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Karekin II: More practical steps must be taken by Christian churches on the road to searching for peace

Pope to Armenian people: Your sufferings are our own

Pope Francis participates in ecumenical meeting with Patriarch of Armenian Apostolic Church, Karekin II, in Yerevan

Police make statement over recent detentions in Yerevan

Police confirm reports on detention of activist Shant Haroutiunyan's son

Detentions continue in Yerevan

Pope Francis sends telegram to Turkish president

Pope Francis visits Church visits Armenian Apostolic Cathedral of the Seven Wounds and the Holy Martyrs Armenian Catholic Cathedral in Gyumri.

Fr. Federico Lombardi, S.J. says Pope Francis speaks about past tragedies not to inflame wounds, but to help create grounds for reconciliation

Federico Lombardi says Pope Francis enjoyed magnificent view of Biblical Mount Ararat

Pope Francis visits Our Lady of Armenia Catholic Educational Center in Gyumri, Armenia

Pope Francis expresses his gratitude to religious and civil authorities of Armenia

Pope Francis talks to the faithful

Pope Francis delivers a homily in Gyumri

Venice Commission experts make remarks about new proposals on Electoral Code of Armenia

Arsen Khojoyan, who was taken captive in Azerbaijan, kills a 17-year-old girl in Armenia

Pope Francis holding his first Mass in Gyumri, Armenia

OSCE MG urges Azerbaijan and Armenia to remove all remaining obstacles to expanding OSCE CiO Personal Representative's mission

Pope Francis and Catholicos of All Armenians arrive in Gyumri

Pope Francis visits Tsitsernakaberd Memorial dedicated to Armenian Genocide victims

Monument to Grigor Narekatsi to be erected in Vatican, Director of Holy See Press Office Federico Lombardi says

OSCE CiO Frank-Walter Steinmeier is expected to travel to South Caucasus

President Serzh Sargsyan and His Holiness Pope Francis had private meeting

Pope quotes Charents: Our turquoise sky, our clear waters, the flood of light, the summer sun and the proud winter borealis... our age-old stones ... our ancient etched books which have become a prayer

Charge pressed against commander of serviceman driven to suicide

Souvenir sheet and mini-sheet with four stamps dedicated to visit of Pope Francis to Armenia put into circulation

Zurabishvili: Ankara has always supported Tbilisi's aspirations including integration into NATO

Naira Zohrabyan: It is necessary to suppress Turkish fascism

Nino Burjanadze: It is absolutely unfavorable for Georgia to join NATO now

Situation around Nagorno-Karabakh is rather vulnerable, Ambassador Piotr Switalski says

Pope Francis arrives in Armenia

Central Valley Congressmen urge US to follow Pontiff's lead in reaffirming Armenian Genocide

Electricity price in Armenia to be reduced by 2.58 drams on Aug 1 2016

Eduard Sharmazanov sees generally positive tendency in Karabakh peace process

France-based committee for political prisoners in Armenia addresses Pope Francis over Zhirayr Sefilyan's detention

Vice Speaker of Armenian Parliament says Moscow reacted very strongly to Baku's attempt to distort situation around Karabakh

Senior advisor on Iran at the U.S. State Department says Armenia contributed to Iran's recent nuclear deal with the West

Nino Burjanadze sees no prerequisites for Saakashvili to return to power in Georgia

Armenian oppositionist MPs from Armenian National Congress Party visit Zhirayr Sefilyan at penitentiary

Russian Foreign Ministry against Azerbaijan's interpretations of results of St. Petersburg meeting

Tevan Poghosyan: Serzh Sargsyan left for Artsakh after Petersburg meeting in order to deliver "new information"

Nikol Pashinyan lodges a parliamentary request to Special Investigative Service and Police over Samvel Alexanyan case

Alekper Aliyev: Nothing can justify our protracted fratricidal war

Heritage Party recruits volunteers as members of electoral commissions and observers

PACE adopts resolution condemning situation with functioning of democratic institutions in Turkey

As many as 383 cars to be sold via auction

Stratfor: Russia's apparent objective is to shape Nagorno-Karabakh into a manageable crisis

Czech President Milos Zeman recommends that lawmakers discuss resolution denouncing Armenian genocide in Ottoman Turkey

ANCA: Pope's Visit to Armenian Genocide Memorial an Open Challenge to Turkey's Campaign of Denial

Pope Francis and President Serzh Sargsyan to make a joint statement in Yerevan

Regional

Ardshininvestbank plans to buy shares of Artsakh Investment Fund

  • by Siranush Manucharyan

  • Friday, August 15, 23:52

 Ardshininvestbank is going to buy the shares of Artsakh Investment Fund so as to be able to take part in its mortgage program in Nagorno-Karabakh, the bank's CEO Mher Grigoryan said at a meeting with Nagorno-Karabakh's Prime Minister Ara Harutyunyan on Friday.

According to the NKR Government, Harutyunyan said that banking is crucial for economic growth. In this light, he stressed the big role of Ardshininvestbank plays in different projects in Nagorno-Karabakh.

Grigoryan said that his bank is committed to enlarge its activities in Nagorno-Karabakh, particularly, it is going to reduce the interest rates for consumer loans issued in the republic.

Artsakh Investment Fund (AIF) was established as Artsakh Development Agency SNCO's successor on Nov 1 2007 based on the NKR Government's Oct 29 decree. The Fund implements business support and mortgage programs.

According to ArmInfo's Rating of Banks of Armenia, as of July 1 2014 Ardshininvestbank had the 3rd biggest assets among Armenia's banks (275.4bln AMD, 18% growth as compared with July 1 2013) and the 4th biggest loan book (186.3bln AMD, 20.3% growth). As many as 69.3% of all loans were loans given to the economy (129.1bln AMD, 32.3% growth), 4.7% or 78.4bln AMD were mortgage loans (77% growth), 26.1% or 46.8bln AMD were consumer loans. The bank's net profit totaled 2.8bln AMD (36.2% growth, the 3rd place).

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