ArmInfo. Ardshinbank sharply lowered the rate for Lombard loans secured by gold. Director of Strategic Development of Ardshinbank Armen Gasparyan told ArmInfo, explaining that according to AMD loans rates are set at 16% per annum, on USD loans - from 9% and from EUR ones - from 7%.
According to the source, the reimbursement of these loans is set to 10 years, while customers can choose their own mode of payment of interest. For more information, please visit the bank's website at www.ardshinbank.am.
Stressing that the development strategy of Ardshinbank declares constant improvement of the banking products and services provided to the population, Gasparyan said: "We are keeping pace with the times and do our best to satisfy the needs of each client. And individual entrepreneurs engaged in agriculture. In the near future we will enter the market with new offers that are even more advantageous for our customers."
According to the Financial Rating of the Armenian Banks, prepared by IC ArmInfo, the portfolio of Lombard loans of Ardshinbank as of January 1, 2017 amounted to 30.5 billion AMD ($ 63 million). In the total loan portfolio of the bank, the share of Lombard loans exceeds 9%. Ardshinbank is included in TOP-3 by main balance indicators: total capital as of January 1, 2017 made 54bln AMD (3rd position), assets - 504.7bln AMD (2nd position), credit investments - 337.7bln AMD (2nd position). The bank was the leader in terms of net profit (3rd position) - 4.6 bln AMD in 2016, with an annual growth of 2.3 times. "Ardshinbank" CJSC was founded in 2003. At present, Ardshinbank, taking into account Areximbank- Gazprombank group, combined with it, has 72 branches (56 of its own and 16 Areximbank) and a representative office in Paris. In terms of coverage of the branch network, Ardshinbank has become the leader since 2017, not only in terms of the total number of units, but also in the number of regional branches. The majority shareholder of Ardshinbank is LLC "Center for Business Investments" with 70,11% equity interest in the capital and "Region Industrial and Financial Corporation" - 28.10%.