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ABOUT US | Bank history Last update
19.02.2010
10:13
| Full name |
Bank for Industry, Construction and Investment Closed Joint-Stock Company |
| Short name |
«Ardshininvestbank» CJSC |
| History |
2003 |
Was registered by the decision of the RA Central Bank Board (license N 83) |
| |
Acquired a significant part of assets and liabilities, as well as wide branch network |
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Acquired the main business share of Armagrobank along with its infrastructure
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2004 |
Participant of Security market (on the basis of permanent tripartite agreements #19/200941 and #19/200942 signed between Ardshininvestbank, RA Central Bank and RA Ministry of Finance and Economy)
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2005 |
Dealer for Treasury bills issued by the RA Central Bank (on the basis of
agreement #19/250555 signed with the RA Central Bank)
Participant of "Armenian Stock Exchange" Self-regulatory Organization (present "NASDAQ OMX Armenia")
Participant of foreign exchange trading organized at the Armenian Stock Exchange (present "NASDAQ OMX Armenia") |
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2007 |
The International Finance Corporation, a member of the World Bank Group, acquired a significant participation in the Bank’s Charter Capital.
Insured its risks, particularly:
- RI - responsibility insurance,
- D&O - director's and officials' responsibility insurance,
- BBB - banking risk comprehensive insurance,
- PI - property insurance,
- CC - insurance against electronic and computer crimes.
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2008 |
Became an agent in the Armenian market of medium- and long-term coupon bonds.
Moody's international rating agency awarded the Bank a "Ba3" long-term and "NP" short-term ratings, financial stability was assessed "D-".
The economic outlook for all ratings is stable.
The first registered coupon bonds were issued at the amount of AMD 1.5 billion.
Became a member of the Armenian Stock Exchange
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2009 |
Ratings revision by Moody's international rating agency:
- long-term "Ba2" and short-term Not Prime for deposits in national currency,
- long-term "Ba3" and short-term Not Prime for deposits in foreign currency.
Financial stability ("BFRS") "D-".
Repayment of the first issue of coupon bonds.
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| Established by |
"Rasco-Armenia" CJSC
"Center for Business Investments" LLC
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| The Shareholders |
"Center for Business Investments" LLC
International Financial Corporation
"International Business Center" Joint Venture CJSC
Individuals
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| Participation in loan programs |
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World Bank programs for
– Assistance to Agricultural Reforms
– Development of Enterprises
International Migration Organization
National Center for Small and Medium Business Development in Armenia
Urban heating and energy saving projects of the German-Armenian Fund
International fund for Agricultural Development
– Economic development of rural areas
– Rural entrepreneurship and small commercial farming development project
Sustainable market development of home financing
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| Membership and stockholding |
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Member of Armenian Bank Union, Armenian-Georgian Business Cooperation Association, ArCa payment system, "NASDAQ OMX Armenia" OJSC, the Union of Armenian mortgage market
Affiliated member of MasterCard/Europay international payment system
Full member of VISA International payment system
Shareholder of SWIFT system, ArCa payment system
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| Awards |
2005 |
The Citigroup Quality Recognition Award on US dollar payments sent to Citibank, New York |
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2005/2006 |
The Diploma of the Ministry of Finance and Economy and the RA Central Bank on best dealer in Armenian internal public debt management |
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2009 |
A certificate by MoneyGram money transfer system to certify as the most trusted bank |
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