ArmInfo. Ardshinbank received a loan of $ 10 million from the German Commerzbank, which will be used to finance the export-import operations of the Bank's corporate clients. As the press service of Ardshinbank informs, the Asian Development Bank (ADB) provided a guarantee to cover the deal within the framework of the Trade Finance Program.
Loan funds will contribute to an increase in the volume of trade transactions in key sectors of the Armenian economy, including energy, mining and services.
Ardshinbank was founded in 2003. The majority shareholders of Ardshinbank are Arins Group LLC (renamed Center for Business Investments) on January 1, 2018 with a stake of 67.97% and CJSC Industrial and Financial Corporation REGION - 29.52%. Ardshinbank retains the second position in coverage of the branch network - 64 units, of which 19 are located in Yerevan, 42 - in the regions (the 2nd position), and 3 in Artsakh.
