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18.12.2014    The Spitak branch of Ardshinbank CJSC was reopened

The opening ceremony of the renovated Spitak branch of Ardshinbank CJSC took place on December 17, 2014 in Spitak, 6 Suren Avetisyan street. The Director of retail business Mr. Arthur Gyulazyan congratulated the branch employees, customers and guests on occasion of the branch opening.
In particular, he noted: "The launch of the renovated Spitak branch is the next stage of the program of development and improvement of the branch network of the bank."

branch branch branch
A number of complex activities aimed at optimization of customer service procedures, modernization and full technical re-equipment of working places and sales points were carried out, as well as the branch interior was brought in compliance with the brand style of the Bank.


Note that Ardshinbank CJSC is traditionally among the leaders of the banking system of RA by the key financial indicators and its branch system comprising 55 branches is one of the largest in the country.

10.12.2014    Ardshinbank CJSC issued inaugural bonds in the international financial markets

 mba12 9 December 2014, "Ardshinbank" CJSC ("Ardshinbank") raised USD 75 million from the international capital markets through a Reg S only senior unsecured private placement. The transaction marks the inaugural note offering for Ardshinbank and represents the first offering of its kind from any private sector entity in the Republic of Armenia, successfully following the sovereign’s own inaugural benchmark bond transaction in late 2013.
Ardshinbank made the amortising 3 year LPN (Loan Participatory Note) placement with the help of J.P. Morgan Securities plc., which acted as the sole-lead manager for the transaction. Moody’s provisionally rated the issuance Ba2 with stable outlook. The notes are listed on the Vienna Stock Exchange and clear through Euroclear and Clearstream. The proceeds of the offering will be used to support Ardshinbank’s planned expansion strategy, one of its main corporate goals.
Ardshinbank’s management was very pleased with the final results of this inaugural bond issue and the level of interest from the international investor community. On this occasion, Mr. Mher Grigoryan, the CEO of Ardshinbank noted - "We are proud that Ardshinbank is the first non-sovereign in Armenia to have placed bonds in the international capital markets. This is a remarkable step not only for our bank, but also for our country, as this issuance helps put Armenian private sector on the map of international financial markets".


Established in 2002, Ardshinbak is one of the leading banks in Armenia. It has a large distribution network with over 55 branches all over the country and a strong Corporate, SME and Retail customer base. It has a Ba3 rating with Stable Outlook from Moody’s. In the beginning of 2014, Ardshinbank has also raised USD 18 million in a syndicated loan, becoming the first bank in Armenia to have closed such a transaction without multilateral agency support.


REUTERS about us

05.12.2014    Chairman of the Management Board of Ardshinbank CJSC Mher Grigoryan`s interview to the British magazine “The Banker”

 

inter
Interview

03.12.2014    “Ardshinbank” CJSC’s “Erebuni” branch was reopened

The opening ceremony of the renovated “Erebuni” branch of “Ardshinbank” CJSC took place on December 2, 2014 in Yerevan, 24 Tigran Mets street.
The Director of retail business Mr. Artur Gyulazyan congratulated the branch employees, customers and guests on occasion of the branch opening. In particular, he noted that "The launch of the renovated “Erebuni” branch is the next stage of the program of development and improvement of the branch network of the bank."

branch branch branch

A number of complex activities aimed at optimization of customer service procedures, modernization and full technical re-equipment of working places and sales point were carried out, as well as the branch interior was brought in compliance with the brand style of the Bank.


Note that Ardshinbank CJSC (Ardshininvestbank CJSC has been renamed to Ardshinbank CJSC since 13 November, 2014) is traditionally among the leaders of the banking system of RA by the key financial indicators and its branch system comprising 55 branches is one of the largest in the country.

