ARMBUSINESSBANK CJSC

What ARMBUSINESSBANK CJSC does

ARMBUSINESSBANK CJSC operates commercially as AMIO Bank (ԱՄԻՕ ԲԱՆԿ) and is a domestically licensed Armenian commercial bank, headquartered at Nalbandyan 48, Yerevan, operating under Central Bank of Armenia banking license No. 40 issued on 10 December 1991. The entity is the full legal successor of HAYBIZNESBANK (Armbusinessbank) and is structured as a Closed Joint Stock Company (CJSC) supervised by the CBA and a participant of the Armenian Deposit Guarantee Fund. It serves Armenian individuals and businesses through a multi-channel platform combining a physical branch and ATM network with three digital entry points: an Internet Banking portal for individuals (my.amiobank.am), a business Internet Banking portal (internetbank.amiobank.am), and the AMIO Mobile mobile-banking application, plus self-serve online onboarding at join.amiobank.am.

The product suite spans three tiered retail service packages — Amio Active, Amio Pro and Amio Exclusive — alongside consumer loans (rates from 13.5%), mortgage, auto and refinancing loans, an unsecured business loan up to 15 million AMD, retail and business deposits yielding up to 10.25%, Visa/Mastercard/ArCa-branded cards with contactless support, FX and precious-metals trading, bonds, investments, individual safe-deposit boxes, pension system servicing, insurance distribution, payroll programs, payment terminals, and e-wallet acceptance. The underlying technology stack centers on the proprietary AMIO Mobile app and browser-based internet banking, integrated with the ArCa national card switch and international Visa/Mastercard rails, plus integrations with the ABC Finance collateral registry and Fininfo for credit-bureau data.

The revenue model is a classic spread-and-fee commercial banking construct: net interest margin on retail and business loans is the primary recurring stream, funded by deposits (retail and business) offered up to 10.25%; FX and precious-metals spreads (cash and non-cash, with published rates such as 1 USD = 371.00 AMD and bank-set pricing above 20 million AMD) contribute transaction-based revenue; card issuance/maintenance fees, account servicing, payroll program fees, safe-deposit-box rentals, bond placement, pension servicing, and insurance distribution add ancillary fee income. GTM motion is hybrid, with digital onboarding and mobile-first servicing used to acquire mass-affluent retail and SME/mid-market business clients, complemented by inside-sales and remote-servicing channels for corporate clients.

Name

ARMBUSINESSBANK CJSC

Legal name

«ԱՄԻdelays ԲdelaysԱՆdelaysԿ» ՓdelaysԲdelaysԸ (AMIO BANK Closed Joint Stock Company / CJSC)

Website

https://armbusinessbank.am

Company type

Private

Founded year

1991

Operating status

Operating

Short description

AMIO Bank (ARMBUSINESSBANK CJSC) is a domestically licensed Armenian commercial bank serving individuals and SMEs via branches, AMIO Mobile, and internet banking, offering tiered Amio packages, loans, deposits, cards, FX, and treasury products.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Sales Financing (52222), Finance and Insurance (52), Sales Financing (522220)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141), Finance Services (6199)

akta.pro industry

PRIMARYFSABAGAC

Islamic Corporate Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Retail banking
• Commercial banking
• Consumer loans
• Deposit accounts
• Foreign exchange services

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income on Loans: Consumer loans, mortgage loans, car loans, refinancing and unsecured business loans (up to 15 million AMD) priced from 13.5% — primary recurring revenue stream.
2. Foreign Exchange & Precious Metals Spread: Spread-based revenue from cash and non-cash FX conversion (including USD at 371.00 AMD buy rate) and precious metals buying/selling; rates are bank-set for transactions exceeding 20 million AMD.
3. Card & Account Service Fees: Issuance, maintenance and transaction fees on Visa, Mastercard, and ArCa-branded cards (Amio Active Gold, Amio Pro premium cards) plus account servicing fees per published tariffs.
4. Deposit Funding Spread: Funding cost via retail and business deposits offering up to 10.25% yields, generating net interest margin when deployed into lending assets.
5. Investment, Bond & Safe-Deposit-Box Fees: Fees from bond issuance/placement, investment products, individual safe-deposit-box rentals, transfers, pension system servicing, and insurance distribution.
6. Payroll Program & Corporate Banking Fees: Corporate payroll project fees, business account servicing, and remote corporate service offerings for SME and enterprise clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

