Sat, 12 April
5.1 C
Yerevan
USD: 391.07 RUB: 4.66 EUR: 443.20 GEL: 142.03 GBP: 511.21
spot_img

Ardshininvestbank’s branch manger recognized best manager of 2009 

YEREVAN, June 15, /ARKA/. Sasoon Sedrakian, a manager of Ardshininvestbank’s branch in Etchmiadizn, a town 20 off Yerevan, was recognized the Bank’s Best Manager of 2009. He was awarded a special cup, a diploma and a money reward. In 2009 when the country was hit by a heavy crisis the branch managed to ensure a 980 million Dram worth income.

Ardshininvestbank said in a press release the Cup will be a challenge to be awarded each year to best manager of the Bank.

Ardshininvestbank’s major shareholders are Business Investments Center (86.82%) and the International Financial Corporation IFC (10%). The bank is an affiliated member of the international payment system MasterCard/Europay and has a share o in Armenian Card (ArCA).

On March 31 its assets totaled 118.1 billion Drams, liabilities stood at 90.8 billion Drams, the total capital was worth 27.3 billion Drams, the authorized capital-15.5 billion Drams, credit investments – 48.04 billion Drams. In the first quarter of 2010 it earned 733.3 million Drams in net profits. The Bank has 49 branches in Armenia, six in Nagorno-Karabakh and an office in Paris, France. ($1 – 374.14 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img