| Byblos Bank Armenia | |
| Type: | Closed joint-stock company (CJSC) |
| Industry: | Financial services |
| Predecessor: | International Trade Bank |
| Founded: | in Yerevan, Armenia |
| Hq Location City: | Yerevan |
| Hq Location Country: | Armenia |
| Area Served: | Armenia |
| Key People: | Hayk Stepanyan, CEO |
| Products: | Business banking, banking services |
| Parent: | Byblos Bank |
Byblos Bank Armenia is an Armenian bank headquartered in Yerevan, offering banking services at four branches across the city.[1] [2] The Bank is a wholly owned subsidiary of the Lebanese Byblos Bank.[3] It is one of 18 banks in Armenia supervised by the Central Bank of Armenia.[4]
Founded in December 2007, Byblos Bank Armenia CJSC is the outcome of the acquisition of the International Trade Bank in Armenia by Byblos Bank S.A.L.[5] [6]
Byblos Bank Armenia began operations with one branch in early 2008, then went on to open three more in 2012,[7] [8] 2020[9] and 2021.[10] [11]
In 2008, the European Bank for Reconstruction and Development (EBRD) and the OPEC Fund for International Development (OFID) bought 25% and 10% respectively of the shares of the bank.[12]
By the end of 2016, Byblos Bank S.A.L. had re-acquired all of EBRD and OFID's shares in Byblos Bank Armenia's charter capital (262,491 shares in total).[13]
The core business activity of the Bank includes the attraction of deposits, customer account maintenance, consumer and corporate lending, cash and settlement transactions and operations with securities and foreign exchange.[14]
The registered capital of the Bank makes up 26,249,100,000 Armenian drams.[15] The Bank's charter capital consists of 262,491 ordinary registered shares, each with a par value of 100,000 Armenian drams.[16]