When was Ardshinbank founded?

Ardshinbank was founded in 2002 and raised its 1st funding round 16 years after it was founded.

Where is Ardshinbank located?

Ardshinbank is headquartered in Yerevan, Armenia.

Who is the current CEO of Ardshinbank?

Safaryan Karen Souren of Ardshinbank.

How many employees does Ardshinbank have?

As of Aug 31, 2026, the latest employee count at Ardshinbank is 1044.

Is Ardshinbank a funded company?

Ardshinbank is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on May 08, 2018.

When was the latest funding round of Ardshinbank?

Ardshinbank's latest funding was a $***** Series A round on May 08, 2018, with participation from 2 investors.

Where does Ardshinbank rank among its competitors?

Ardshinbank ranks 6th amongst 18 active competitors, only 1 of which is funded. Evocabank, which secured $30M in Oct, 2025.

Who are the top competitors of Ardshinbank?

Ardshinbank's top competitors include Ameriabank, Scotiabank and Evocabank. Among them, Evocabank secured the most recent funding round in October, 2025.

Ardshinbank - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: ardshinbank.am
Social
Email ID: *****@ardshinbank.am, *****@ardshinbank.am
Phone Number: +374 **********, +374 **********

Key Metrics

Founded Year

2002

Location

Yerevan, Armenia

Stage

Series A

Total Funding

$10M in 1 round

Latest Funding Round

Series A, May 08, 2018, $*****

Investors

Commerzbank & 1 more

Ranked

6^th among 18 active competitors

Employee Count

1,044 as on Aug 31, 2026

Investment & Acquisitions

Areximbank

Similar Companies

Standard Chartered & 20477 more

View Ardshinbank's full profile

Ardshinbank has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on May 08, 2018 for $*****. 2 investors participated in its latest round. Ardshinbank has 2 institutional investors.

Here is the list of recent funding rounds of Ardshinbank:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 08, 2018	2945878	Series A	8183839	7491898	4634277	8950509

Access funding benchmarks and valuations. Sign up today!

View details of Ardshinbank's funding rounds and investors

Ardshinbank's employee count trend

Ardshinbank has 1,044 employees as of Aug 26. Here is Ardshinbank's employee count trend over the years:

Uncover Ardshinbank's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Ardshinbank include Ameriabank, Scotiabank and Evocabank. Here is the list of Top 10 competitors of Ardshinbank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ameriabank 1992, Yerevan (Armenia), Acquired	Commercial bank	$70M	FMO, EBRD & 4 others	75/100
2nd	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	70/100
3rd	Evocabank 1990, Yerevan (Armenia), Funding Raised	Commercial bank	-	OPEC Fund, EFSE & 1 others	55/100
4th	ARMECONOMBANK 1991, Yerevan (Armenia), Early Stage	Commercial Bank	$10M	FMO, Invest in Visions	51/100
5th	ACBA-Credit Agricole Bank 1996, Yerevan (Armenia), Late Stage	Provider of banking and financial services to individuals, businesses, and farmers	$15M	FMO, Triodos Investment Management & 3 others	50/100
6th	Ardshinbank 2002, Yerevan (Armenia), Series A	Commercial Bank	$10M	Commerzbank, Asian Development Bank	47/100
7th	Araratbank 1991, Yerevan (Armenia), Funding Raised	Commercial Bank	-	Incofin Investment Management, Triodos Investment Management ... & 4 others	45/100
8th	InecoBank 1996, Yerevan (Armenia), Funding Raised	Commercial bank	-	Microfinance Enhancement Facility, Equator Capital Partners ... Read more	45/100
9th	IDBank 1990, Yerevan (Armenia), Unfunded	Commercial Bank	-	-	36/100
10th	Unibank 2001, Yerevan (Armenia), Funding Raised	Commercial bank	-	FMO	36/100