Friday, January 17 2014 20:02

Ardshininvestbank records biggest accumulated profit among Armenian banks in 2013


ArmInfo. Ardshininvestbank recorded the biggest accumulated profit among the Armenian banks in 2013 - 22.5bln AMD (38.9% more than in 2012). As a result, the bank's capital grew by 23.5% to 44.2bln AMD (3rd place).

The net profit grew by 53.6% to 6.5bln AMD (up from 2nd to 3rd place), the loans by 29.2% to 171.4bln AMD, the revenues by 38.5% to 33.2bln AMD. In 2013 the bank's assets grew by 36.5% to 270.9bln AMD, the obligations grew by 39.3% to 226.7bln AMD (163.2bln AMD in payables to customers and 70.9bln AMD in payables to banks and other financial organizations).

Ardshininvestbank was established in 2003. The majority shareholder is Business Investments Center LLC (97.23%). The bank has the second biggest branch network (55 branches). Its lending priorities are industry, trade, consumers as well as agriculture, construction, SMEs and services.
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