is a private and investment bank founded in Yerevan on February 2005 after receiving the banking licence N84 from the Central Bank of Armenia. Shortly after, the bank was also granted brokerage license (NBG 0064) and custody license (NPG 0065) to broaden its activities.
The bank cooperates with KfW and EBRD within the scope of renewable energy and corporate lending programs.
As a member of FCI (Factors Chain International), it has joined international payment systems such as Swift, CBANet and BankMail to ease transfers with correspondent banks : Commerzbank AG, UBS AG, Raiffeisen, UniCreditBank, etc.
On December 2010, ArmSwissBank was the sole underwritter for Artsakh HEK second IPO which fully raised USD 4.3 million in the Armenian Stock Exchange. For that same year, the bank won the title of the Best Exchange Member in Government Bonds Market by NASDAQ OMX Armenia.