Armenian Economy Development Bank Open Joint Stock Company

Armenian Economy Development Bank Open Joint Stock Company, a financial and credit institution, provides various banking services to corporate entities and individuals in Armenia and internationally. It offers bank accounts; and child and term deposits. The companys lending portfolio comprises consumer loans; mortgage loans for the purchase and reconstruction of apartments; commercial loans for economic, commercial, catering, business expansion, and development purposes; and Lombard loans to individuals on pledge of goods for personal purposes. It also provides various investment and non investment services, plastic cards, personal safekeeping boxes, and home banking services, as well as is engaged in various international operations, including correspondent relations and transfers, bank cheques, and documentary letters of credit and bank guarantees. The company operates through a network of 39 branches, including 19 in Yerevan, 19 in the regions, and 1 in NKR. Armenian Economy Development Bank Open Joint Stock Company was founded in 1988 and is headquartered in Yerevan, Armenia.