Ardshinbank is the leading bank in Armenia by various of metrics. The bank offers a diverse range of universal banking services across retail and commercial banking, investment banking, as well as private and wealth management solutions. 

At the end of 2024, Ardshinbank had assets of $5.9 billion. We maintain strong capital, funding and liquidity positions, exceeding regulatory requirements, and we are the only bank in Armenia to have credit ratings from all three of the major international agencies, each with a stable outlook and aligned with the country’s sovereign credit rating.

Our vision is to build stable, long-term relationships with businesses and individuals through the provision of high-quality and complex financial services. We are underpinned by a compliance-first culture and strong governance, led by an experienced management team.

Our mission is to support and contribute to the growth of Armenia’s economy while becoming the bank and employer of choice. We are guided by six core values - quality, reliability, availability, timeliness, efficiency, responsibility.

Headquartered in Yerevan, Ardshinbank serves over 410,000 customers with the support of over 2,100 employees across 74 branches - the largest branch network in the country, and giving us a 20.5% market share by total assets. 

Our branch footprint is complemented by a robust mobile and online banking platform that provides accessible financial services. Our commitment to investing in technology, innovative solutions and excellent customer service make Ardshinbank a compelling place for our people to build their careers. 

Where we’ve come from

Ardshinbank was established on 25 February 2003, and received a banking license No. 83 on 27 February 2003. In the same year, the bank expanded its operations by acquiring a substantial part of the assets, liabilities, and infrastructure of Ardshinbank OJSC and Armagrobank CJSC. Initially incorporated as Ardshininvestbank CJSC, the bank was renamed Ardshinbank CJSC in November 2014. 

On January 13, 2017, Areximbank-Gazprombank Group CJSC was merged into Ardshinbank CJSC. As a result, the banking operations previously carried out by Areximbank-Gazprombank Group CJSC were terminated. All banking services have since been provided by Ardshinbank CJSC, the legal successor to Areximbank-Gazprombank Group CJSC. 

As of April 21, 2025, Ardshininvestbank CJSC (previously known as HSBC Bank Armenia CJSC until November 29, 2024) has been merged into “Ardshinbank” CJSC. As a result, the Board of the Central Bank of Armenia has revoked Banking License No. 67 issued to “Ardshininvestbank” CJSC. The banking operations previously carried out by Ardshininvestbank CJSC have been terminated. All banking services will henceforth be provided by Ardshinbank CJSC, the legal successor to Ardshininvestbank CJSC.

Over the past decade, Ardshinbank has demonstrated consistent growth and operational stability. The bank has achieved strong profitability and returns, with significant growth in net profit and return on equity over the past five years. 

This strong platform has enabled Ardshinbank to execute landmark acquisitions such as our purchase of Areximbank in 2016, and of HSBC Armenia in 2024, which have accelerated our expansion and added scale and further expertise. Ardshinbank is also increasingly facilitating business into the eurozone, through its representative office in Paris, France.

Since November 25, 2025, the closed joint-stock company “Ardshinbank” has been transformed into an open joint-stock company and continues its activities under the name Open Joint-Stock Company “Ardshinbank” (OJSC “Ardshinbank”).