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FINANCIAL RESULTS OF ARDSHININVESTBANK FOR THE Q1 2014
On 15th April 2014, Ardshininvestbank published its quarterly financial results continuing to demonstrate a sustainable growth.
The comparative dynamics of main financial indicators for Q1 2014 compared to the year end of 2013 is as follows:
|| As of 31/03/14
| Growth rate
| Loan portfolio including
| Loans to individuals
| Customer funds
| Total Capital
As of Q1 2014 net profit of the Ardshininvestbank amounted to AMD 1.5 billion outperforming the result of the comparable period of the last year by 1.5 times.
As a result of deepening cooperation with international financial institutions, the Ardshininvestbank has signed a USD 18.0 million syndicated loan agreement with Citibank. The transaction represents the first syndicated deal for the Armenian financial institution in the bank loan market without multilateral agency support, having attracted significant interest from both - regional and international banks.
During Q1 2014 the number of permanently active customers increased by more than 2000 customer totaling to around 223000 customers.
The complete version of “Ardshininvestbank” CJSC’s financial reports is available here .
“Anelik” International Money transfer system is now available at Ardshininvestbank
From now on Ardshininvestbank offers its customers another money transfer system, which will be available in all 56 sales points of the bank in Armenia and the Republic of Nagorno Karabagh.
The system allows sending and receiving money transfers to Europe, USA and CIS countries in US Dollars, Euros and Russian Rubles. According to the special agreement reached with “Anelik” System it will be possible to receive and send transfers via Ardshininvestbank with the commission fee as low as 0,5%. The sender pays the commission fee for transfers, and the funds become available to the recipient without any additional charges, right after the transaction has been made.
Traditionally, Ardshininvestbank is among the leaders in the Armenian banking system by key financial indicators, including those of international money transfer systems. With the launch of “Anelik” system, Ardshininvestbank now involved in servicing of the full array of the leading money transfer systems including Avers, IntelExpress, Sigue, MoneyGram, Anelik, UniStream, Ria and Bistraya Pochta.
You can find more information on locations of Ardshininvestbank branches by the following the link: Branch network
PROMOTION FOR ARDSHININVESTBANK’S CUSTOMERS USING MONEY TRANSFER SYSTEMS
Starting from April 1 till June 30, 2014 for 3 months continuously Ardshininvestbank launches a promotion for the customers using money transfer systems, in frame of which each 500th customer sending or receiving transfer via Avers, IntelExpress, Sigue, MoneyGram, Anelik, UniStream, Ria and Bistraya Pochta money transfer systems will get 20,000 (twenty thousand) AMD.
“We constantly aim to provide our customers with high quality services. Customers using the services of Ardshininvestbank along with the high quality service are expected to receive pleasant surprises. Since the Bank daily serves more than 1000 customers using money transfers, we will have a customer receiving the amount in the frame of mentioned offer each day", mentioned Arthur Gyulazyan - Director of Retail Business of Ardshininvestbank.
Avers, IntelExpress, Sigue, MoneyGram, Anelik, UniStream, Ria and Bistraya Pochta money transfer systems are served in all 55 branches and headquarters of Ardshininvestbank.
Find the list of all branch addresses by the following link: Branch network
Ardshininvestbank CJSC US$18,000,000 Syndicated Term Loan Facility
LONDON, YEREVAN - Citi (the “Co-ordinator”, “Bookrunner” and “Initial Mandated Lead Arranger”) has successfully closed and signed a US$18 million syndicated term loan facility (the “Facility”) for Ardshininvestbank CJSC in Armenia. Bank ZENIT (Open Joint Stock Company), Federated Investors, London Forfaiting Company Ltd and VTB Bank (Deutscheland) AG, were Joint Lead Arrangers. Atlantic Forfaitierungs AG and OJSC Promsvyazbank also joined the facility as Lenders.
The transaction represents the first syndicated deal for an Armenian financial institution in the bank loan market without multilateral agency support. Ardshininvestbank’s debut syndicated facility closed oversubscribed attracting significant interest from both regional and international banks. The proceeds of the transaction will be used to support the borrower’s trade related needs. The unsecured Facility will have a tenor of one-year, with a bullet repayment on maturity.
About the Borrower:
Founded in 2002, Ardshininvestbank is the third largest bank of the Armenian banking system by assets (US$668mm) as at Q4 2013. Ardshininvestbank serves its customers (c.220k) through its 1,081 employees, 55 branches (second largest branch network) and 92 ATMs as at Q4 2013. The borrower is primarily engaged in corporate and SME banking with a 69% share of total net loan portfolio as of Q4 2013. Ardshininvestbank is 97.23% owned by Center of Business Investments LLC and 2.77% by management. The Borrower holds market shares of 9.2%, 9.6% and 9.4% in banking sector’s assets, loans and deposits respectively as at Q4 2013.
Additional information may be found at
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at
London: Dymityr Fedenczak + Tel: +44 20 7986 6009 email@example.com
The re-opening ceremony of renovated, modernized and tailored for a more comfortable customer servicing - “Ashtarak” branch of “Ardshininvestbank” CJSC took place in town of Ashtarak on 04.02.14.
The Ardshininvestbank’s “Ashtarak” branch is located on 25/33 N. Sisakyan Street, in town of Ashtarak.
The ceremony was attended by the Chairman of Management Board Mher Grigoryan, the Governor of Aragatsotn region Sargis Sahakyan, the Mayor of Ashtarak Armen Antonyan, Bank’s customers and management.
Mher Grigoryan mentioned that the reopening of the renovated “Ashtarak” branch is one of the steps within complex action plan aiming at expansion and modernization of all sales points throughout the whole country.
“Paying special attention to our activity in regions of Armenia, the Bank is committed to developing its branches in regions along with the branches in the capital city. During the last two years, many branches were renovated, reaching the standards of good service quality for its customers in Yerevan as well as in number of regions. The most important target for us is to ensure high quality of services we offer” emphasized Mher Grigoryan.
A number of complex steps on optimization of customer service procedures, modernization and full technical re-equipment of working places at its sales points were performed by the Bank as well as the branch interior was brought to compliance with the brand style of “Ardshininvestbank” CJSC.
By the key financial indicators, the Bank is traditionally among the leaders in the Armenian banking system. Nowadays, the Bank’s branch network is one of the largest in the country, comprising 55 branches.
FINANCIAL RESULTS OF ARDSHININVESTBANK FOR THE YEAR 2013
On 15th January 2014, ARDSHININVESTBANK published its preliminary financial results for the year 2013, 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.
The comparative dynamics of main financial indicators for 2013 compared to the year 2012 is as follows:
|| As of 31/12/13
| Growth rate
| Net income
| Loan portfolio
| Customer funds
| Total Capital
As a result of deepening cooperation with international financial institutions, during 2013 the Bank managed to attract additional long term resources of non-treasury origin from the following financial institutions:
| Partner-Financial Institution
|| Funding volume
|World Business Capital (WBC)
||$ 10.0 mln
|Asian Development Bank (ADB)
||$ 6.0 mln
||€ 2.9 mln
||$ 2.3 mln
||$ 1.2 mln
||€ 0.5 mln
At the end of 2013, the quantity of permanently active customers increased by 19.4% (to around 221 thousand customers).
Meanwhile, the sustainable growth of the Bank has recently been affirmed by Moody’s Investors Service, which raised the outlook of the Bank’s ratings to “stable”.
The complete version of “Ardshininvestbank” CJSC’s financial reports is available here.