28.11.2014    Ardshinbank CJSC - Bank of the Year 2014 in Armenia

Ardshinbank CJSC was awarded the Bank of the Year 2014 in Armenia by “The Banker” magazine of the prestigious Financial Times in Award held in London on November 27.
In connection with receiving the "Bank of the Year" award the Chairman of the Management Board of Ardshinbank CJSC Mher Grigoryan noted:
"The achievements of the Bank, recognized by “The Banker" magazine, are an important proof of the bank’s being on the right path of development."
This has been, above all, achieved through successful implementation of the best international banking practices to the benefit of our customers that contributed to further strengthening of our leading positions in the Armenian banking system.

REFERENCE
Over 15 years the British prestigious magazine "The Banker" carries out an annual evaluation of results of activity of the worldwide best financial institutions. Every year the competition is attended by bank executives from more than 150 representative countries.

25.11.2014    Transfers with 0% tariff

"Ardshinbank" CJSC in cooperation with "IntelExpress" money transfer system starting from December 2, 2014 till March 2, 2015 launches the promo in the frame of which Ardshinbank offers to its customers to make transfers from Armenia to the UK with 0% tariff.
This opportunity gives an additional comfortably for our customers and meets to their growing demand on financial services.
Receiving the money is free of charge for Receiver and it is available instantly after it was sent.
Besides IntelExpress, Ardshinbank in its all 56 service points serves also the following remittance systems Avers, Anelik, Unistream, MoneyGram, RIA, Быстрая Почта and Sigue, which also offers competitive tariffs and a wide geography of service points.
You can find the addresses of "Ardshinbank" CJSC branches by the following link.


Ardshininbank has 50 service points in Armenia, 6 in NKR and a representation in Paris.

20.11.2014    Ardshinbank CJSC is the main sponsor for world famous jazz legend Herbie Hancock’s concert

Jazz


www.facebook.com/events/336609926520987/

www.youtube.com/watch?v=OrYZfwUKfEk&feature=youtu.be

19.11.2014    Ardshinbank CJSC’s Artik branch was reopened

The opening ceremony of the renovetd Artik branch of Ardshinbank CJSC took place on November 18, 2014 in Artik in 1 Azatutyan square.
The Chairman of the Management Board of Ardshinbank Mher Grigoryan congratulated the branch employees, customers and guests on occasion of the branch opening.
In particular, he noted that "The launch of the renovated Artik branch is the next stage of the program of development and improvement of the branch network of the bank."

branch branch
A number of complex activities aimed at optimization of customer service procedures, modernization and full technical re-equipment of working places and sales point were carried out, as well as the branch interior was brought in compliance with the brand style of the Bank.

Note that Ardshinbank CJSC (Ardshininvestbank CJSC has been renamed to Ardshinbank CJSC since 13 November, 2014) is traditionally among the leaders of the banking system of RA by the key financial indicators and its branch system comprising 55 branches is one of the largest in the country.

17.11.2014    “Ardshininvestbank” CJSC is renamed as “Ardshinbank” CJSC and launches its rebranding process

BSTDB
“Ardshininvestbank” CJSC, one of the leading banks in Armenian banking market, announced the launch of a full-scale rebranding from December 24 of the current year. Mher Grigoryan, Chairman of the Management Board of the Bank commented on this:
“Ardshininvestbank being at present a large Armenian bank, continues realizing its strategic development plan and rebranding campaign is launched in the scope of this plan. By creating a new image we strove to incorporate key values and philosophy of the Bank in it – many years’ experience, use of innovative technologies and continuous strive towards exceeding our customers’ expectations. Our new style is universal based on the principles of simplicity and comfort. It is modern, light and memorable. The color gamut combines colors traditional for the Bank during many years. The new image confirms that the Bank is sound and accessible. We are confident that this initiative will be welcomed by our customers whose opinion is of great importance for us. We are strong together!
“Ardshininvestbank” CJSC was registered in February 2003. In March-May of the same year the Bank has acquired significant part of healthy assets and liabilities of then system-forming “Ardshinbank” OJSC together with its branch network. In November of the same year the Bank acquired a significant part including branch network of “Agrobank” OJSC. However “Ardshininvestbank” CJSC was not and is not the assignee of liquidated “Ardshinbank” OJSC and “Agrobank” OJSC.

