Ardshininvestbank published its preliminary financial results for the year 2013.

As Mediamax was told in Ardshininvestbank,“by results of the year, the bank has strengthened its position among the top three of the banking system by all key indicators”.

The comparative dynamics of main financial indicators for 2013 compared to the year 2012 is as follows:

-Net income amounted to 6.5 billion AMD, increase - 2.3 billion AMD (53.6%).

-Assets amounted to 271 billion AMD, increase - 72.3 billion AMD (36.4%).

-Loan portfolio amounted to 176.1 billion AMD, increase - 41.5 billion AMD (31.0%).

-Customer funds amounted to 153.2 billion AMD, increase - 38.8 billion AMD (33.9%).

-Total Capital amounted to 44.2 billion AMD, increase - 8.4 billion AMD (23.3%).

As a result of deepening cooperation with international financial institutions, during 2013 the Bank managed to attract additional long term resources of non-treasury origin from the following financial institutions:

-WorldBusiness Capital (WBC)- $ 10.0 mln
-Asian Development Bank (ADB)- $ 6.0 mln
-Atlantic Forfaitierungs- € 2.9 mln
-Citibank - $ 2.3 mln
-Rosselkhozbank - $ 1.2 mln
-Landesbank - € 0.5 mln

At the end of 2013, the quantity of permanently active customers increased by 19.4% (to around 221 thousand customers).

As noted in Ardshininvestbank, “the sustainable growth of the Bank has recently been affirmed by Moody’s Investors Service, which raised the outlook of the Bank’s ratings to “stable”.

Meanwhile, the complete version of  Ardshininvestbank  financial reports is available here.