YEREVAN, June 18. /ARKA/. International Fitch Ratings agency has published Armenian Ardshinbank’s Long-term Issuer Default Rating (IDR) at “B+”, outlook negative, the bank’s press office reports.

This means the bank’s rating is now similar to the country’s ceiling, which is the best indicator for a private company.

In January 2015, Fitch lowered Armenia’s local and foreign currency IDR from “BB-“ to “B+”, with outlook kept stable.

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

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Yerevan-based Ardshinbank said today it had earned 782.7 million drams in net profit in the first quarter of 2015

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On April 3, Ardshinbank offered two new money transfer systems to its clients – Best and ConversTransfer, which are served in the bank’s 56 branches in Armenia and Nagorno-Karabakh Republic, the bank’s press office reports

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Armenia’s Ardshinbank closed joint stock company has signed a loan agreement worth $10 million with the OPEC Fund for International Development (OFID) in Vienna on March 31, the bank’s press office reported

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Tags: AGREEMENT, Ardshinbank, LOAN, OFID

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YEREVAN, January 20. / ARKA /. Moody’s Investors Service has downgraded the long-term local-currency deposit and foreign-currency senior unsecured debt ratings of Ardshinbank to Ba3 from Ba2, and downgraded Ardshinbank’s and VTB Bank (Armenia)’s foreign-currency deposit ratings to B1 from Ba3. The outlook on the two banks’ ratings has been changed to negative from stable. […]

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Tags: Ardshinbank, Moody's, Ratings, VTB Bank (Armenia)

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Ardshinbank opened its renovated branch in Vanadzor on Tuesday, the bank’s press office reports.

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Ardshinbank said today it had re-opened its branch in the town of Spitak on December 17 after a major renovation and refurbishment

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Armenian Ardshinbank said today it has raised the ceiling of credit lines available to holders of its payroll cards up to ten times the size of their net wage. According to a bank’s press release, the credit lines are available in the national currency, the dram

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Tags: Ardshinbank, Armenia, Credit

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Ardshinbank CJSC was awarded the Bank of the Year 2014 in Armenia by “The Banker” magazine of the prestigious Financial Times in an award ceremony held in London on November 27

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