Inecobank CJSC was established in 1996 and since then became leading Armenian bank for individual customers and customers, representing Micro and SME businesses; the bank provides its services to more than 300.000 individuals and more than 10.000 business customers.
The bank is the first bank in the country, which introduced POS lending service, promoting development of consumer goods' market. The bank is #1 in Armenia by return on equity (ROE, 2015).
The bank is leading bank in the Republic of Armenia by number of international investors attracted (more than 30).
International financial institutions like the EBRD, the IFC and the DEG are among largest shareholders of the Bank. In 2015 Inecobank CJSC purchased 100% of ProCredit Bank CJSC shares. The Bank has 23 branches. Nine branches are placed in regions: Gyumri, Vanadzor, Lori, Hrazdan, Armavir, Armavir 2, Abovyan, Ashtarak, Artashat and fourteen are in Yerevan Central operational unit, 18 Abovyan, Arabkir, Malatia, Nor Nork, Shengavit, Shengavit 2, Mashtots, Ajapnyak, Komitas, Tigran Mets, Koryun, Khorenatsi and Zeytun.
Achievements of INECOBANK
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