ArmInfo.In connection with the appointment of Mher Grigoryan, Chairman of the Management Board of Ardshinbank, to the post of Deputy Prime Minister of the Republic of Armenia, Artak Ananyan, currently Deputy CEO of Ardshinbank, will assume the role of the Interim Chairman of the Management Board of Ardshinbank.

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ArmInfo.Ardshinbank received US$10 million from German Commerzbank, while the Asian Development Bank (ADB) guaranteed this funding through its Trade Finance Program (TFP). Proceeds of this facility will support foreign trade transactions for top corporate customers of Ardshinbank, boosting trade in Armenia’s key economic sectors, including energy, mining, and services. 

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ArmInfo.

ArmInfo.Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of Ardshinbank at “B+” with Stable Outlook.

ArmInfo. Ardshinbank has been named the Best Bank in Armenia 2018 by Global Finance magazine.Criteria for selection included Bank’s growth in assets, profitability, new business development and innovation in products.

ArmInfo. According to the published official list of the largest taxpayers, by the end of 2017 Ardshinbank became the largest taxpayer in Armenia among banks and other financial organizations of the republic.

ArmInfo. Ardshinbank was established in TOP-3 in 2017.  According to the Express-Ranking of Armenian Banks, prepared by IC ArmInfo, the bank's assets reached  568.3 billion drams ($ 1.2 billion), total liabilities - 501.7 billion drams ($ 1.04 billion). On an annual basis, the Bank ensured asset growth by 3.6% due to growth in both its loan portfolio and investments in securities. In parallel, the Bank increased its total  liabilities by 5.2% due to the growth of term deposits and demand deposits.

ArmInfo. Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB).  ADB is supporting a portion of the facility through their Trade Finance Program (TFP) in the form of a guarantee.

ArmInfo.On the 5^th of December “Ardshinbank” CJSC has been awarded the Best Foreign Exchange Provider in Armenia for 2017 by “Global Finance” magazine in London.

ArmInfo.The branch of Ardshinbank "Tigran Mets" was reopened in a new modernized, re-equipped and modern office. As the press service of the Bank  reports, the branch is equipped with a wide range of technical  capabilities that simplify the process of banking services.

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ArmInfo.Ardshinbank offers natural persons loans to individuals on security of real estate on improved terms - the interest rate has been reduced and the size of the loan has been increased, and for bona fide borrowers 5% cash-back operates. As the press service of the Bank explained to ArmInfo, for AMD credits of this class, now the annual rate starts at 14%, for USD loans - from 12% and for EUR - from 10%.

ArmInfo. Ardshinbank significantly improved the terms of providing consumer loans in cash, significantly lowering the rate, which now starts at 20 per annum. As the press service of the Bank told ArmInfo, the maximum loan size - 1.6 million AMD was increased. The loan term is up to 120 months. The loan is granted for any purpose, without collateral or under the guarantee of third parties.

ArmInfo. Ardshinbank was recognized as the safest bank in 2017 by the prestigious American magazine “Global Finance”. This exclusive survey includes the leading banks of 106 countries around the world. Banks were selected through an evaluation of long-term foreign currency ratings — from Moody’s, Standard & Poor’s and Fitch — and total assets of the 1000 largest banks worldwide.

ArmInfo. Ameriabank offers "ArCa Mir" co-branded payment cards on flexible and competitive terms.

ArmInfo.Being one of the leaders in the banking system with innovative business solutions and flexible offers, Ardshinbank is constantly trying to support and promote sustainable development of its business partners. Since 2006, the Bank has been a loyal financial supporter of AAB Construction, one of the largest construction companies in Armenia.

ArmInfo.Ardshinbank offers better terms on loans for entrepreneurs and legal entities engaged in agriculture and business. Following the new terms, one can now get a loan in AMD at an annual interest rate starting from 11.25%, in USD – from 9,75%, and in case of loans in Euro – from 9%. Loans are provided without submission of statements on financial data.

ArmInfo. Ardshinbank announces better terms on credit lines with reduced limits within salary projects. According to the new conditions, it is now possible to get a credit line up to 14 times the salary. The term of credit line has also been extended, according to which it can be repaid up to 70 months.