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23.02.2015    ARDSHINBANK is recognized as a Best Exchange Member in Government Bonds Market

“Ardshinbank” CJSC is awarded the “NASDAQ OMX” OJSC “Best Exchange Member in Government Bonds Market” award.

award The award was presented to Ardshinbank’s General Treasurer, Movses Eloyan, by the "NASDAQ OMX" OJSC CEO Konstantin Saroyan, during the solemn ceremony, held on 20th of February. This award is granted once a year. According to the results of 2014, the nominations were as following: “Best Exchange Member in Government Bonds Market”, “Best Exchange Member in Credit Resources Market”, “Best Exchange Member in Corporate Securities Market”, “Best Exchange Member in Foreign Exchange market”, “Best Exchange Member in the repo market and swap transactions”, “Best Exchange member 2014”.
Note, that the Ardshinbank was nominated in four categories. As the best member in Government Bonds Market, according to the results of 2014, “Ardshinbank” CJSC received the incentive award, which implies a visit to any exchange office of NASDAQ OMX or attendance to any international conference, for one of the Bank’s commercial participants.

Note, that Ardshinbank has previously received "The Best Exchange Member in Credit Resources Market" Award from NASDAQ OMX Armenia Exchange. According to main financial indicators, the Bank is traditionally among the leaders of the Banking system of the RA. Today, the branch network with its 55 branches, is one of the largest in the RA.



mba12 On 20 January 2015, ARDSHINBANK published its preliminary financial results for the year 2014, continuing to demonstrate a sustainable growth.
By results of the year, the Bank has strengthened its position among the top three of the banking system by all key indicators. Net profit income for the year 2014 has been AMD 4,2bln.
The comparative dynamics of other main financial indicators for 2014 compared to the year 2013 is as follows:

Indicator As of 31/12/14
(AMD, billion)
(AMD, billion)
Growth/decline rate
Assets 369.1 99.8 37.0%
Loan portfolio 220.1 47.9 27.8%
Customer funds 182.8 23.7 14.9%
Total Capital 47.4 3.3 7.4%

As a result of deepening cooperation with international financial institutions, during 2014 the Bank managed to attract additional long term resources of non-treasury origin from the following financial institutions:

Partner-Financial Institution Funding volume (mln $)
CITI syndicated 18.0
J.P. Morgan 75.0
BSTDB 10.0
EDB 10.0

At the end of 2014, the quantity of permanently active customers increased by 1.7% (to around 225 thousand customers).

The complete versions of Ardshinbank CJSC’s financial reports are available here.

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