ArmInfo.Ardshinbank leads in net profit for the second quarter of 2019 - more than 3 billion drams ($ 6.3 million), ensuring unprecedented growth. According to published financial reports, for the II quarter this figure increased by 34.6%, and in annual terms - by 2.2 times. This is noted in the message of the bank.
For the first half of 2019, Ardshinbank's net profit exceeded 5.2 billion drams ($ 11 million, 2 position), having increased by 46.5% year on year.
As of June 30, 2019, the bank's assets amounted to 688 billion drams ($ 1.4 billion, 3 position), with an annual growth of 9.4%. In their structure, the share of customer loans accounted for 65% or 445 billion drams ($ 932.2 million, position 3).
Total liabilities of the bank as of June 30, 2019 amounted to 615 billion drams ($ 1.3 billion, 3 position), with an annual growth of 9.6%. In their structure liabilities to customers reached 355.4 billion drams ($ 744.9 million, 3rd position).
The total capital of Ardshinbank as of June 30, 2019 was 72.7 billion drams ($ 152.3 million, 2 position). The accumulated profit of the bank increased in the first half of this year. by 63.1%, and in the second quarter alone - by 26.7%, reaching 12.5 billion drams ($ 26.3 million).
Note that Ardshinbank was founded in 2003. The majority shareholders of Ardshinbank as of April 1, 2019 are Arins Group LLC (formerly called Business Investment Center LLC) with a 67.97% share in the capital and REGION Industrial and Financial Corporation CJSC - 29.52%. Ardshinbank is the second largest bank in Armenia, which has one of the largest branch networks, consisting of 63 divisions, of which 18 are located in Yerevan, 42 - in the regions and 3 - in Artsakh. The bank has a rating of international authoritative rating agencies, equal to the country rating of Armenia, which is considered to be a high rating in the world practice. The Banker magazine of The Financial Times publishing house recognized Ardshinbank as the best bank in Armenia in 2018.