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%.