YEREVAN, May 8. /ARKA/. Ardshinbank opened Thursday its revamped branch in August 23 Street 1/2 the town of Abovyan, the press office of the bank reports.

«The launch of the renewed branch is another stage in the program of development improvement of the network of bank's branches,» Mher Grigoryan, chairman of Ardshinbank's board, said as congratulated the personnel, clients and guests on the branch opening.

The branch was renewed in order to optimize procedures connected with serving clients. It was furnished with technical devices and brought in conformity with the bank's brand and its corporate style.

Ardshinbank CJSC (Ardshininvestbank before renamed Ardshinbank on November 13, 2014) was registered in February 2003. Ardshinbank has 55 branches, one of the largest branch networks in the country.

The bank's assets totaled AMD 370.1 billion in the first quarter of this year (1% growth) and liabilities AMD 321.9 billion (0.8% growth).

Its total capital amounted to AMD 48.2 billion (2.3% growth) and loan portfolio AMD 239.1 billion (8.7% growth).

The bank's net profit for the 1st Q 2015 amounted to AMD 725.6 million. ($1 – AMD 480.96). --0--