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Inecobank CJSC
Company type
CJSC
Industry
Banking, financial services
Founded
February 7, 1996
Headquarters
Yerevan,
Armenia
Number of locations
26 branches (2017[1])
Key people
Hayk Voskanyan (CEO)
Avetis Baloyan (Founder)
Products
Credit cards Consumer banking Corporate banking Digital banking
Net income
7,024 mln AMD (2017) [1] 5,157 mln AMD 2016 [1]
Total assets
AMD 277,842 mln. (2017) [1]
AMD 236,196 mln. (2016) [1]
Total equity
AMD 48,243 mln. (2017) [1]
AMD 43,465 mln. (2016) [1]
Number of employees
950 (2017 [1])
Website
www.inecobank.am
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's Chief Executive Officer.[6]
^ ab"ENABLING A STELLAR 300% GROWTH IN ONLINE TRANSACTIONS". SFL Pro.com. Retrieved 21 January 2019.
^Inecobank - About Inecobank, retrieved 25 April 2018
^"agRIF acquires IFC and DEG shares in Inecobank Armenia". Incofin. 22 April 2018. Retrieved 21 January 2019.
^"LEGELATA ADVISES AGRIF COOPERATIEF U.A OF THE NETHERLANDS IN ACQUISITION OF STAKE IN INECOBANK CJSC". The Legal 500. June 2018. Retrieved 21 January 2019.
^"Inecobank has a new CEO". armenpress.am. Retrieved 2019-11-13.
INECOBANK is one of the leading South Caucasus banks, headquartered in Yerevan, Armenia. The bank offers a full range of banking services, including digital...
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Global Information
7,024 mln AMD (2017) [1]