CB: Ardshininvestbank Leader Among Armenian Banks for Its Assets
05.04.2008,
04:28
Ardshininvestbank is the leader among Armenian banks for its assets, Armenian Central Bank Chairman Tigran Sargsyan said on Friday.
YEREVAN, April 4. /ARKA/. Ardshininvestbank is the leader among Armenian banks for its assets, Armenian Central Bank Chairman Tigran Sargsyan said on Friday.
Speaking the ceremony of the bank’s new home office opening, he said that for five years of its activity, the bank has built up its assets from AMD 3 billion in 2003 to AMD 105 billion now.
Sargsyan said that Ardshininvestbank has managed to implement up-to-development-countries programs.
“Today the world financial market faces difficulties and several dozen leading banks found themselves on the brink of bankruptcy. That is why the steps taken by the authorities should be prompt”, he said adding that instruments shouldn’t be painful for clients.
Sargsyan said that five years ago Armenian government announced a tender to create favorable environment for the banks’ clients. Ardshininvestbank won the tender.
Sargsyan said that the program implementation crowned with success thanks to President Kocharyan’s direct participation.
Ardshininvestbank got its license from the Central Bank of Armenia on Feb 27, 2003.
The bank was established by Russian International Business Center financial industrial group.
The group holds 90% of the bank’s shares now.
The remaining 10% belong to International Financial Corporation.
Ardshininvestbank’s assets totaled AMD 105 billion and liabilities AMD 85 billion by the end of the first quarter.
Net profit for the 1st Q 2008 reached AMD 1.3 billion at the 1st Q 2008 after growing 37%, compared with the same quarter a year earlier.
Total capital reached AMD 20 billion.
The bank has 53 branches, of which one is in Nagorno-Karabakh Republic and one in Paris. ($1 = AMD 308.31). --0---
Speaking the ceremony of the bank’s new home office opening, he said that for five years of its activity, the bank has built up its assets from AMD 3 billion in 2003 to AMD 105 billion now.
Sargsyan said that Ardshininvestbank has managed to implement up-to-development-countries programs.
“Today the world financial market faces difficulties and several dozen leading banks found themselves on the brink of bankruptcy. That is why the steps taken by the authorities should be prompt”, he said adding that instruments shouldn’t be painful for clients.
Sargsyan said that five years ago Armenian government announced a tender to create favorable environment for the banks’ clients. Ardshininvestbank won the tender.
Sargsyan said that the program implementation crowned with success thanks to President Kocharyan’s direct participation.
Ardshininvestbank got its license from the Central Bank of Armenia on Feb 27, 2003.
The bank was established by Russian International Business Center financial industrial group.
The group holds 90% of the bank’s shares now.
The remaining 10% belong to International Financial Corporation.
Ardshininvestbank’s assets totaled AMD 105 billion and liabilities AMD 85 billion by the end of the first quarter.
Net profit for the 1st Q 2008 reached AMD 1.3 billion at the 1st Q 2008 after growing 37%, compared with the same quarter a year earlier.
Total capital reached AMD 20 billion.
The bank has 53 branches, of which one is in Nagorno-Karabakh Republic and one in Paris. ($1 = AMD 308.31). --0---
