YEREVAN, January 19. \/ARKA\/. On Wednesday, Ardshininvestbank reopened its two offices \u2013 Ijevan and Dilijan – in Armenia\u2019s Tavush province after reconstruction.<\/p>\n
Both branches are equipped with up-to-date facilities.<\/p>\n
They provide a wide range of banking services to clients \u2013 they open deposits, operate money transfers, extend loans, serve cards and receive utility bills.<\/p>\n
\u201cArdshininvestbank is trying to contribute to development of Armenia\u2019s provinces insuring its presence there,\u201d Karapet Gevorgyan, acting chairman of the bank, said on Wednesday.<\/p>\n
He said Ardshininvestbank\u2019s branch network is one of largest networks in Armenian banking system.
\nThe bank has four offices in Tavush province. Three of them \u2013 Dilijan, Ijevan and Noyemberyan \u2013 have already been repaired, and the fourth office, Tavush, is planned to be reconstructed in 2012.<\/p>\n
These four branches brought AMD 98 million in profits to the bank in 2010 \u2013 56% more than in 2009.
\nThey built up their aggregate credit portfolio by AMD 130 million to AMD 1.128 billion in 2010 and intend to enlarge it by AMD 400 million this year.<\/p>\n
Ardshininvestbank obtained its license from the Central Bank of Armenia on February 2003.
\nThe bank\u2019s major investments are Business Investment Center with its 87.23% and International Finance Corporation with 10%.<\/p>\n
The bank is an affiliated member of MasterCard\/Europay international payment system and a shareholder at Armenian Card.<\/p>\n
Money transfers, service of deposits, documentary credit bills, guarantees, encashment as well as operations with checks, currencies, securities and cash are among the bank\u2019s services.<\/p>\n
Ardshininvestbank has 49 branches in Armenia and six in Nagorno-Karabakh Republic. The bank also has a resident office in Paris.<\/p>\n
Moody\u2019s international rating agency has awarded the bank long-term Ba2 and short-term Not Prime ratings for deposits in national currency as well as long-term Ba3 and short-term Not Prime ratings for deposits in foreign currencies.<\/p>\n
Ardshininvestbank has also received (\u201cBFSR\u201d) \u201cD-\u201d financial stability rating.<\/p>\n
It has got also ISO 9001: 2000 certificate. –0\u2014<\/p>\n","protected":false},"excerpt":{"rendered":"
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