EE Impact

Armeconombank

Armenia · Finance & Payments

LeaveRussia detail: Suspension

Operations suspended

ARMECONOMBANK OJSC is one of the largest and leading banks in the Republic of Armenia. It plays an outstanding role in developing Armenian banking sector. As a universal-type financial and credit Institution it offers its customers a comprehensive package of bank services. ARMECONOMBANK OJSC was the first among state-owned banks of Armenia to be reorganized into a joint stock bank and to be registered by the Central Bank of Armenia (August 26, 1991, Registration No.1).

Status last verified 03/08/2026Source checked 25/07/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 24/07/2023 · Reference ↗

In Armenia, 4 out of 18 banks refused to work with Unistream: Armeconombank, Ardshinbank, Converse Bank and Evokabank sent out notices to clients offering to use alternative payment channels.

Status history since 2022

  1. 03/08/2026 suspended · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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