Evocabank

Evocabank (previously known as Prometey Bank), is an Armenian commercial bank with headquarters in Yerevan. The bank provides fast, simple, innovative services and stands out by active use of the latest information technologies.

EVOCABANK

Evocabank's headquarters in Yerevan, Armenia.
Type	Closed joint-stock company
Industry	Banking, Financial services
Founded	1990 (1990), Yerevan, Armenia
Founder	Simon Gevorgyan
Headquarters	Yerevan , Armenia
Key people	Karen Yeghiazaryan (Chairman of the Management Board)[1]
Services	Credit cards, Time deposits, retail banking, commercial bank, mortgage loans
Owners	Prometey City LLC (96%) Other physical persons (4%)
Number of employees	331 (2019)
Website	www.evocabank.am

The bank is jointly owned by Prometey City LLC and other 15 physical persons.[2]

Bank's focus is on developing mobile services.

The Bank works in mobile-first format, taking into account convenience of using it via app first when designing a new service.

Evocabank has the most popular page in Instagram[3] among banks in Armenia with more than 16,900 subscribers.

Evocabank also actively interacts with clients via Facebook[4] (more than 80 000 subscribers).

History

Head office of Evocabank

• 1990: The Bank was founded as “Prometheus Commercial Bank".
• 2000: Accessed the S.W.I.F.T. system.
• 2005: Became a shareholder of "Armenian Card" CJSC, and a full member of "ArCa" payment system.
• 2006: The Bank was granted the status of an affiliated member of the "MasterCard Europe" system. The Bank started issuing "Maestro", "MasterCard Standard", "MasterCard Gold", "MasterCard Business" banking cards.
• 2008: The Bank issued its own bonds which were privately placed.
• 2012: Accession to "UNIStream" money transfer system. "Global Finance" reputable magazine, the 2-nd consecutive year, selected the Bank as one of the World's Best Sub-Custodian Banks in 2012 and the "Best Sub-Custodian Bank" of Armenia.
• 2017: The bank has been renamed to Evocabank, changing its strategy and business model, and moving to mobile-first format. Joined in VISA payment system. Introduced SingleTOUCH online loan.
• 2018: Global Finance magazine named Evocabank The Best Consumer Digital Bank in Armenia for the second year in a raw. ArCa-MIR Card and Shopping Card were introduced. On the occasion of May holidays, a fastive open-air concert was organized.
• 2019:Evocabank Board Deputy Chairman Karen Yeghiazaryan has been appointed Chairman of the Board. Visa Infinite card has been presented. Bank became the general sponsor of Eurovision 2019 broadcasting.

Branches

Evocabank continuously improves its services, making lives of people more comfortable.

Yerevan, Armenia

• "Head office": 44/2 Hanrapetutyan
• "Paronyan" branch: 15/3 Paronyan Street.
• "Kasyan" branch: 5 Kasyan Street.
• "Tumanyan" branch: 10 Tumanyan Street.
• "Azatutyan 12" branch: 12 Liberty Avenue.
• "Garegin Nzhdeh" branch: 9 Garegin Nzhdeh Street.
• "Davtashen" branch: 32/8 Tigran Petrosyan Street.
• "Erebuni" branch: 76 Gajegortsneri Street.
• "Kievyan" branch: 2 Kievyan Street.

Abovyan, Armenia

• "Kotayk" branch: 1/2 Ogostosi 23 Street.

Gyumri, Armenia

• "Gyumri" branch: 63/1 Rustaveli Street.

Vanadzor, Armenia

• "Vanadzor" branch: 34 Gr. Lusavorich Street.

Corporate Social Responsibility

Evocabank pays significant importance to social responsibility, seeing its role beyond financial functions and banking products sale. It provides ongoing support to the development of the latest technologies, startups and innovative initiatives, and carries out various initiatives promoting educational, scientific and cultural initiatives of the youth.

References

1. "Bank management". Evocabank.am. Retrieved 30 September 2019.
2. "General information". Evocabank.am. Retrieved 30 September 2019.
3. "Instagram".
4. "Facebook".