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    Categories: News

Ardshininvestbank (Armenia) To Reopen Sisian Branch

ARDSHININVESTBANK (ARMENIA) TO REOPEN SISIAN BRANCH

ARKA
Sep 10, 2008

YEREVAN, September 10. /ARKA/. Ardshininvestbank (Armenia) is to reopen
its fifth branch in the Syunik region, Armenia. The reopening ceremony
for the renovated and re-equipped branch is scheduled for September 12.

The bank seeks to meet present-day requirements by creating favorable
conditions for its customers in its branches both in Yerevan and in
Armenia’s regions. At present the bank has 55 branches in Armenia
and six branches in the Nagorno-Karabakh Republic (NKR), as well as
a representative office in France.

Ardshininvestbank has the second largest number of branches in
Armenia’s banking system.

The Central Bank of Armenia (CBA) issued License No.83 to
Ardshininvestbank on February 27, 2003. Among the bank’s principal
stockholders are the Region investment and finance corporation (86.82%)
and the International Finance Corporation (10%), which purchased its
share late in 2007.

By June 30, 2008, the bank’s capital had amounted to 21.1bln AMD,
assets to 107.8bln AMD, credit investments 71.5bln AMD, net profit
2.5bln AMD (in the 1st half 2008).

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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