03 Nov 2025Rating:5.0
Very Good service, i opened a company account and private account. Very happy with them. Good Bank
Charles Stalin Armeconombank Source: Google
Armeconombank
Information about products and services from Armeconombank
Bank's exchange rates
Last update: 06 Oct, 20:47
Armeconombank
CurrencySell to the bankBuy from the bank
- EUR403413
- RUB4.134.32
- USD360364.5
Central Bank Rates
All currency exchange ratesCurrency05 Oct06 Oct
- EUR405.3-0.49% 407.19+0.47%
- RUB4.26-1.60% 4.24-0.61%
- USD361.81-0.20% 362.14+0.09%
Best offers
ArmeconombankFlexible
Interest rate
1%
Term
733 days
Amount
to 100 000€
ArmeconombankFlexible
Interest rate
3%
Term
733 days
Amount
to 100 000$
ArmeconombankГибкий
Interest rate
8%
Term
733 days
Amount
to 50 000 000֏
ArmeconombankFlexible
Interest rate
4.75%
Term
733 days
Amount
to 10 000 000₽
ArmeconombankClassic deposit
Interest rate
2.04%
Term
546-733 days
Amount
to 100 000€
ArmeconombankRefinanced mortgage loan for military personnel
Effective rate
8.49% - 10.62%
Rate
12.75%
Amount
to 25 650 000֏
Down payment
from 0%
State program
ArmeconombankHousing for families from Nagorno-Karabakh.
Effective rate
2% - 5%
Rate
10% - 13%
Amount
to 16 000 000֏
Down payment
from 1%
State program
ArmeconombankAffordable housing for military personnel.
Effective rate
6.59% - 8.14%
Rate
11%
Amount
to 25 650 000֏
Down payment
from 0%
State program
Effective rate
14.26% - 19.11%
Rate
13% - 15%
Amount
to 100 000 000֏
Down payment
from 10%
Effective rate
11.83% - 16.17%
Rate
10.5% - 12%
Amount
to 250 000$
Down payment
from 10%
The card is completely free
Cashback
No
Interest on balance
No
Bonuses
No
Issue:
Free of charge
Maintenance:
4 000֏ / year
Cashback
No
Interest on balance
No
Bonuses
No
Issue:
Free of charge
Maintenance:
1 200֏ / month
Cashback
1%
Interest on balance
No
Bonuses
Passages to business lounges
The card is completely free
Cashback
5%
Interest on balance
3%
Bonuses
5% discount
Issue:
Free of charge
Maintenance:
300֏ / month
Cashback
2%
Interest on balance
No
Bonuses
No
ArmeconombankLoan without a pledge
Effective rate
21.54% - 23.9%
Amount
to 2 000 000֏
Term
up to 3 years
ArmeconombankOnline Loan
Effective rate
17.81% - 23.75%
Amount
to 5 000 000֏
Term
up to 3 years
ArmeconombankStudent loan (State program)
Effective rate
6.17% - 7.23%
Amount
to 4 000 000֏
Term
up to 10 years
ArmeconombankStudent loan from the Bank's resources
Effective rate
20.07% - 20.66%
Amount
to 1 000 000֏
Term
up to 2 years
ArmeconombankLoan with gold item collateral
Effective rate
16.08% - 20.15%
Amount
to 50 000 000֏
Term
up to 5 years
ArmeconombankOnline Loan
Effective rate
17.81% - 23.75%
Amount
to 5 000 000֏
Term
up to 3 years
Information about Armeconombank
General information
Full legal name
"ARMECONOMBANK" OJSC
Founded
1991
CB of Armenia License
№1
Head office
23/1 Amiryan St., Yerevan 0002, ArmeniaOn the map (178)
Financial Indicators (2025)
Total Assets
AMD 604.5 billion
Loans and Advances
AMD 401.2 billion
Equity
AMD 88.9 billion
Net Profit
AMD 12.55 billion
Annual Report
OpenBank details
CB of Armenia License
№1
Registration date
26 Aug 1991
Bank code
16300
SWIFT code
ARECAM22
Chairman
Artak Arakelyan
About the Bank
ARMECONOMBANK is a bank in Armenia serving individuals, entrepreneurs, SMEs and corporate clients. The bank offers loans, deposits, card and payment services, international transfers and investment services.
ARMECONOMBANK has operated since 1991 under Central Bank of Armenia banking license No. 1 and maintains an extensive branch network across the country. The bank combines traditional banking services with digital banking through AEB Mobile, AEB Online and AEB Pay. Its main areas of activity include retail and corporate banking, SME financing, international transfers, investment services and leasing.
History
1988 — Predecessor
In 1988, following the reorganization of the USSR banking system, the Armenian Republican Bank of Zhilsotsbank of the USSR was established, ARMECONOMBANK later became its legal successor.
1991 — Foundation
On August 26, 1991, the bank was registered by the Central Bank of Armenia as a joint-stock bank and received banking license No. 1.
1993 — Re-registration
In 1993, the bank was re-registered with the Central Bank of Armenia as an open joint-stock company.
1995 — Reorganization
In 1995, the bank was reorganized as an open joint-stock company and continued operating as ARMECONOMBANK OJSC.
2026 — Bond market
In February 2026, ARMECONOMBANK placed an AMD 4 billion bond issue in just one day, during the year the bank also completed placements of other bond issues ahead of schedule.
Armeconombank business activities and areas of specialization
Activities
Retail banking, corporate banking, SME financing, lending and deposits, card and payment services, international transfers, investment services, leasing.
Key products and services
Target Segments
Individuals, entrepreneurs, micro, small and medium-sized businesses and corporate clients.
Digital Products
AEB Mobile, AEB Online, AEB Pay
International Affiliation
ARMECONOMBANK is not part of an international banking group. As of December 31, 2025, the largest shareholders were Saribek Sukiasyan with 25.99%, Eduard Sukiasyan with 13.01% and Khachatur Sukiasyan with 12.45%.
Leadership
Artak Arakelyan
Chief Executive Officer
Artak Arakelyan has headed the Executive Board of ARMECONOMBANK and served as Chief Executive Officer since June 15, 2023. He has worked at the bank since 2005 and has held a number of management positions, including Deputy Chief Executive Officer and Treasurer. Artak Arakelyan holds a PhD in Economics.
Awards
2025 — Leading Partner Bank in Armenia - Asian Development Bank
ARMECONOMBANK received the Leading Partner Bank in Armenia award as part of the Asian Development Bank's 11th annual Trade Finance Awards.
Source
Armeconombank online services
Bank branches and ATMs map
Bank reviews
Charles Stalin Armeconombank Source: Google15 May 2024Rating:1.0
The worst bank I have ever seen in Armenia, very slow and bad service,
Musheer Asyegh Armeconombank Source: Google26 Sept 2018Rating:1.0
Literally the worst and incompetent bank in Armenia. Only 3 out of 7 windows are working in this branch, while 1 out of the 3 does not serve the customers, the other 2 are mumbling and do everything except their job. The queue is growing, but no one cares.
Grigor Shahinyan Armeconombank Source: Google28 Jun 2017Rating:1.0
Awful service. Endless queue. Waiting for 2.5 hours for account history reference. Nervous breakdowns of clients. And against this background, the melancholic customer service manager....
Armine Mkrtchyan Armeconombank Source: Google11 Jun 2017Rating:5.0
Very good customer service, professional staff, good bank.
Tsovinar Sargsyan Armeconombank Source: GoogleNews about Armeconombank
Articles about Armeconombank
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