Net profit of Ardshininvestbank totals 6.5bln drams in 2013

YEREVAN, January 20. /ARKA/. Net profit of Ardshininvestbank amounted to 6.5 billion drams as of the end of December 2013, which is an increase of 53.6% or 2.3 billion drams compared to the same period of 2012, the bank’s press office reported.

The bank’s assets were 271 billion drams, an increase of 36.4% or 72.3 billion drams compared to the year before.

Ardshininvestbank’s loan portfolio rose by 41.5 billion drams or 31% to 176.1 billion drams as of the end of December. Client funds were 153.2 billion drams as of December 31 2013, an increase of 38.8 billion drams or 23.3%.

The bank’s own capital rose by 23.3% or 8.4 billion drams compared to 2012 to 44.2 billion drams.
During 2013 Ardshininvestbank managed to attract additional non-treasury resources from the following financial institutions: WorldBusiness Capital (WBC) – $10 mln, Asian Development Bank (ADB) – $6 mln, Atlantic Forfaitierungs – 2.9 mln euros, Citibank – $2.3 mln, Rosselkhozbank – $1.2 mln, Landesbank – 0.5 mln euros.

Number of Ardshininvestbank’s permanent clients rose by 19.4% as of the end of December 2013 (about 221,000 clients).

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.–0–

spot_img

POPULAR

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Armenia uncovers scheme to illegally import large sums of rubles and exchange them for dollars

The State Revenue Committee (SRC) of Armenia reported the discovery of cases of large amounts of foreign currency in cash being imported into the country and its possible involvement in shadow circulation.

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 30, 2026, rose by 0.36 points compared to March 27, to 377.54 drams.

LATEST NEWS

spot_imgspot_imgspot_img