ARMBUSINESSBANK CJSC (operating commercially as AMIO Bank) is a licensed Armenian bank offering retail and business banking products, including individual and business accounts, consumer/mortgage/auto/refinancing loans, term deposits, Visa/Mastercard/ArCa card issuance, FX and precious-metals trading, online loan origination via the AMIO Mobile app, payroll programs, safe deposit boxes, and pension/insurance/bond/investment services, delivered through a branch network and digital banking platforms.

Product overview

ARMBUSINESSBANK CJSC operates commercially as AMIO Bank and runs a multi-channel retail and commercial banking platform built around three digital entry points — Internet Banking for Individuals (my.amiobank.am), Internet Banking for Business (internetbank.amiobank.am), and the AMIO Mobile application — that together deliver account access, payments, and loan origination. For individuals the platform is commercially packaged as three tiered service bundles — Amio Active, Amio Pro and Amio Exclusive — each including card benefits, and is complemented by standalone modules for Consumer Loans (including the self-service Online Loan available via AMIO Mobile), Mortgage Loans, Auto Loans, Refinancing, Deposits, Cards, Contactless Payments, Bonds, Transfers, Investments, Individual Safe Deposit Boxes, Pension System services, Precious Metals, Insurance, and Currency Exchange. A parallel business-banking suite adds Business Accounts, Business Deposits, Business Cards, Payroll Programs, Remote Services, Payment Terminals and E-Wallets, with the deposit-insurance backstop and Central Bank supervision disclosed in the footer.

Differentiator

Problem solved

Functional benefit

Brands

• Amio Active: Retail banking package offering a Gold card and complimentary services for everyday banking.
• Amio Pro
• Amio Exclusive
• AMIO Mobile

Products and services

• Amio Active Free entry-level retail banking package for individual customers in Armenia, bundling a Gold card and standard complimentary services for routine personal banking.
• Amio Pro Free premium retail banking package for individual customers in Armenia, bundling a premium card and lifestyle-oriented privileges.
• Amio Exclusive Top-tier individual service package in the Amio trio, targeting affluent retail customers in Armenia with priority service and premium benefits.
• Consumer Loans Personal-purpose loan products for individual retail customers in Armenia, with advertised rates starting from 13.5% per annum and online origination through the AMIO Mobile app.
• Mortgage Loans Housing loan products for residential property financing offered to individual customers in Armenia.
• Auto Loans Vehicle financing loan products offered to individual customers in Armenia.
• Refinancing Loan refinancing product for restructuring existing third-party or in-house borrowings of individual customers.
• Deposits Term and savings deposit products for individuals in Armenia with advertised yields up to 10.25%.
• Individual Accounts Personal bank account products for individual customers in Armenia.
• Cards (Individuals) Personal debit and credit card products (including Gold variants) issued by the bank to individual customers, supporting contactless payments on Visa, Mastercard and ArCa networks.
• AMIO Mobile Unified mobile banking application for individuals that consolidates payments, card management, loan origination (including self-service online loans), savings and other retail banking services.
• Internet Banking (Individuals) Web-based banking portal for individual retail customers to access accounts, transfers, card management, FX conversion and other personal banking services.
• Internet Banking (Business) Web-based banking portal for business clients to manage corporate accounts, transfers, payroll and remote services.
• Bonds Bond investment and issuance products offered to customers in Armenia.
• Transfers Money-transfer services for individuals in Armenia.
• Investments Investment products and services for retail customers in Armenia.
• Individual Safe Deposit Boxes Rental of personal safe deposit boxes at the bank's branches in Armenia.
• Pension System Services Pension-related banking services within the Armenian pension system framework.
• Precious Metals Buying and selling of precious metals (bullion) by the bank, with live cash and non-cash rates displayed.
• Insurance Insurance products distributed to individual customers in Armenia.
• Currency Exchange In-branch and online foreign-exchange services for customers in Armenia, with a calculator widget supporting cash and non-cash rates.
• Business Accounts Bank account products tailored to business customers (SMEs and corporates) in Armenia.
• Business Deposits Term deposit products for business customers in Armenia.
• Business Cards Card products tailored for business use (corporate cards) issued to business customers in Armenia.
• Payroll Programs Salary-project service enabling businesses to disburse employee wages through the bank.
• Remote Services (Business) Remote / online servicing tools for business customers in Armenia, complementing the standard Internet Banking portal.
• Payment Terminals and E-Wallets Payment-terminal and electronic-wallet acceptance services operated by the bank for merchant customers in Armenia.
• Business Safe Deposit Boxes Individual safe deposit boxes offered to business clients under the bank's business-banking suite.
• Unsecured Business Loan (up to 15 million AMD) Unsecured business loan product with a ceiling of 15 million AMD, targeted at Armenian SME and corporate business banking customers.

