“ARMSWISSBANK” CJSC
“ARMSWISSBANK” CJSC was founded in October 7,2004 by the influential businessman in Switzerland, Vartan Sirmakes, who is the founder of Swiss watch company “Frank Muller Watchland” and is still the beneficiary owner of the Bank with 100% ordinary shares.
ARMSWISSBANK offers a wide range of financing services to corporate and individual customers which are acceptable in international standards. The Bank does not provide retail banking services.
Apart from traditional banking services, such as loans, deposits, card transactions, local and international payments, the Bank also offers alternative financing services, trade finance instruments (factoring, purchase order financing, export financing, import financing, letters of credits, guarantees and etc.), investment services, opening escrow and gold accounts, also transactions with derivatives and other services. Also the Bank is willing to offer different banking products to businesses, especially within the scope of import and export between Switzerland and Armenia.
The Bank successfully and effectively cooperates with various well-known international financial institutions, such as EBRD, ADB, KfW, EIB and others. ARMSWISSBANK has been awarded by EBRD “The Most Active Issuing Bank in Armenia” for the third year in a row (in 2018, 2019, 2020). The Bank is also a member of Factors Chain International (FCI), which enables it to provide factoring services with 400 financial institutions in 90 countries around the world.
Thereby taking into account the current trends in the international financial world, Armswissbank promotes investments in renewable energy and energy efficient projects. And at present time one of the Bank's strategic directions is “Green financing”.