InecoBank
InecoBank
Armenian bank
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]
This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information. (September 2022) |
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's Chief Executive Officer.[6]