Ardshininvestbank published its financial results for nine months of 2013.

The dynamics of the Bank’s main financial indicators compared to the same period of 2012 according to the latest statement on comprehensive financial results is as follows:

-cost to income ratio (CIR) has improved by 2.6% reaching 45.1%;

-net profit was 27.6% higher, reaching AMD 4.1 billion;

-net interest income was 29.8% higher, reaching AMD 9.6 billion;

-net commission income was 39.8% higher, reaching AMD 2.9 billion;

-net operating income was 28.8% higher, reaching AMD 14.2 billion.

During nine months of 2013, net profit of the Bank totaled to AMD 4.1 billion, exceeding the same indicator for the previous year by over 1.3-fold and registering the highest growth rate in the Bank’s history.

The Bank’s total assets as of October1, 2013 amounted to around AMD 262 billion, which equals to 31.9% growth since the beginning of the year.

As a result, the total client loan portfolio made AMD 166.1 billion by 1st October, 2013, reflecting a 23.5% increase since the end of 2012. The retail loan portfolio reached a new level of AMD 50.3bln, growing by 13% and making 30% share in overall loan portfolio. The volume of loans to enterprises grew by 28.7% during the first 9 months and reached AMD 115.8bln, making 70% of the Bank’s total loan portfolio.

The share of loans with above 90 days overdue payments (NPL) in overall loan portfolio was merely 2.7% as of October1, 2013.

The Bank’s total capital - the main indicator of its stability- increased by 12.7% making AMD 40.4bln, whereas profitability indicators - return on average equity (ROAE) and return on average assets (ROAA) made 14.5% and 2.4% respectively.

Moody’s Investors Service has recently raised the outlook of the Bank’s ratings to “stable”.

As of October1, 2013 the Bank’s client base comprised of 9,640 legal entities and 241,913 individuals, in aggregate 36% higher than at the end of year 2012.