Information about products and services from Inecobank
Last update: 06 Oct, 20:47
Inecobank
4.34%
940-1095 days
to 551 200$
9.75%
940-1095 days
to 200 000 000֏
2.25%
730-912 days
to 477 900€
4.34%
730-912 days
to 551 200$
9.5%
730-912 days
to 200 000 000֏
10.04% - 20.85%
9.5% - 12%
to 160 000$
from 0%
15.25% - 21.31%
14% - 15.5%
to 80 000 000֏
from 0%
10.04% - 20.85%
9.5% - 12%
to 60 000$
from 0%
15.25% - 21.31%
14% - 15.5%
to 30 000 000֏
from 0%
9.49% - 16.01%
9% - 11.5%
to 160 000$
from 0%
Free of charge
2 500֏ / year
2%
No
No
Free of charge
90 000֏ / year
No
No
Passages to business lounges
Free of charge
12 000֏ / year
No
No
discount on the RoadTravel subscription
Free of charge
4 000֏ / year
20%
No
discount on the RoadTravel subscription
Free of charge
4 000֏ / year
No
No
No
15.8% - 23%
to 18 000 000֏
up to 5 years
14.7% - 18.3%
to 12 000 000֏
up to 5 years
15.8% - 23%
to 18 000 000֏
up to 5 years
Full legal name
"InecoBank" CJSC
Founded
1996
CB of Armenia License
№68
Website
inecobank.amOn the map (84)
Total Assets
AMD 918.9 billion
Loans and Advances
AMD 517.3 billion
Equity
AMD 123.2 billion
Net Profit
AMD 29.62 billion
Annual Report
OpenCB of Armenia License
№68
Registration date
07 Feb 1996
Bank code
20500
SWIFT code
INJSAM22
Chairman
Hayk Stepanyan
Inecobank is a bank in Armenia serving private clients, entrepreneurs, SMEs and corporate clients. The bank provides lending, deposit, card and payment services, investment and brokerage solutions, as well as digital banking services.
Inecobank has operated since 1996 under Central Bank of Armenia banking license No. 68. The bank develops retail and corporate banking, SME financing, investment and brokerage services and places a strong focus on digital banking. Its remote banking ecosystem includes Ineco, InecoOnline, 1 CLICK, PayLater, Sprint and InecoPay. Inecobank is part of the INECO GROUP financial group.
1996 — Foundation
Inecobank was founded on February 7, 1996 by Avetis Baloyan and partners and received banking license No. 68 from the Central Bank of Armenia.
2012 — Launch of InecoOnline
In 2012, the bank launched InecoOnline, Armenia's first online banking platform providing 24/7 access to banking services.
2015 — Acquisition of ProCredit Bank
In 2015, Inecobank acquired 100% of ProCredit Bank CJSC Armenia, strengthening its position in Armenia's banking system.
2024 — Establishment of INECO GROUP
In 2024, INECO GROUP was established as Inecobank's parent company to consolidate the group's financial, fintech and investment activities.
2026 — New management
In August 2026, Hayk Stepanyan was appointed Chief Executive Officer and Chairman of the Management Board of Inecobank.
Retail banking, consumer and mortgage lending, services for SMEs and corporate clients, deposits, card and payment services, trade finance, investment and brokerage services, securities and foreign exchange operations.
Private clients, entrepreneurs, SMEs, corporate clients and investors.
Ineco, InecoMobile, InecoOnline, 1 CLICK, PayLater, Sprint, InecoPay
Inecobank is part of the INECO GROUP financial group. Significant shareholders are INECO GROUP CJSC with 34.98%, Karen Safaryan with 34.58%, BF CAPITAL CJSC with 5.92%, IM PARTNERS CJSC with 5.09%, INECO PARTNERS CJSC with 4.99%, other shareholders hold 14.44%.
Hayk Stepanyan
Chief Executive Officer
Hayk Stepanyan took over as head of Inecobank in August 2026. He has more than 20 years of professional and management experience in banking and finance. Before joining Inecobank, he had served as Chief Executive Officer of Byblos Bank Armenia since 2017 and previously held a number of management positions in the banking sector.
2025 — Best Bank Website - Armenia Digital Awards
inecobank.am received the Silver Winner award at the 2025 Armenia Digital Awards and ranked second in the banking websites category.
SourceTerrible bank for international transfers. Tried to send money to visa from EU Revolut. Failed (worked for evocabank card). Recently tried to receive a transfer from the US institution, waited for months, asked at the bank and they lied saying they don't see it, when in reality they refused to accept it quoting "bank regulations". Wasting time and money for us in the process. Avoid if you are a foreigner.
Sergey Melkumov Inecobank Source: GoogleIt's not give respect to any Indian people because I have problem with my account i get ticket and still 30 min I waiting but no one attend me... other people take ticket and finish work .... I m still waitting here so this place no respect for india....
Dks Patel Inecobank Source: GoogleI've been a customer of Inecobank for 8+ years now and couldn't be happier with them, the online app is always working and makes my experience so smooth for whatever I want to do with my account. I totally recommend Inecobank. Also, special thanks to Mr Tigran Sargsyan for helping us last month with our mortgage application process.
Vazgen Sargisian Inecobank Source: GoogleI can't explain how happy I am using this bank! I do not reside in Armenia, yet Ineco is my main bank and it's super convenient for someone who's always travelling. With its multiple currency accounts availability and 24/7 customer service chat, I do everything on my phone and I haven't had to call or visit the bank since I've opened my account. I've had different banks before, ones that have more of an international standing, honestly, they don't come close to the convenience that Ineco's services provide. A bank is as good as the self-sufficiency it provides to its customer. - Happy customer 💚
Nanor Stamboulian Inecobank Source: GoogleFirst update your hours on Google they are incorrect. I am sitting right now here waiting for service where google maps state that you are closed. Second how it is even possible in 21st century to wait for an hour and a half to receive a card you ordered and paid extra to receive sooner? Service is none existence and half of your workers are absent.
David Var Inecobank Source: GoogleProducts of Armenian banks
