Ardshininvestbank Biggest Profit-Gainer In Armenia

ARDSHININVESTBANK BIGGEST PROFIT-GAINER IN ARMENIA

/ARKA/
July 31
YEREVAN

YEREVAN, July 31. /ARKA/. Ardshininvestbank was the largest
profit-gainer in Armenia in the first half of 2009 for receiving AMD
1879.4 million over the mentioned period.

The bank ranked second for its total capital AMD 26.98 billion (10.5%
of the total capital of the country’s banking system) and third for
its assets and total liabilities.

Ardshininvestbank was placed 13th in the list of 300 largest taxpayers
of Armenia for paying AMD 1.6 billion taxes to the state budget over
the six months of this year.

Nerses Karamanukyan, chairman of the bank’s board, said that banks
and economic entities with high sense of commitment support the state
by paying their duties to the state budget in time.

"Ardshininvestbank’s motto – we strong together – shows our high
sense of commitment toward clients, partners and the state", he said.

The bank has 49 branches in Armenia, six in Nagorno-Karabakh Republic
and one office in Paris.

Ardshininvest bank has got a long-term rating Ba1 on deposits in
national currency, long-term rating Ba3 and short-term rating Not Prime
on deposits in foreign currencies as well as financial sustainability
rating "D-" (D minus).

Ardshininvestbank has also got the ISO 9001:2000 international quality
management certificate.