ArmInfo. In Armenia, the number of plastic cards increased by 16% per annum to July 1, 2018, to 1.851 million units, against the decline of 9% a year earlier.  Adequately, the annual growth in the total volume of plastic  transactions sharply accelerated from 7.2% in the first half of 2017  to 23% in the first half of 2018, exceeding 863.5 billion drams. This  is evidenced by the data of the Central Bank of Armenia.

ArmInfo.  On August 10, based on  the decision of the Board of Directors of Ardshinbank, Artak Kliment  Ananyan was appointed as the Chairman of the Management Board of  Ardshinbank, the press service of the bank informs.

ArmInfo. In Armenia, the number of plastic cards increased in the first quarter of 2018 at 14.9% per annum - up to 1.785 million units, against the decline of 10.8% a year earlier.  Adequately, the annual growth in the total volume of plastic transactions from 0.8% in the first quarter of 2017 to 38.6% in the first quarter of 2018 was dramatically accelerated, making 440.6 bln AMD. This is evidenced by the data of the Central Bank of Armenia.

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.

ArmInfo.

ArmInfo. The replenishment of  Armenian banks' capital base by 15% per annum on July 1, 2017, or by  85.1 billion drams ($ 177.1 million) made it possible to accelerate  the credit growth rate to 16.6% from last year's 9.5%. Activation of  banks in the credit market, in turn, increased net profit in the  first half of 2017 by 49.5% per annum - up to 19.2 billion drams ($  39.9 million).

ArmInfo. Ardshinbank, according to audited results of activities, by the results of 2016, leads among TOP 3 banks, continuing to demonstrate stable growth. Net profit of Ardshinbank only (excluding the result of consolidation with Areximbank) amounted to 4.1 bln AMD by the end of 2016, and exceeded 22 bln AMD (the 1st position in the market) on the consolidated balance sheet. The text follows consolidated indicators.

ArmInfo. The Armenian banking system sent 10.1 billion AMD to the state budget in the first quarter of 2017 (or 9.8 billion without taking into account the combined Areximbank and the Armenian Development Bank), which is 8.6% higher than the figure of a year ago. Of this amount, over 88% or 8.9 billion AMD was paid on direct taxes (including income tax and income tax), with an annual growth of 8.5%.

ArmInfo. The Fitch   International Rating Agency approved the Long-term Issuer Default  Rating (IDR), improving at that the forecast from Negative  to  Positive. This was shared  to ArmInfo at the press office of the  Bank. 

ArmInfo. A meeting of Armenian  banks  leaders  with InfoWatch Group Director Natalia Kasperskaya was  held in the head office of Ardshinbank. Kasperskaya, which is one of  the co-founders of Kaspersky Lab, is opne of most reputable persons  in Russian IT industry.  According  to the information shared with  ArmInfo at the press office of the Bank, during the meeting actual  issues were discussed, particularly the development of IT security  sector, improvement of automated banking security systems etc. 

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%.

ArmInfo.

ArmInfo. ArmInfo. The preliminary results of 2016 fixed on the banks’ balance sheets inspire hope for recovery of the general economic situation in the country in 2017. In an interview with NEWS.am, AmRating head, ArmInfo News Agency director general Emmanuil Mkrtchyan says that the data on the banking system of the country have proved to be beyond expectations and demonstrate gradual expansion of lending that contributes to growth of economic activity.      

ArmInfo.

ArmInfo. In 2016 Ardshinbank  increased its net profit 2.3-fold to 4.6 bln AMD ($9.4 mln) and  retained its position among the TOP-3. Due to this, the accumulated  profit of the Bank grew by 16.8% to 29.9 bln AMD, increasing the  total capital by 11.6% to 54 bln AMD.  According to ArmInfo's Express  Ranking of Armenian Banks, Ardshinbank ensured such growth in net  profit due to the considerable increase in lending and investments in  government bonds. In particular, the loan book rose by 23% to 337.7  bln AMD, and the investments in government bonds - by 71.4% to 37.7  bln. Along with this, the Bank increased the disposable funds by  54.6% to 106.8 bln, and decreased the lending to banks and financial  organizations 3.6-fold to 4.8 bln AMD. The assets of the Bank grew by  26% to 504.7 bln AMD. 

ArmInfo. Opening ceremony of renovated offices of "Alaverdi" and "Stepanavan" regional offices of Ardshinbank took place on January 24. Governor of Lori region Artur Nalbandian and other officials of the region attended the ceremony, the press service of the bank has told ArmInfo.

ArmInfo. Anelik Bank for the  first time in its history has issued USD coupon bonds amounting to $5  mln with 6.5% annual yield and maturity period of 2 years. The press-  service of the Bank has told ArmInfo that payments on interest rates  will be made once in 6 months.  Minimal package for acquiring  contains 10 bonds with nominal value $100. According to the source  both physical and legal entities can purchase bonds in any of 14  branches of the Bank. 

ArmInfo. The client base of Armenia's banking system by October 2016 numbered 2 375 223 physical and 79 174 legal entities.  According to the National Statistic Service of Armenia, 2 454 397 clients had 4 493 879 accounts in Armenia's banks, from which 4 310 188 are accounts of physical entities and 183 691 of legal entities.

ArmInfo. The consolidation of Areximbank with the Gazprom Bank Group will drive Ardshinbank to leaders in respect to capitals, assets and number of branches. As ArmInfo was informed by the press-office of Ardshinbank, the total capital will reach AMD 74 bln, assets - up to AMD 540 mln, number of branches will increase from 54  to 72.

ArmInfo. ARARATBANK has replenished total capital by 8.5 bln drams due to issue of stocks. As a result the authorized capital of the bank has increased to 16.8 bln drams and total capital almost to 33 bln drams.