ArmSwissBank is a leading financial institution in Armenia, with a strong commitment to investing in the country's future.
The bank has a significant presence in Armenia, with a network of branches and ATMs across the country.
ArmSwissBank offers a range of financial services, including corporate and retail banking, as well as investment and private banking.
Its focus on innovation and technology has enabled the bank to provide its customers with modern and efficient banking services.
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Bank Information
ArmSwissBank offers a range of banking services to its clients.
Their banking services include current accounts, savings accounts, and fixed-term deposits, as well as various loan options.
Their current accounts come with debit cards, online banking, and mobile banking facilities, making it convenient for clients to manage their finances on the go.
Interest rates on savings accounts and fixed-term deposits vary depending on the account type and term.
They also offer a range of loan options, including personal loans and overdraft facilities.
Their personal loans have a fixed interest rate and repayment term, making it easier for clients to budget and manage their debt.
Project Overview
ArmSwissBank is part of a larger initiative to support small businesses in the region.
The European Bank for Reconstruction and Development and the European Union have established the SME Competitiveness and Inclusion Programme in Eastern Partnership, which aims to provide financial assistance to eligible micro, small and medium sized enterprises.
This programme is designed to help MSMEs in the region grow and become more competitive.
A senior loan of up to USD 5 million has been made available to ArmSwissBank under this programme, which will be on-lent to eligible MSMEs.
Impact and Support
ArmSwissBank's impact is evident in its efforts to support the growth of Armenian MSMEs. The bank is expanding its MSME loan portfolio with a specific focus on financing priority investments complying with EU directives.
This focus on EU compliance will ultimately facilitate the competitiveness of Armenian MSMEs. By doing so, ArmSwissBank is contributing to a more sustainable and stable business environment.
ArmSwissBank's support for Armenian MSMEs is a vital step towards economic development.
Frequently Asked Questions
Who is the owner of Armswissbank?
The founder and indirect significant participant of ARMSWISSBANK is Vartan Sirmakes. He is the key figure behind the bank's establishment.
Is Armswissbank a closed joint stock company?
Armswissbank is indeed a Closed Joint-Stock Company, as stated in its establishment in 2004. This corporate structure is a key aspect of its membership in Union Banks of Armenia.
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