Wednesday, January 18 2017 18:16
Alina Hovhannisyan

Ardshinbank Directors awarded "Tigran Mets" medal by Union of Banks of Armenia

ArmInfo. Union of Banks of Armenia has awarded Chairman of Ardshinbank Board of Directors Karen Safaryan and Chairman of Ardshinbank Management Board Mher Grigoryan "Tigran Mets" medal in recognition for their services in development of banking system of Armenia. The award ceremony took place on January 17, the press service of the bank informs.

Handing over the award Chairman of the Union of Armenia's Banks Samvel Chzmachyan expressed special gratitude to Karen Safaryan for many years successful work for the benefit of the Armenian banking sector. "It is due to such investors and real patriots that the banking system was established and successfully operates", Chzmachyan emphasized. Karen Safaryan in turn expressed gratitude for high appreciation of his work.

Mher Grigoryan in turn noted that the bank will continue to work fruitfully in order to maintain the trust they have from business and clients. "We realize that a lot depends on efficiency of our work. Realization of our responsibility to the state helps us to move foreword trying to be the best service and technological bank on the market", he said.

According to ArmInfo's Financial Rating of Banks, the shareholders of Ardshinbank are Center of Business Investments LLC - 97.52%, Aram Andreasyan - 1.57%, Karen Safaryan (RF) - 0.37%, Rudik Mkrtumyan and Khachik Zakaryan - by 0.27%, and International Business Center CJSC JV - 0.0005%.  The total capital of Ardshinbank as of October 1 2016 amounted to 53.03 bln drams (3rd place), assets - 442.2 bln drams (2nd place), loans - 328.15 bln drams (2nd place). The Bank retains its leadership position by net profits too - 3.4 bln drams for the 9 months of 2016 with a 52.5% year over year growth. Ardshinbank JSC 9 (former name Ardshininvestbank) has been established in 2003. Nowadays it has 56 branches, one service point and office in Paris.

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10 billion

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200 million

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Maximum yield

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 5.8314%

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