Ardshininvestbank is one of the leading banks in Armenia and has a large distribution network with over 55 branches all over the country. For additional information please visit www.ashib.am or call +374 (10) 59 04 04.

“Ardshinbank” CJSC

12.11.2014    Ardshininvestbank and Eurasian Development Bank have signed a USD 10 million loan agreement

On November 11, 2014 Eurasian Development Bank and Armenian Ardshininvestbank have signed a loan agreement in Moscow. Loan proceeds in amount of USD 10 million will be channeled to the financing of projects implemented by small- and medium-sized enterprises in all regions of the Republic of Armenia. The selection of clients will be made according to criteria agreed with EADB.
The completion of the project will contribute to the creation and development of favorable conditions for sustainable growth of small- and medium-sized businesses, enhancement of competitive environment and improvement of competitiveness of SMEs in internal and external markets.
“I highly value the fact, that the funds provided by EADB will contribute to the development of Armenian private sector due to increased access to long-term financing for SMEs. Today EADB unites its forces with one of the largest financial institutions which has strong positions in the local market and serves among other clients small-, micro- and medium-sized enterprises. Signing of this agreement is a good start for cooperation between EADB and Ardshininvestbank which will certainly have tendency to strengthen and evolve,” said Mher Grigoryan, Chairman of the Management Board of Ardshininvestbank.

BSTDB
“Development of small- and medium-sized enterprises is a key condition for overall development of economy, and we are confident that this project will have a positive impact on this process, - mentioned Dmitry Krasilnikov, Deputy Chairman of the Management Board of EADB, - moreover according to EADB’s strategy for 2013-2017 the financing of banking sector for on-lending to SMEs is one of the priority directions of the Bank’s investment activity in Armenia”.


Established in 2002, Ardshininvestbank is one of the leading banks in Armenia and has a large distribution network with over 55 branches all over the country and a strong SME customer base. For additional information please visit www.ashib.am or call +374 (10) 59-04-04.

Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in 2006 with the aim of facilitating the development of market economies, sustainable economic growth and the expansion of trade and other economic ties in its member states. EADB’s charter capital exceeds USD 1,5 billion. Member-states of the Bank are Republic of Armenia, Republic of Belarus, Republic of Kazakhstan, Kyrgyz Republic, Russian Federation and Republic of Tajikistan. For more information about the Bank, please visit www.eabr.org.

05.11.2014    ARDSHININVESTBANK AND THE BLACK SEA TRADE AND DEVELOPMENT BANK HAVE SIGNED A USD 10 MILLION LOAN AGREEMENT

Ardshininvestbank and Black Sea Trade and Development Bank (BSTDB) signed a second loan agreement on 4th November, 2014 aiming at provision of funds equivalent of USD 10 million for small- and medium-sized enterprises (SMEs) on-lending in Armenia. Thus, the total funding provided by BSTDB to ASHIB will amount to USD 18 million.
“This is the second operation between Ardshininvestbank and BSTDB, which speaks of the mutual trust that was established between our institutions. The proceeds of the new loan will be channeled to the financing of local SMEs as ASHIB’s target group of customers. ASHIB will continue its strategy of contributing to the fostering of the SME sector in the Republic of Armenia by providing long-term loans on competitive terms”, said Mher Grigoryan, Chairman of the Management Board of Ardshininvestbank.

BSTDB
“Supporting the development of SMEs, especially in the real sector of the economy, is BSTDB’s strategic priority in Armenia agreed with the Government. The new facility will enhance the competitiveness of Armenian SMEs in the current economic setting when access to finance remains constrained”, said Ihsan Ugur Delikanli, BSTDB President, at the loan signing ceremony in Yerevan.
The operation builds up on the successful cooperation between the two banks started in 2012, when BSTDB extended a loan for mortgage financing.
Since the start of its operations in 1999, BSTDB has cumulatively disbursed EUR 120 million in Armenia, largely focused on the SME sector development.


