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Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

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Edward Nalbandian advises his Azerbaijani counterpart not to use international arena for propaganda

Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

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OSCE Minsk Group Co-Chairs express their serious concern about the increase in tensions and violence in Karabakh conflict zone

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Arthur Grigoryan appointed commercial manager of mobile communication division at Beeline Armenia

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Ali Hasanov: If international organizations can not resolve the conflict, let them step aside and the two neighboring states solve the problem themselves

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The NKR Minister of Foreign Affairs received the Head of the ICRC Mission in Nagorno-Karabakh

Members of Karabakh parliament made a statement to protect Levon Hayrapetyan

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No visa regime between Georgia and Armenia

Vahagn Hovnanyan: It is necessary to hold a protest action in front Russia's Embassy in Armenia to support Levon Hayrapetyan

Political expert: Growth of tension at the border is a regular ill-fated expression of complexes by Azerbaijan

James Warlick: The number of incidents and resulting deaths and injuries is also a setback in our efforts to work with parties to find a lasting peace

Lake Sevan is on the verge of environmental disaster

Life of the three persons injured in Kashatagh as a result of a landmine explosion is out of danger

EU welcomes ruling of Turkish Constitutional Court regarding investigation into the 2007 murder of Turkish- Armenian journalist Hrant Dink

Armavir mayor's car explodes in mine-studded territory of Kashatagh

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Nagorno-Karabakh Police publish details of the case of Azeri saboteurs

Eastern Partnership countries cannot join European Union within the next 5 years

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VTB Bank (Armenia) and Visa announce the launch of Summer with VTB campaign

Orange Foundation opens a Youth center in Chinari and a computer center in Zorakan in Tavush region

ICRC Yerevan Office holds negotiations to organize a meeting with Azeris detained in Armenian territory

Hakob Sanasaryan: Armenia has chosen the path of destroying its water resources

ICRC Yerevan Office maintains regular contacts with residents of borderline villages

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Regional

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The National Press Day

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Azerbaijan's democratic forces calling for the Association with the EU

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Georgian Citizens Abroad not to Participate in Local Elections

Georgian President Delegates Prime Minister to Sign Associated Agreement

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Vugar Aliyev committed to strengthening the responsibility of Internet resources

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Financial results of Ardshininvestbank for the year 2013

  • by Erik Abrahamyan

  • Monday, January 20, 16:08

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 Increase  Growth rate
     (AMD, billion) (AMD, billion)   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 WorldBusiness Capital (WBC)   $ 10.0 mln Asian Development Bank (ADB)  $ 6.0 mln Atlantic Forfaitierungs  - 2.9 mln Euro Citibank  $ 2.3 mln Rosselkhozbank $ 1.2 mln Landesbank     - 0.5 mln EURO
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".  
According to the Financial Rating of Armenian Banks prepared by Arminfo, in 2013 the assets of Ardshininvestbank grew by 36,5% up to  270.9 billion AMD. In their structure the requirements to the banks and other financial organizations grew more than twofold - up to 11.4 billion AMD, the credit portfolio - by 31% up to 176.1 billion AMD. At the same time, general liabilities of the bank for the reported period grew by 39,3% up to 226.7 billion AMD. As a result of activation at the credit market, the bank finished the 2013 with a net profit 6.5 billion AMD, by 53,6% more versus 2012. 

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