ArmInfo. According to the results of 9 months of 2019, Ardshinbank increased its net profit by 76% per annum - up to 8.3 billion drams or $ 17.5 million. Only in  the Q3 the bank provided profit at the level of 3.1 billion drams or  $ 6.5 million, with a quarterly growth of 3.3% year on year 2.6 fold  growth. This is evidenced by the data of the published financial  report of Ardshinbank on September 30, 2019.

ArmInfo.Converse Bank is presented with  the “Trade Finance Award 2018” by its leading European partner Commerzbank AG. The award was granted for the Bank's unprecedented volume of transactions in 2018, "in honor of excellent cooperation in Trade Finance, and in recognition of high-level and successful relationship” with Commerzbank AG.

ArmInfo. Ardshinbank has received a Trade Finance AWARD 2018 in honor of excellent partnership by German Commerzbank. 

ArmInfo.

ArmInfo. Moody's has reviewed and raised Ameriabank's rating. According to the press service of Ameriabank, the following ratings of Ameriabank CJSC were  raised: B1 to Ba3 for long-term local currency bank deposits, with  stable outlook, B2 to B1 for long-term foreign currency bank  deposits, Ba3 to Ba2 for long-term counterparty risk (CRR).  This  follows the upgrade of Armenia's sovereign rating to Ba3 (stable  outlook) from B1 (positive outlook) on 27 August 2019. 

ArmInfo. Ameriabank and Citibank

ArmInfo.Ameriabank placed loans for more than $ 4.5 billion in the economy of Armenia for 2007-2018. Of this amount, $ 674 million accounted for financing of SMEs. As the press service of the bank told ArmInfo, in total the average y-o-y  growth in lending to the economy amounted to 39.5%, while the SME  sector in particular - 41%. During this period, over 1.2 billion  drams were directed to export financing by the bank.  The share of  Ameriabank loans in Armenia's GDP grew from 2007-2018 from 0.18% to  5.07%.

ArmInfo.Ameriabank has the only credit portfolio in Armenia that exceeds $ 1 billion, amounting to $ 1.166 billion as of January 1, 2019, against $ 9 million ten years  earlier (almost 130 times increase). The press service of the bank  told ArmInfo that primacy is also retained on assets - $ 1.612  billion, against $ 44.5 million ten years ago (an increase of more  than 36 times). The volume of investment attracted by banks increased  over 10 years (2007-2018) from $ 5.7 million to $ 132.7 million (an  increase of 23.3 times).Ameriabank also leads in total liabilities,  the volume of which increased over the ten-year period from $ 33  million to $ 1.426 billion (an increase of 43.2 times). 

ArmInfo. Ameriabank leads in terms of volume of factoring operations, providing a portfolio of 11 billion drams in 2018 with a y-o-y growth of 59%. To date, the  factoring portfolio of the bank already exceeds 12 billion drams. As  the Bank's press service told ArmInfo, the dominant part of these  operations falls on export factoring, in which Ameriabank closely  cooperates with the Export Insurance Agency of Armenia, which gives  exporters the opportunity from a financial point of view to build  more efficient and reliable business relations with foreign partners.

ArmInfo.Ardshinbank has been named the Best Bank 2019 in Armenia by the prestigious international magazine Global Finance.

ArmInfo. For the first time in  the mining industry of Armenia, the transaction of buying shares of a  large enterprise was financed with the credit support of commercial  banks, which collectively provided $ 40 million to the investor. 

ArmInfo. Ameriabank, holding the leadership in the main financial indicators, pulls up retail lending to the leading positions in the banking system of Armenia.

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ArmInfo.According to the Global Finance monthly magazine, Ameriabank was awarded the nomination "The Best Investment Bank-2019" in Armenia. This award  from Global Finance is awarded to Ameriabank annually, starting in 2012.

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ArmInfo.The Banker, a publication owned by the Financial Times Group, named Ardshinbank as ‘’Bank of the Year in Armenia for 2018’’.  The annual award ceremony held by the UK-based The Banker magazine is the highest, most prestigious and the most trusted acknowledgement in banking.

ArmInfo. The Banker, a publication owned by the Financial Times Group, named Ardshinbank as ‘’Bank of the Year in Armenia for 2018’’.  The annual award ceremony held by the UK-based The Banker magazine is the highest, most prestigious and the most trusted acknowledgement in banking.

ArmInfo.