Established in 2002, Ardshininvestbank is one of the leading banks in Armenia and has a large distribution network with over 55 branches all over the country and a strong SME customer base. For additional information please Facebook: www.facebook.com/ardshininvestbank or call +374 (10) 59-04-04.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org or www.bstdb.org/news-and-events/press-releases.

30.10.2014    Ardshininvestbank reopens its new and reconstructed Shengavit Branch

Reopening of the modern, reconstructed and convenient “Shengavit branch of ‘Ardshininvestbank’’ CJSC took place on 29th of October 2014 at Yerevan, 32 Garegin Njdeh street, Yerevan.
Reopening of Shengavit branch is another step in the complex activities of renovation and expansion of the bank services.
Guests, customers and Bank Senior Management were present at the event.

 Shengavit  Shengavit
 Shengavit  Shengavit  Shengavit
The Chairman of the Management Board of the Bank Mr. Mher Grigoryan congratulated the customers and guests with the reopening of the branch. He particularly mentioned, that
operation of ‘Shengavit’’ branch in modernized conditions is one of the steps concentrated on branch network development and improvement. Several complex activities have been implemented related to optimization of customer service operations, modernization and technical upgrading of workplaces and service zones, furthermore the interior of the branch has been adapted to the corporate style of ‘Arshininvestbank” CJSC.
Traditionally, according to the basic indicators ‘Ardshininvestbank’’ CJSC is among the leaders of the banking system of the RA. Today the branch network of ‘Ardshininvestbank’’ CJSC with its 55 branches is one of the largest in the RA.

10.09.2014    The re-opening ceremony of renovated, modernized and tailored for a more comfortable customer servicing - Jermuk branch

The re-opening ceremony of renovated, modernized and tailored for a more comfortable customer servicing - “Jermuk” branch of “Ardshininvestbank” CJSC took place in town of Jermuk on 09.09.14.
The Ardshininvestbank’s “Jermuk” branch is located on 1/2 Gorcaranain Street, in town of Jermuk, region of Vayots Dzor.
The ceremony was attended by the Chairman of Management Board Mher Grigoryan, the Mayor of Jermuk Vardan Hovhannisyan, Bank’s customers and management.

 Jermuk  Jermuk Jermuk
Mher Grigoryan mentioned that the reopening of the renovated “Jermuk” 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.

17.07.2014    FINANCIAL RESULTS OF ARDSHININVESTBANK FOR THE FIRST SEMESTER OF 2014

Ardshininvestbank published its financial results for the first semester of 2014 continuing to demonstrate a sustainable growth.
The comparative dynamics of main financial indicators for the first semester of 2014 compared to the year end of 2013 is as follows:

Indicator As of 30/06/14
(AMD, billion)
Increase
(AMD, billion)
Growth rate
Assets 275.3 6.0 2.2%
Loan portfolio 183.5 6.4 3.6%
Customer funds 180.9 21.7 13.7%
Total Capital 45.8 1.7 3.9%

During the first semester of 2014 net profit of Ardshininvestbank amounted to AMD 2.8 billion outperforming the result of the comparable period of the last year by 36.2%.
As a result of deepening cooperation with international financial institutions, 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 the first semester of 2014 the number of permanently active customers increased by 3 300 customers totaling to more than 224 000 customers.

The complete version of “Ardshininvestbank” CJSC’s financial reports is available  here.

