ArmInfo. In the annual rating of the most reliable banks in the world by the well-known American magazine Global Finance, for the fourth year in a row, Ardshinbank is recognized as the most reliable bank in Armenia.
The title "Most Reliable Bank of the Year" is awarded based on such important indicators of the bank's performance as the results of the analysis of ratings of long-term liabilities in foreign currency, assigned by international rating agencies Moody's, Standard & Poor's and Fitch, as well as on the basis of an analysis of the total assets of thousands of largest banks from 112 countries of the world.
During 2020, the world suffered from the COVID-19 pandemic and a sharp decline in economic activity, according to the magazine's publisher and editor-in-chief Joseph Jarraputo, which significantly affected the creditworthiness of banks. The ratings provided by Global Finance will be used by companies, investors and individuals primarily to assess the relative safety of the banks with which they choose to do business. "We highly appreciate the recognition of our merits at the international level. During the global crisis, when due to the pandemic we all found ourselves in a new reality, Ardshinbank will continue to follow the path of reliability, quality of service and successful financial results," the Chairman of the Board commented on the event Ardshinbank Artak Ananyan.
It should be reminded that earlier the Global Finance magazine named Ardshinbank "The Best Bank in Armenia in 2020". Ardshinbank was the best bank in 2020 recognized by the authoritative magazine of British institutional investors Euromoney, and The Banker magazine of the Financial Times has recognized the issue of Ardshinbank's Eurobonds as "Deal of the Year" in Europe in 2020.
According to the Financial Rating of Banks of Armenia as of September 30, 2020, prepared by ArmInfo IC, Ardshinbank is the leader in terms of the volume of credit investments and the amount of net profit, and is in the TOP-3 in terms of other key balance indicators. Thus, the volume of credit investments of Ardshinbank amounted to $ 1.4 billion (with an annual growth of 53%), and the net profit for the first 9 months amounted to $ 21.5 million (with an annual growth of 60.5%). The bank's assets amounted to $ 1.8 billion (with an annual growth of 31%), total liabilities exceeded $ 1.6 billion (with an annual growth of 33%). In retail lending, Ardshinbank is the leader with a volume of $ 458 million (with an annual growth of 28%), and in corporate lending it is in the TOP-3 with a volume of $ 891 million (with an annual growth of 63.4%). In the structure of liabilities, the bank occupies the 2nd position in term deposits ($ 537.2 million), and the leadership with a volume of $ 237.7 million is retained in term deposits of legal entities, while on term deposits of individuals it is the 4th position with a volume of $ 299.5 million. Ardshinbank is in the lead also in terms of funds attracted from international financial institutions within the framework of credit programs - $ 548.1 million.Ardshinbank is also in the top five in terms of investments in securities - $ 131.2 million, and in terms of funds raised from the placement of its bonds, it takes the lead ($ 334.1 million, with an annual growth of 6 ,4 times). Ardshinbank has been operating in the Armenian market since 2003, with a branch network of 63 subdivisions (2nd position in the market), most of which (43 branches - 2nd position in the market) are located in the regions of Armenia.
