Artsakhbank, CJSC, (hereinafter referred to as Bank) was established on February 12, 1996 on the basis of the NKR Central Bank and Savingsbank. It is the only resident bank of Armenia that operates both in Armenia and throughout Nagorno Karabakh considering its mission to assist in economically effective social programmes implementation, middle and small entrepreneurship establishment and its further development.

Artsakhbank is a universal bank: it offers a wide range of products, presented in the financial market. In Nagorno Karabakh it also serves the state budget of the NKR, as well as the Government and other state agencies.

Bank is a shareholder of Armenian Card, CJSC, and an affiliate member of ArCa national payment system, MasterCard International payment system. Also, the Bank is a member of SWIFT international money transfer system (since 2003), serves money transfers through HEXAGON (HSBC bank), TELEX and money transfer system of SBERBANK, as well as world-wide account-free transfer systems for individuals, such as MIGOM, LEADER, MoneyGram, ANELIK.

At present, the Bank has 17 branches, of which 11 perform throughout Nagorno Karabakh and 6 in Yerevan. As at October 1, 2009 the Bank serves 27 329 customers, of which 25 783 are individuals.

The Bank has 414 employees, as at October 1, 2009.

As of 31 December 2009, the Bank’s total equity came to AMD 7 580 407 mln., total assets - AMD 44 679 927 mln. and liabilities - AMD 37 099 520 mln.