Last update - 17.08.2012

Year of Establishment: 1996.

License of the CBA: N68 issued on 17 February 1996.

Number of employees: 501 as of 31.03.2012.

Branches: in Yerevan - 7, Gyumri - 1, Vanadzor - 2, Armavir - 1, Hrazdan - 1, Abovyan - 1, Ashtarak - 1.

The Bank has also 1 representation in Charentsavan.

During its activity, Inecobank CJSC has gained a reputation of secure and reliable bank with increasing profitability level and pace of development.

The bank is:

- A member of the international S.W.I.F.T. payment system
- A participant of the World Bank's EDP Loan Program
- A perticipant of the SME Lending Program carried out by the USAID-funded American ShoreBank Advisory Services
- A participant of the Eurasia Foundation's SME Lending Program
- An agent bank in the Lincy Fund's Enterprise Lending Program
- A fully-fledge member and shareholder of the ArCa payment system
- A participant-bank in USAID's Loan Guarantee Program
- A partner-bank of the KfW Banking Group
- An affiliated member of the MasterCard international payment system
- A partner-bank of the European Bank For Reconstruction and Development (EBRD) in the frameworks of the jointly-implemented Micro and Small Enterprise Lending Program
- A partner-bank of the European Bank For Reconstruction and Development (EBRD) in the frameworks of the jointly-implemented Trade Facilitation Program (TFP)
- A partner-bank of the European Bank For Reconstruction and Development (EBRD) in the frameworks of the jointly-implemented Small and Medium Enterprise Lending Program
- A partner-bank of the DEG in the frameworks of the jointly-implemented Small and Medium Enterprise Lending Program
- A partner-bank of the ADB in the frameworks of the jointly-implemented Small and Medium Enterprise Lending Program

Since 2001, the bank has served as a financial agent of "Lincy” Foundation - "Enterprise Financing Program”.

The bank cooperates with the following international organizations:

- European Bank for Reconstruction and Development within the framework of SME Lending and Trade Facilitation programs;
- International Finance Corporation (IFC) within the framework of SME and Mortgage (real estate purchase and repair) programs;
- German-Armenian foundation within the framework of SME and Mortgage (real estate purchase and repaire) programs;
- Black Sea Trade and Development Bank (BSTDB) within the framework of lending to exporters and importers from the Black Sea region partner countries;
- Deutsche Investitons und Entwicklungesellschaft MBH (DEG) to support start-up and developing businesses;
- International Foundation of Agriculture Development (IFAD) within the framework of rural area reforms and support programs ;
- World Bank International Development Cooperation Fund within the framework of agricultural and small agricultural business development programs;
- National Center Foundation of SME development in Armenia (NCF SME) within the framework of Guaranty Provision programs;
- IREX within the framework of mass media support program;
- KFW Bank within the framework of the "Stable Development of Mortgage Market” program.

The international shareholders of the Bank are IFC – 10% and DEG – 13.5%.

As of 30 June 2012: total capital - 16 413 632 thousand dram, the assets - 93 370 343 thousand dram, the liabilities - 76 956 711 thousand dram.