Ardshininvestbank summed up the results of its operation over the first half-year of 2014.

Over the accounting period, the bank continued demonstrating a sustainable growth.

The comparative dynamics of main financial indicators for the first half-year of 2014 compared to late  2013 is as follows:

- assets made AMD275.3bln, growth rate - AMD6.0bln (2.2%)

- loan portfolio made AMD183.5bln, growth rate- AMD6.4bln (3.6%)

- customer funds made AMD180.9bln, growth rate - AMD21.7bln (13.7%)

- total capital made AMD45.8bln, growth rate - AMD1.7bln  (3.9%)

Over  the first semester of  2014 net profit of Ardshininvestbank amounted to AMD 2.8bln,  outperforming the result of the comparable period of the last year by 36.2%.

As a result of deepening cooperation with international financial institutions, Ardshininvestbank has signed a USD 18.0 million syndicated loan agreement with Citibank.

“The transaction represents the first syndicated deal for the Armenian financial institution in the bank loan market without multilateral agency support, having attracted significant interest from both - regional and international banks”, the press release notes.  

Over the first semester of 2014, the number of permanently active customers increased by 3 300 customers totaling to more than 224 000 customers.

The complete version of “Ardshininvestbank” CJSC’s financial reports is available here.