Quantifiable outcome

• Loans available from 13.5% headline rate
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ArCa (Armenian Card)coreTechnology or IntegrationArCa is the national Armenian card payment network whose logo appears on the AMIO Bank homepage footer, indicating a card-issuance and payment-processing technology partnership that underpins the bank's Visa, Mastercard and domestic card products. The relationship is bidirectional: AMIO issues ArCa-network cards and processes transactions through the ArCa switch.
• ABC Finance (Collateral Registry)coreTechnology or IntegrationABC Finance, the Armenian collateral registry referenced via logo on the AMIO Bank homepage footer, is integrated into the bank's lending operations to register and manage collateral for secured credit products (mortgage, car, business loans).
• Financial System Mediator of Armenia (FSM)minorOthersFSM (fsm.am) logo is linked from the AMIO Bank homepage footer, indicating that the bank participates in the official out-of-court financial consumer dispute-resolution framework established by the Republic of Armenia.
• Central Bank of Armenia (CBA)coreOthersCBA issued banking license No. 40 to AMIO Bank on 10.12.1991 and is the prudential supervisor of the bank, as disclosed in the homepage footer ("Բանկը Վերահսկվում է ՀՀ Կենտրոնական բանկի կողմից").

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ameriabank: One of the largest Armenian commercial banks offering retail deposits, consumer/mortgage/auto loans, cards, business banking and digital channels. Directly comparable to AMIO across product mix, customer segments, and Armenian regulatory environment.
• ProCredit Bank Armenia: Development-oriented Armenian bank focused on SME and retail banking with digital channels. Comparable business and retail product mix, especially around SME lending and digital onboarding.
• Ardshinbank: Largest Armenian bank by assets, providing retail and corporate banking, cards, loans, deposits, and mobile/internet banking. Direct competitor with broader scale and similar product breadth as AMIO.
• Converse Bank: Mid-sized Armenian universal bank serving retail, SME and corporate clients with loans, deposits, cards and digital banking. Comparable mid-tier positioning and product suite to AMIO.
• Inecobank: Armenian universal bank offering consumer loans, mortgages, deposits, cards, and digital banking services. Directly comparable mid-sized competitor within the same regulatory and market environment.
• Byblos Bank Armenia: Armenian subsidiary of Byblos Bank Group offering retail and corporate banking, cards, loans, and deposits. Comparable mid-tier domestic franchise competing for the same customer segments.
• VTB Bank Armenia: Armenian subsidiary of Russian VTB Group providing retail deposits, loans, cards, and corporate banking. Competes head-on with AMIO for Armenian retail and SME customers.
• Armeconombank: Established Armenian commercial bank offering retail and business accounts, consumer and mortgage loans, cards, and digital services. Operates in the same domestic market with overlapping customer base.
• Mellat Bank Armenia: Armenian subsidiary of Bank Mellat (Iran) providing retail and corporate banking services. Operates in the same domestic market with overlapping retail and business product offerings.

Emerging players

• Cascade Bank (Armenia): Armenian consumer and micro-lending specialist with digital origination. Adjacent to AMIO's online consumer loan business; competes for similar retail credit demand via digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/amiobankcjsc
• LinkedInlinkedin.com/company/amiobankcjsc
• Instagraminstagram.com/amio.bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARMBUSINESSBANK CJSC