On 26th April 2014, the General Meeting of Shareholders of Ardshininvestbank CJSC approved financial results for the year 2013, audited by KPMG Armenia CJSC.

As the Bank told Mediamax, the comparative dynamics of the main financial indicators for the year ended 2013 compared to the year 2012 demonstrates a sustainable growth. In particular:

- net profit made up AMD 6.4bln, growth of AMD 2.2bln (51.7%),
- assets made up AMD 269.3bln, growth of AMD 70.8bln (35.7%),
-loan portfolio made up AMD 172.3bln, growth of AMD 39.5bln (29.8%),
-customer funds made up AMD 152.9bln, growth of AMD 44.7bln (39.1%),
-total capital made up AMD 44.1bln, growth of AMD 8.3bln (23.1%).

As a result of deepening cooperation with international financial institutions during 2013, Ardshininvestbank managed to attract additional long term resources of non-treasury origin from the following financial institutions:
- World Business Capital (WBC) - USD 10.0mln,
- Asian Development Bank (ADB) - USD 6.0mln,
- Atlantic Forfaitierungs - EUR 2.9mln,
- Citibank - USD 2.3mln,
- Rosselkhozbank - USD 1.2mln,
- Landesbank - EUR 0.5mln.
At the end of 2013, the number of permanently active customers increased by 19.4% (to around 221 thousand customers).
As the Bank noted, the sustainable growth of the Ardshininvestbank has been affirmed by Moody’s Investors Service, which raised the outlook of the Bank’s ratings to “stable”.
The complete version of Ardshininvestbank CJSC’s financial reports is available here.