Byblos Bank Armenia
| Company type | Subsidiary |
|---|---|
| Industry | Banking, financial services |
| Predecessor | International Trade Bank |
| Founded | December 2007 |
| Founder | Byblos Bank S.A.L. |
| Headquarters | Yerevan , Armenia |
Area served | Armenia |
| Products | Deposit mobilization, account management, lending, cash and settlement transactions, securities and foreign currency operations |
| Owner | Byblos Bank S.A.L. |
| Parent | Byblos Bank S.A.L. |
Byblos Bank Armenia is a financial institution based in Yerevan, Armenia, with a network of four branches throughout the city. It functions as a fully owned subsidiary of the Lebanese parent company, Byblos Bank, and is among the 18 banks regulated by the Central Bank of Armenia.
History
Byblos Bank Armenia was established in December 2007 following Byblos Bank S.A.L.'s acquisition of International Trade Bank. The bank commenced its operations in early 2008 with a single branch and had expanded to four branches by 2021.
In 2008, the European Bank for Reconstruction and Development (EBRD) and the OPEC Fund for International Development (OFID) obtained ownership stakes of 25% and 10%, respectively. However, by the conclusion of 2016, Byblos Bank S.A.L. repurchased all shares previously held by EBRD and OFID, thereby regaining complete ownership.
Services
The institution’s primary operations encompass deposit mobilization, account management for clients, lending services for both individuals and businesses, facilitating cash and settlement transactions, as well as engaging in securities and foreign currency dealings.
Registered Capital
The bank’s registered capital amounts to 26,249,100,000 Armenian drams, divided into 262,491 ordinary registered shares, each with a nominal value of 100,000 drams.