Armenian Development Bank OJSC

Armenian Development Bank ojsc provides commercial banking services in Armenia. The companys deposit products include usual, savings, discount, childs, universal, and multicurrency deposits, as well as time deposits. Its loan portfolio comprises business loans, business mortgage loans, development loans, overdrafts, credit lines, consumer loans, banking guarantees, car loans, loans with money or securities collaterals, and gold pledge loans, as well as mortgage loans. The company also offers letters of credit, collection, and escrow services; Internet banking services; and provides custodian and depository mediation services, as well as offers compulsory motor third party liability insurance service. In addition, it provides various credit and gift cards; money transfer services; personal safe deposit boxes; investment and depository services; and financial instruments, such as forward and option contracts for sale and purchase. It operates through five branches. The company was formerly known as Bank of Reconstruction and Development and changed its name to Armenian Development Bank ojsc in November 1995. Armenian Development Bank ojsc was founded in 1990 and is headquartered in Yerevan, Armenia.