Ardshinbank CJSC receives The Best Bank in Armenia Award from Euromoney for second year running

On the 9th of July,Ardshinbank CJSC was awarded the Best Bank in Armenia for the Year 2015 by "Euromoney" magazine in London. The Bank has received the award for the second year running. 

The press office of Ardshinbank has told ArmInfo that the reputable international financial institutions signify the track record of the bank in its ability to maintain sustainable growth in market share in such a challenging environment. Ardshinbank is also the first Armenian private entity to have a successful bond issue in international capital markets.  The Best Bank in Armenia award has been, above all, achieved through mutually successful and effective cooperation with customers and partners of the bank.

Ardshinbank was awarded the Bank of the Year also in 2014 by

Financial Times "The Banker" magazine.

For over 20 years the British Euromoney Institutional Investors reputable "Euromoney" magazine has been carrying 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 100 representative countries.

According to the Financial Rating of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), Ardshinbank is   among the top five leaders by its main parameters. In terms of total capital, assets, lending, general obligations and time deposits, the Bank is ranked the 2nd on the banking market of Armenia. By its investments in securities, call liabilities and net profit the Bank holds 4-5th positions. As of 1 April 2015, the Bank's capital amounted to 48.3 bln AMD (8.1% year-over-year growth), assets - 370.2 bln AMD (33.4% growth), lending - 250.7 bln AMD (44.3% growth),

general liabilities - 322 bln AMD (38.3% growth), time deposits - 130.4 bln AMD (with 64% being personal deposits), investments in securities - 19.9 bln AMD (with 93% being government bonds with a 30.2% year-over-year growth in the amount). At the yearend of 2014, the Bank's net profit was 4.2 bln AMD. In Q1 2015, the Bank's net profit totaled 782.7 bln AMD (6-fold year-over-year growth).