Ardshininvestbank announces about the start of new action of dram deposits

YEREVAN, April 8. /ARKA/. From April 8 “Ardshininvestbank” starts a new three-month action of accepting deposits in drams by annual rate of 13%.

“This action allows the citizens to get higher income from the savings”, said Acting  Head of Board of Ardshininvestbank Karapet Gevorgyan.

The bank accepts deposits from physical and legal entities in Russian rubles, US dollars in cash and non-cash.

CJSC “Ardshininvestbank” got license (N 83) of CB Armenia for implementing banking activity on February 27, 2003. The main shareholders of the Bank are Open JSC “Center of Business Investments” (87.23%) and International Finance Corporation (IFC) (10%) which became shareholder at the end of 2007. The bank is an affiliate member of payment system MasterCard/Europay and the shareholder of the system of card operations in the territory of Armenia (Armenian Card).

As of December 31 the assets of the Bank were 119.1 billion drams, liabilities – 90 billion drams, total capital of the Bank – 29.1 billion drams, charter capital – 15.5 billion drams, credit investments – 74.3 billion drams, liabilities towards the clients – 69.8 billion drams and net income in 2010 – 2638.1 million drams (increase 13.83%).

As of December 31 the bank has 49 in Armenia and 6 – in the territory of NKR. The bank has also representation office in Paris. –0–

spot_img

POPULAR

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

4.5% Inflation Recorded in Armenia in March

Twelve-month inflation in the Armenian consumer market in March of this year was 4.5%, according to a report from the Statistical Committee of Armenia.

IDBank to Provide Scholarships Worth 35 Million Drams to 103 Artsakh Students at YSU

IDBank has signed a memorandum of cooperation with Yerevan State University.

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

LATEST NEWS

spot_imgspot_imgspot_img