 The bank was established on February 12, 1996.On November 6, 1996 Artsakhbank, Closed joint-stock company was transformed into Artsakhbank, Open Joint-Stock Company, according to the resolution of the Bank’s Shareholders General Meeting.On June 24, 2001 Artsakhbank, OJSC, was reorganized back into Artsakhbank, Closed joint-stock company (CJSC).