04.06.2014    Launch of Dilijan Development Fund and meeting with UWC Dilijan College students

On 1st June, “Development Initiative in Armenia” (IDeA) and Dilijan Development Funds supported and participated in organization of an event dedicated to International Children՛s Day in Dilijan. On the same day by the initiation of UWC Armenian National Committee Armenian students of UWC met the Management and sponsors of UWC Dilijan College.

dilijan dilijan dilijan

Mher Grigoryan, the Chairman of the Management Board of sponsor company “Ardshininvetsbank”, was also among the participants. Mher Grigoryan highlighted the importance of the charity fund and UWC Dilijan Collage activity, created by Ruben Vardanyan and Veronica Zohrabyan for the purpose of implementation of long-term projects in Armenia and in Artsakh.

08.05.2014    World famous Charles Aznavour’s unique concert in Armenia

The famous singer will give a concert dedicated to his 90th anniversary. The concert will take place on 12th of May in the sport and concert complex named after Karen Demirchyan.

The concert is held under the presidents of French Republic- Francois Hollande’s and Armenian Republic-Serge Sargsyan’s high patronage.

 

 

The main sponsor Ardshininvestbank.
We are strong together!

28.04.2014    FINANCIAL RESULTS OF ARDSHININVESTBANK FOR THE YEAR 2013

On 26th April 2014, the General Meeting of Shareholders of “ARDSHININVESTBANK” CJSC approved financial results for the year 2013, audited by KPMG Armenia CJSC.
Comparative dynamics of the main financial indicators for the year ended 2013 compared to the year 2012 demonstrates a sustainable growth:

Indicator As of 31/12/13
(AMD, billion)
Increase
(AMD, billion)
Growth rate
Net profit 6.4 2.2 51.7%
Assets 269.3 70.8 35.7%
Loan portfolio 172.3 39.5 29.8%
Customer funds 159.2 44.7 39.1%
Total Capital 44.1 8.3 23.1%

As a result of deepening cooperation with international financial institutions during 2013, the Ardshininvestbank 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 млн
Asian Development Bank (ADB) $ 6.0 млн
Atlantic Forfaitierungs € 2.9 млн
Citibank $ 2.3 млн
Rosselkhozbank $ 1.2 млн
Landesbank € 0.5 млн

At the end of 2013, the number of permanently active customers increased by 19.4% (to around 221 thousand customers).
Meanwhile, the sustainable growth of the Ardshininvestbank has 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 .

16.04.2014    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:

Indicator As of 31/03/14
(AMD, billion)
Increase
(AMD, billion)
Growth rate
Assets 277.5 8.1 3.0%
Loan portfolio including 171.7 -5.4 -3.0%
Loans to individuals 56.4 4.3 8.3%
Customer funds 182.1 23.0 14.4%
Total Capital 44.7 0.5 1.2%

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 .

11.04.2014    “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.
mba12 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

31.03.2014    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

05.03.2014    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.

branch branch branch

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       Facebook:ardshininvestbank

About Citi: 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
www.citigroup.com
Twitter: @Citi
YouTube: www.youtube.com/citi
Blog: blog.citigroup.com
Facebook: www.facebook.com/citi
LinkedIn: www.linkedin.com/company/citi

Contacts : London: Dymityr Fedenczak + Tel: +44 20 7986 6009 dymitr.fedenczak@citi.com

05.02.2014    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.

branch branch branch
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.

20.01.2014    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:

Indicator As of 31/12/13
(AMD, billion)
Increase
(AMD, billion)
Growth rate
Net income 6.5 2.3 53.6%
Assets 271 72.3 36.4%
Loan portfolio 176.1 41.5 31.0%
Customer funds 153.2 38.8 33.9%
Total Capital 44.2 8.4 23.3%

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
Atlantic Forfaitierungs € 2.9 mln
Citibank $ 2.3 mln
Rosselkhozbank $ 1.2 mln
Landesbank € 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.

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ARDSHININVESTBANK CJSC 2003-2014
0015, 13, Gr. Lusavorich Str., Yerevan, Armenia
Telephone: (+37410) 54-04-04   Fax: (+37410) 56-74-86   E-mail: office@ashib.am