Russian political expert is skeptical of Azeri-Turkish-Georgian plan to form a military alliance

Armenian Government to cut its passenger traffic subsidies to South Caucasus Railway

Armenia and Georgia to build a bridge of friendship between Bagratashen and Sadakhlo

Armenia to build a farm to breed Sevan trout

Georgia conducts active measures to eliminate consequences of landslide on Georgian Military Highway

The Prime Minister of Georgia was presented the 40-Year Old Armenian Brandy

Prime Minister of Georgia arrives in Yerevan

Natali Pharm Company to be licensed to import narcotic and psychotropic substances to Armenia

Sports and Concerts Facility after K. Demirchyan to be signed off to Defense Ministry of Armenia for debts

Azerbaijan breached ceasefire on the Line of Contact nearly 40 times over the last two days

Ruben Melkonyan: It is too early to speak about Ankara-Tbilisi-Baku axis

Aziz Tamoyan: 200 Yezidi families from Iraq will settle in Artsakh

Hovik Abrahamyan calls for taking his statements the right way

Beeline offers Let's Talk service to corporate customers

VTB Bank (Armenia) starts providing "diamond" lombard loans

Developing military cooperation among Georgia, Turkey and Azerbaijan is not dangerous for Armenia: Armenian Deputy DM

Armenian man who fired at Turkish Embassy emblem in Russia to wait for court verdict under arrest

Orange begins “Smartphonization of Armenia”: bring your old phone and get a new smartphone at half price

U.S. Ambassador to Armenia addresses parties to Karabakh conflict in Armenian

Economist: Vorotan Cascade of HPPs must remain under state management

NKR Defense Army Commander: Baku blackmailing OSCE Minsk Group

Investigation Committee: Karen Petrosyan might be abducted from Armenia's territory

Manvel Grigoryan: In case of war in Artsakh, the boys of oligarchs and statesmen will also be fighting

No single Iraqi Yazidi has so far applied to Armenia for refuge

VTB Bank (Armenia) prolongs working time at some of its branches

Beeline grants its customers 1,000 intra-network minutes or 1,000MW Internet traffic on their birthdays

Paruyr Hayrikian to embark on hunger strike on 8 September

Aziz Tamoyan: Yazidis are killed on the same scenario as Armenians in 1915

Hovik Abrahamyan: I cannot wave a magic wand to bring everyone out of the shadow

Nikol Pashinyan urges Parliament to provide privileges to residents of near border Armenian communities

Roman Pope to serve liturgy timed to Armenian Genocide centennial

Washington refuses to sell Cougar military vehicles to Baku


Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

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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