InecoBank

INECOBANK is one of the leading South Caucasus banks, headquartered in Yerevan, Armenia.

[3] Starting from 1998, the bank has been cooperating with over 30 international financial organizations, and has established nostro-correspondent relations with a number of leading international banks.

In 2015, European Bank of Reconstruction and Development became a shareholder of Inecobank, acquiring 22.7% of shares and in 2018 agRIF cooperatief became a shareholder acquiring 10% of shares from IFC and DEG in a private transaction.

[4][5][2] In October 2019, Inecobank appointed Hayk Voskanyan as the company's Chief Executive Officer.

[6] The history of Inecobank dates back to 1996, when two Armenian businessmen, Avetis Baloyan and Karen Safaryan along with other Armenian partners founded the bank․ The total capital of the bank as of FY 2018 is more than USD 100mln.