YEREVAN, October 16. /ARKA/. Net profit of Ardshininvestbank grew to 4.1 billion drams in the nine months of 2013, a record-high growth rate of 1.3-times over the bank’s history, against the same period of the year before, the press office of the bank reported.
Despite the growing competition in the country’s banking market, the bank continued recording sustainable increase in its financial indicators, according to the report.
Net interest yield of the bank was 9.6 billion drams in January-September, a 29.8% increase against the same period of 2012. Net fee revenue rose by 39.8% to 2.9 billion drams in the period, according to the report.
Net operating income rose by 28.8% to 14.2 billion drams in the period compared to January-September 2012.
Cost to Income Ratio (CIR) was 45.1% as of October 1, 2013.
Ardshininvestbank received its license for banking activities from the Central Bank of Armenia on February 27, 2003. The bank has 49 branches in Armenia, six in Nagorno-Karabakh Republic and one office in Paris. ($1- AMD 410.27).
The bank’s assets amounted to 262 billion drams as of October 1; loan portfolio was 166.1 billion and equity capital 40.4 billion drams. ($1=AMD 407.75). –0–
