Unibank (Armenia) Overview and Services

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Unibank (Armenia) is a leading bank in the country, providing a wide range of services to its customers.

Founded in 1996, Unibank has been serving the Armenian market for over two decades.

Its main office is located in Yerevan, the capital city of Armenia.

The bank has a strong presence in the country, with numerous branches and ATMs across major cities.

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About Unibank

Unibank is a bank established in October 2001, with License N81 issued by the Central Bank of the Republic of Armenia on 9 October 2001.

Unibank has a strong presence in Armenia, with 56 branches across the country and a representative office in Moscow. The bank's essential shareholder is Uniholding GG Limited, holding 83.3% of the shares.

The bank's management team includes CEO Mesrop Hakobyan, who leads a team of 789 employees. Unibank's address is 12 Charents Str., num 53, 1-5, Yerevan, Armenia, and customers can contact them on (010) 59 55 55, (010) 59 22 59, or via email at [email protected].

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History

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Unibank has a rich history that spans several decades. The bank was founded in 1997, marking the beginning of its journey to become one of the leading financial institutions in the country.

Its early years were marked by steady growth and expansion, driven by a commitment to innovation and customer satisfaction. Unibank's founders had a vision to create a bank that would cater to the diverse needs of the community.

By 2005, Unibank had established a strong presence in the market, with a network of branches and a reputation for excellent service. This marked a significant milestone in the bank's history, as it solidified its position as a major player in the industry.

Throughout its history, Unibank has remained true to its core values of integrity, professionalism, and community involvement. These values have guided the bank's decision-making and have contributed to its success over the years.

Unibank's commitment to innovation has also been evident in its adoption of cutting-edge technology, which has enabled it to provide efficient and secure banking services to its customers.

Mission

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At Unibank, our mission is to provide a wide range of financial services to individuals and businesses, with a focus on innovation and customer satisfaction.

We aim to be the bank of choice for our customers by offering personalized banking solutions that meet their unique needs.

Our goal is to provide the best possible banking experience, with a commitment to excellence in everything we do.

We strive to stay ahead of the curve by leveraging technology to deliver fast, secure, and convenient banking services.

Our customers can bank with confidence, knowing that their deposits are insured and their accounts are protected by robust security measures.

By providing exceptional customer service, we aim to build lasting relationships with our customers and earn their trust.

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Vision

Unibank's vision is built on a strong foundation of innovation and customer satisfaction. We're committed to being a leader in the financial industry by continuously improving our services and products.

Our goal is to provide a seamless and secure banking experience for all our customers, regardless of their location or financial status. This is reflected in our commitment to expanding our online and mobile banking platforms.

We're dedicated to making banking more accessible and convenient for everyone, which is why we're constantly looking for ways to improve our services and reduce wait times. By doing so, we aim to become the go-to bank for customers who value speed and efficiency.

At Unibank, we believe that everyone deserves access to financial services, regardless of their background or financial history. This is why we offer a range of products and services that cater to different needs and financial situations.

Services

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Unibank (Armenia) offers a variety of services to cater to its customers' needs.

Their services include internet banking, allowing customers to manage their accounts online, and mobile banking, enabling them to perform transactions on the go.

With Unibank's services, customers can also access their account information, pay bills, and transfer funds with ease.

Open an Account

Opening an account in Unibank Armenia is a straightforward process, but it does require some preparation. The cost of opening an account for legal entities and individuals is 120,000 AMD.

To start, you'll need to gather the necessary documents, which include your passport, confirmation of address, and a certificate of goodstanding or incumbency. You'll also need to provide utility bills not older than 3 months.

The bank may request additional documents, such as proof of income and wealth, so it's a good idea to be prepared to provide these as well. All company documents must be legalized with an apostille.

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Once you've gathered your documents, you'll need to fill out a questionnaire and provide scan copies of the documents to the bank for consideration. This can take up to 4 weeks, depending on the bank's processing time.

After your documents have been approved, you'll need to make a personal visit to the bank to sign banking forms and verify your corporate documents. The bank will then issue keys for managing the account.

Account servicing for legal entities and individuals costs 150,000 AMD per year, and intrabank transfers are free of charge. Transfers in EUR, USD, or RUR incur a commission of 0.4%, with a minimum of 30,000 AMD and a maximum of 120,000 AMD per EUR.

Banking Options

When you're looking for banking options, consider the variety of services offered by the bank.

Online banking is available to all customers, allowing them to check their account balances and transfer funds with ease.

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Mobile banking apps are also available, providing 24/7 access to account information and the ability to deposit checks remotely.

ATMs are widely available, offering convenient access to cash and other banking services.

Bank branches are located throughout the city, providing face-to-face assistance with banking needs.

Many banks also offer overdraft protection, which can help prevent unexpected overdraft fees.

The bank's customer service team is available to answer any questions or concerns, providing support whenever it's needed.

Corporate Information

Unibank (Armenia) is a private bank that was established in 1996 in Yerevan, Armenia. It is a member of the UniCredit Group, an international banking and financial services group.

The bank has a significant presence in Armenia, with a network of branches and ATMs across the country. Unibank (Armenia) offers a wide range of financial services to its customers, including corporate and retail banking, investment banking, and insurance services.

Corporate Governance

Unibank prioritizes effective and transparent corporate governance, striving to implement best practices. This approach ensures the independence of the Board and its ability to effectively supervise management activity.

Majestic columns of a historic building in Yerevan, Armenia, showcasing traditional architecture.
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The Bank's corporate governance policy is designed to foster good relations with shareholders. A key aspect of this policy is the framework that governs the Bank's operations.

The internal Audit Unit plays a crucial role in ensuring the Bank's compliance with regulatory requirements. It monitors the Bank's activities to prevent any irregularities.

Unibank's Risk Management policy is guided by the principles of communication, ensuring that all stakeholders are informed about the Bank's risk management strategies. This policy also includes measures to prevent money laundering.

Here are some key aspects of Unibank's corporate governance framework:

  • Framework
  • The internal Audit Unit
  • Principles of communication of Risk Management Policies
  • Anti-Money Laundering (AML)
  • Risk Management

Management Team

Our management team is comprised of experienced professionals who have a deep understanding of the company's operations and goals. They are responsible for making key decisions that drive the company's success.

Our CEO has over 10 years of experience in the industry and has a proven track record of leading teams to achieve exceptional results.

She is supported by a team of senior executives, each with their own area of expertise, including finance, marketing, and product development.

The company's board of directors provides strategic guidance and oversight, ensuring that the company remains focused on its mission and values.

They bring a wealth of knowledge and experience to the table, helping to drive the company's growth and success.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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