The bank was established in May 1998 with the capital of million. The only shareholder of the bank was Emporiki Bank of Greece. In 2000, the capital of The bank increased up to million with the following structure of shareholders: Emporiki Bank - 75%, the European Bank for Reconstruction and Development (EBRD) – 25%.

License N79 of the Central Bank of the Republic of Armenia.

In May 2005, the “Cascade Capital Holding” purchased 100% shares of the bank. Since June 2005, the bank has been renamed into “Cascade Bank” CJSC.

Cascade Bank is 100% owned by Cascade Capital Holdings, which in turn is 100% owned by the U.S. based Cafesjian Family Foundation.

Cascade Capital Holdings subsidiaries and affiliates currently include Cascade Bank, Cascade Insurance, and Cascade Investments.

From October 2006 the bank participates in the German KfW bank program “Stable Development of the Mortgage Market”.

Cascade Bank is the full member of “ArCa” payment system and the affiliated member of Master Card payment system. Cascade Bank ATMs accept “ArCa”, Master Card and Visa.

As of 28 February 2010, Cascade Bank has 91 employees.

As of 28 February 2010, the bank served 9059 clients: 924 legal entities and 8135 individuals.

As of 28 February 2010: total capital - 7 680 685 thousand dram, the assets - 19 461 921 thousand dram, the liabilities - 11 781 236 thousand dram.