What is the latest status of the project “Armeconombank”?

The status recorded for “Armeconombank” is completed.

Who are the main government, EPC, and private stakeholders for “Armeconombank”?

Taiyo maps the stakeholders of “Armeconombank”: government bodies (International Finance Corporation (IFC)), banks/investors (Armenian Economy Development Bank).

Where can I verify the source and access all details for “Armeconombank”?

This Taiyo project page references International Finance Corporation (IFC) along with the original URL (https://disclosures.ifc.org/project-detail/SPI/22531/armeconombank). Taiyo standardizes official data into a consistent, searchable project profile.

Armeconombank

Sector: Residential • Location: Armenia

Source: International Finance Corporation (IFC)

Project

Completed

Armeconombank (AEB or the bank) is one of the largest, privately controlled banks in Armenia and is the successor of Zhilsotzbank, one of the former state-owned banks. It is the 4th largest bank in Armenia in terms of assets, with 24 branches across the country and 450 employees. Today the bank focuses on serving SMEs, retail clients, and financial institutions. AEB had the net worth of approxi

Project Information

4 Q

The project “Armeconombank” is an infrastructure initiative in the Residential sector, located in Armenia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency	Obfuscated Data
Company	Obfuscated Data

Status

Original status	completed
Taiyo status	Obfuscated Data
Taiyo last update	00-00-0000
Available timestamps	00-00-0000
Available timestamp type	Obfuscated Data

Contact

Contact name	Obfuscated Data
Phone	0000000000
Email	ObfuscatedData@email.com
Address	Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Description

Description	Armeconombank (AEB or the bank) is one of the largest, privately controlled banks in Armenia and is the successor of Zhilsotzbank, one of the former state-owned banks. It is the 4th largest bank in Armenia in terms of assets, with 24 branches across the country and 450 employees. Today the bank focuses on serving SMEs, retail clients, and financial institutions. AEB had the net worth of approximately $5.3 million and total assets of approximately $33.4 million equivalent as of the end of 2003. The proposed $2.0 million senior loan to AEB, to broaden the bank’s funding base for on-lending to SMEs and for residential housing projects, would be IFC’s first investment in the Armenian commercial banking sector. IFC will also consider an equity investment of up to $1.0 million to support AEB’s capital base.
Original sub-sector	Obfuscated
Original Currency	USD
Original budget	000000000000000
Procurement method	Obfuscated Data
Budget	000000000000000

Location

Region	Obfuscated
Country	Obfuscated
State	Obfuscated Data
County	Obfuscated
Location	Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Source

Source reliability	High
Data quality score	100%
Source	Obfuscated Data
URL	obfuscated_data,obfuscateddata.com

More Details

Project Type	Obfuscated Data
Article Published Date	Obfuscated Data

Armeconombank

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