Regulatory Alerts2025-04-18 | 8230Revoking the Banking Activity License No. 67 Issued to “Ardshininvestbank”, a Closed Joint-Stock Company (formerly “HSBC Bank Armenia” CJSC)
The Central Bank of the Republic of Armenia Board has revoked Banking Activity License No. 67 from Ardshininvestbank CJSC (formerly HSBC Bank Armenia) following a voluntary merger request submitted in mid-April 2025. This resolution formalizes the transfer of operations to Ardshinbank CJSC, aligning with the newly registered charter and the Governor's decision to terminate the acquired bank's activities. The regulatory measure takes effect upon proper notification to Ardshinbank, concluding the transaction under established Armenian banking merger procedures.
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