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HISTORY

From the Yerevan branch of the Tbilisi Commercial Bank to the Kamar Business Center

HISTORY OF BUILDING FOUNDATION

In 1910 with the permission of Yerevan’s chief architect Boris Mehrabyan, the new building for the Erivan Branch of Tiflis Trade Bank was built on Ter-Ghukasyan Street, opposite the Russian Orthodox Church and it was designed by a prominent architect Michael Ohanjanov.

The bank building’s architecture was in line with the general appearance and atmosphere of the neighboring Russian Cathedral complex square of those years.

The newly formed bank had an initial capital of 500,000 Rubles (currently equivalent to more than USD 20 mln) issued in 2,500 shares with nominal value of 200 Rubles per share.

The new building was harmonious with the square overall and with the majestic St. Nikolai Church located opposite to it.

CENTENNIAL HISTORY OF THE BUILDING

The preliminary plan for the new building of the Erivanyan branch included the two-story main building on Ter-Ghukasyan Street. Later, a new street was added to the project on Bazarnaya (now Khorenatsi) Street. The result is a G-shaped building on the street corner.

The accounts ledgers at the Erivan branch of the Caucasus Bank.

The Communal Bank of Armenia, the Armenian office of Shinbank, the Armenian office of the USSR Foreign Trade Bank, the Republican branch of the USSR Foreign Economic Bank, the "Armenian Import-Export Bank" CJSC, "Armimpexbank" CJSC, which later operated in this famous building. in 2008 was renamed "Ameriabank" CJSC. The master plan of Yerevan was developed by architect Alexander Tamanyan in 1924. In the conditions of the rapidly growing economy of the republic, the construction of new civil structures becomes necessary, in particular the construction of buildings for banks. The idea of building an agricultural bank building belongs to Alexander Tamanyan. Under his leadership, a special commission is set up for the construction of the Village Bank. 1926 A contract is signed between the famous architect Buniatov "Agricultural Bank" for the design of the bank building. 1927 The construction of a dormitory building for the bank employees also begins.

Prior to the fall of Tsarist Russia, the Erivan branch of the Tbilisi Commercial Bank was engaged not only in its main functions but also in the supply of new specialists.

The "black house" and The gray pearl of Yerevan

The building of the Communal Bank և The Gray Pearl of the Rural Bank of Yerevan has been serving various respectable institutions for many years, always remaining in the center of attention of the people of Yerevan.

WE’LL BUILD THE NEW BY PRESERVING THE OLD!

HERITAGE FOR NEW GENERATIONS

Time has left an irreversible mark on these glorious structures, undermining their foundations, distorting their original appearance, so that the infrastructure of the buildings no longer met the modern technological requirements. Recognizing the historical and architectural significance of the buildings, the need to preserve them and the mission of passing them on to future generations, the authors of the Kamar Business Center project have initiated the reconstruction of the city's first banks with all responsibility and care, preserving the old and building the new.

BRINGING THE OLD AND THE NEW

It is our pleasure to present to you the "Bridging the Old and the New" e-book.

READ THE BOOK