Saturday, January 27 2018 17:53
Karine Melikyan

Ardshinbank settled in TOP-3 by main results of 2017

Ardshinbank settled in TOP-3 by main results of 2017

ArmInfo. Ardshinbank was  established in TOP-3 in 2017.  According to the Express-Ranking of  Armenian Banks, prepared by IC ArmInfo, the bank's assets reached  568.3 billion drams ($ 1.2 billion), total liabilities - 501.7  billion drams ($ 1.04 billion). On an annual basis, the Bank ensured  asset growth by 3.6% due to growth in both its loan portfolio and  investments in securities. In parallel, the Bank increased its total  liabilities by 5.2% due to the growth of term deposits and demand  deposits.

In the structure of the assets of Ardshinbank, the share of credit  investments and other loans accounted for over 69% or 392.5 billion  drams ($ 810.8 million, annual growth of 9.6%). The volume of the  bank's investments in securities increased by 65.1% in 2017, reaching  34.1 billion drams ($ 70.5 million). In the structure of the total  liabilities of the Bank, 68.8% or 345 billion drams ($ 712.6 million,  an annual growth of 11.9%), deposits from banks and other financial  organizations - 21.6% or 108.1 billion drams ($ 233.3 million), and  9.3% or 46.7 billion drams ($ 96.5 million) from the issued corporate  bonds.

The net profit of Ardshinbank in the result of 2017 amounted to  5.7bln AMD ($ 11.8mln). In the structure of the common bank, which  amounted to 66.6 billion drams ($ 137.6 million), the authorized  capital accounted for 75.4% or 50.2 billion drams (the first position  in the market), and the accumulated profit - 12.6% or 8.4 billion  drams. In the course of the year the Bank increased its authorized  capital by 2.6 times.

The regulatory total capital of the bank increased by 29% in 2017 -  to 58.2 billion drams, which is 94% higher than effective January 1,  2017 year standard on a minimum amount of 30 billion drams. Standard  the capital adequacy ratio of Ardshinbank by January 1, 2018 was  13.29% (N1, with the required min 12%), the general liquidity ratio  is 28.28% (N2 / 1, with the required min 15%) and the current  liquidity ratio is 131.26% (N2 / 2, with the required min 60%).  It  should be noted that Ardshinbank holds the leading position in  lending to the industrial sector, consolidated in TOP-3 in lending to  the construction sector, transport and   communications, catering and  services, and has taken the 4th position on lending to the trade  sector and the SME sector. Along with this, the Bank was entrenched  in the TOP-3 on consumer loans, in particular, predominating in  mortgage lending.

Recall that "Ardshinbank" CJSC was founded in 2003. Now Ardshinbank,  taking into account Areximbank-Gazprombank group, which merged with  it in December 2016, has 64 branches, out of which 19 are located in  Yerevan, 42 - in the regions of Armenia and 3 - in the NKR. In terms  of the total number of branches and the regional network, in  particular, the bank holds the 2 nd position. Ardshinbank also has a  representative office in Paris. The majority shareholders of  Ardshinbank are Arins Group LLC  (which is is renamed Center for  Business Investments LLC) - 69.96% and Industrial and Financial  Corporation REGION JSC  - 27.53%.

