YEREVAN, April 30. / ARKA /. Armenian ARDSHININVESTBANK has announced today the results of its activities for the year 2012, on the basis of its audited consolidated financial statements in compliance with the IFRS. Notwithstanding the lasting volatility of the global economy and increasing competition pressures within the Armenian banking sector, the Bank has demonstrated a robust growth of its main financial indicators, it said in a press release.

In 2012 its operational costs to income ratio (CIR) decreased by 3,9%, making 47,5%; net profit reached the level of AMD 4.2 bln, which exceeds the same indicator of 2011 by 79,4%; net interest income increased by 18,7% and net operational income  increased by 21,7%.

The above mentioned figures are the confirmation that ARDSHININVESTBANK continues holding leading positions on Armenian financial market, the bank said.

Categories: Banks @en, General news, News | Comments Off on Ardshininvestbank posts 4.2 billion drams in net profit in 2012

Tags: Ardshininvestbank, Armenia

Read more

Ardshininvestbak starts servicing the accounts of social packages for public servants of a number of state organizations as from February 11, the bank’s press service told ARKA Agency

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshininvestbank starts servicing public servants social package accounts in Armenia

Tags: Ardshininvestbank, Armenia, SOCIAL

Read more

Armenian Ardshininvestbank said in a press release today that in December 2012 it had financed the delivery of the first batch of agricultural machinery to Armenia manufactured by John Deere company

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshininvestbank finances delivery of John Deer agricultural machinery to Armenia

Tags: agricultural machinery, Ardshininvestbank, financing

Read more

Ardshininvestbank started servicing a news system of international money transfers – AVERS, the bank’s press service told ARKA Agency

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian Ardshininvestbank joins new money transfer Avers system

Tags: Ardshininvestbank, Armenia, AVERS

Read more

A branch of Ardshininvestbank in the town of Tashir in the northern province of Lori has moved today into a new renovated, comfortable building, which meets the current requirements of good customer service, the bank told ARKA

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshininvestbank branch in Tashir moves in new renovated, comfortable building

Tags: Ardshininvestbank, branch

Read more

Ardshininvestbank’s nine-month net profit rose almost twice in 2012 from the analogical period a year earlier to 3.2 billion drams, the bank said

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshininvestbank’s net profit doubled to AMD 3.2 bln in 9 months 2012

Tags: Ardshininvestbank, Armenia, profit

Read more

VTB Bank (Armenia) has provided a $4 million co-financing for construction of a greenhouse

Categories: Banks @en, General news, News, News of the hour | Comments Off on Vtb Bank (Armenia) provides $4 million co-financing for construction of Ecotomato company’s greenhouse

Tags: Ardshininvestbank, Ecotomato, financing, VTB Bank

Read more

The Black Sea Trade and Development Bank (BSTDB) and Ardshininvestbank signed $8-million credit agreement on Sunday. The money will be directed to mortgage lending

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian Ardshininvestbank to receive $8 mln from BSTDB for mortgage lending

Tags: Ardshininvestbank, BSTDB, Credit

Read more

Armenian Ardshininvestbank and the Asian Development Bank have signed a $15 million loan agreement December 8, Ardshininvestbank said today adding that the new funds will be channeled into financing small and medium-sized enterprises in Armenia. According to an Ardshininvestbank press release, the parties had earlier signed trade finance agreement in March, 2011.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshininvestbank and Asian development bank sign $15 million loan agreement

Tags: AGREEMENT, Ardshininvestbank, Asian development bank

Read more

Mher Grigoryan was appointed October 3 as new chief executive officer of Ardshininvestbank.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Mher Grigoryan appointed new head of Ardshininvestbank

Tags: Ardshininvestbank, Mher Grigoryan

Read more