YEREVAN, January 19. /ARKA/. On Wednesday, Ardshininvestbank reopened its two offices – Ijevan and Dilijan - in Armenia’s Tavush province after reconstruction.

Both branches are equipped with up-to-date facilities.

They provide a wide range of banking services to clients – they open deposits, operate money transfers, extend loans, serve cards and receive utility bills.

“Ardshininvestbank is trying to contribute to development of Armenia’s provinces insuring its presence there,” Karapet Gevorgyan, acting chairman of the bank, said on Wednesday.

He said Ardshininvestbank’s branch network is one of largest networks in Armenian banking system.
The bank has four offices in Tavush province. Three of them – Dilijan, Ijevan and Noyemberyan – have already been repaired, and the fourth office, Tavush, is planned to be reconstructed in 2012.

These four branches brought AMD 98 million in profits to the bank in 2010 – 56% more than in 2009.
They 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.

Ardshininvestbank obtained its license from the Central Bank of Armenia on February 2003.
The bank’s major investments are Business Investment Center with its 87.23% and International Finance Corporation with 10%.

The bank is an affiliated member of MasterCard/Europay international payment system and a shareholder at Armenian Card.

Money transfers, service of deposits, documentary credit bills, guarantees, encashment as well as operations with checks, currencies, securities and cash are among the bank’s services.

Ardshininvestbank has 49 branches in Armenia and six in Nagorno-Karabakh Republic. The bank also has a resident office in Paris.

Moody’s 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.

Ardshininvestbank has also received (“BFSR”) “D-” financial stability rating.

It has got also ISO 9001: 2000 certificate. --0—