POST A COMMENT
Input digits     


News
FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights 
Vahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loansVahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loans
Armenian winemakers participating in ProWein international trade fair  in DusseldorfArmenian winemakers participating in ProWein international trade fair  in Dusseldorf
Armenia`s vice-premier receives IMF repsArmenia`s vice-premier receives IMF reps
Armenia`s premier hosts IMF delegationArmenia`s premier hosts IMF delegation
Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister 
U.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr HovhannisyanU.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr Hovhannisyan
Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier 
In 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSESIn 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSES
Deputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economyDeputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economy
Armenia, Georgia discuss possibilities of expanding cooperation in  tourism sectorArmenia, Georgia discuss possibilities of expanding cooperation in  tourism sector
Rostelecom changes its mind about selling its Armenian subsidiary GNC  AlfaRostelecom changes its mind about selling its Armenian subsidiary GNC  Alfa
Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 
Armenia`s Deputy Minister of Economy hosts UNCCD delegation  Armenia`s Deputy Minister of Economy hosts UNCCD delegation  
Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level 
Saudi Flynas airline to launch flight to Yerevan in summerSaudi Flynas airline to launch flight to Yerevan in summer
Vahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other productsVahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other products
CBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economyCBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economy
Central Bank Head: FAO index has stabilized and there are no new  upward trendsCentral Bank Head: FAO index has stabilized and there are no new  upward trends
Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategyMartin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy
CBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main driversCBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main drivers
Western sanctions against Russia pose a threat to Armenia - PMWestern sanctions against Russia pose a threat to Armenia - PM
New Armenia-ADB cooperation strategy under developmentNew Armenia-ADB cooperation strategy under development
AraratBank joins the United Nations Women`s Empowerment Principles InitiativeAraratBank joins the United Nations Women`s Empowerment Principles Initiative
Armenia`s CB leaves refinancing rate unchanged, 10.75%Armenia`s CB leaves refinancing rate unchanged, 10.75%
With organizational support of Ameriabank and SPRING PR, first  With organizational support of Ameriabank and SPRING PR, first  "Doing Digital-Exploring Digital Future" forum to be held in Yerevan  on April 5
Armenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructuresArmenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructures
 State Control Service returned about 121 million drams to budget in  2022 State Control Service returned about 121 million drams to budget in  2022
Vahan Kerobyan: No outflow of immigrants is expected in near futureVahan Kerobyan: No outflow of immigrants is expected in near future
Vahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizensVahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizens
This year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDBThis year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDB
Global economic recession risks remain significant - EDBGlobal economic recession risks remain significant - EDB
"MTS Armenia" changes its owner
Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022
Armenia on way to modernization of major branches of its economy -  vice-premierArmenia on way to modernization of major branches of its economy -  vice-premier
Karen Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platformKaren Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platform
Ameriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussionsAmeriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussions
Armenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridorArmenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridor
Hayk Yesayan: Team always has and will have innovative solutionsHayk Yesayan: Team always has and will have innovative solutions
IDBank - participant of DigiTec ExpoIDBank - participant of DigiTec Expo
Armenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant BagratyanArmenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant Bagratyan
Team Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G networkTeam Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G network
Vahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative termsVahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative terms
U.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MPU.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MP
3.5% decline in living standard of average statistical employee in  Armenia 3.5% decline in living standard of average statistical employee in  Armenia 
Turkey suddenly stops  transit of sanctioned goods to RussiaTurkey suddenly stops  transit of sanctioned goods to Russia
American SADA to contribute to digitalization of Armenian education  systemAmerican SADA to contribute to digitalization of Armenian education  system
Armenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on timeArmenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on time
Armenia`s travel agencies lost 25% of income in 2022 due to dram  revaluationArmenia`s travel agencies lost 25% of income in 2022 due to dram  revaluation
FLYONE ARMENIA replenishes its aircraft fleetFLYONE ARMENIA replenishes its aircraft fleet
Armenia increases its share in EDBArmenia increases its share in EDB
AraratBank committed to the Sustainable Development Goals of the United NationsAraratBank committed to the Sustainable Development Goals of the United Nations
Kristina Kvien: US ready to assist Armenia`s economic developmentKristina Kvien: US ready to assist Armenia`s economic development
Converse Bank has completed the distribution of bondsConverse Bank has completed the distribution of bonds
EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 
Performance report 2022 of ANPP presented to PMPerformance report 2022 of ANPP presented to PM
Andrei Movchan: Armenia`s stock market is practically deprived of  opportunity to contribute to investment development of countryAndrei Movchan: Armenia`s stock market is practically deprived of  opportunity to contribute to investment development of country
Tigran Jrbashyan considers it expedient to revise target inflation  threshold closer to realityTigran Jrbashyan considers it expedient to revise target inflation  threshold closer to reality
Economist: If exchange rate does not contribute to expansion of  exportable sectors of economy, CB will have no choice but to start  relying on  GovernmentEconomist: If exchange rate does not contribute to expansion of  exportable sectors of economy, CB will have no choice but to start  relying on  Government
Armenia`s SRC head presents approximate scale of shadow economy  Armenia`s SRC head presents approximate scale of shadow economy  
Read more


Exchange rates
20.03.2023
RUB5.04-0.03
USD388.480.20
EUR415.482.58
GBP474.803.62
CAD283.520.29
JPY29.590.42
CNY56.550.32
CHF418.71-0.15