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YEREVAN. – Ardshininvestbank of Armenia has publicized its financial results for the first semester of 2014 continuing to demonstrate a sustainable growth.

The comparative dynamics of main financial indicators for the first semester of 2014 compared to the year end of 2013 is as follows:

Indicator  As of 30/06/14

(AMD, billion)  Increase

(AMD, billion) Growth rate

Assets  275.3 6.0 2.2%

Loan portfolio  183.5 6.4 3.6%

Customer funds  180.9 21.7 13.7%

Total capital  45.8 1.7 3.9%

During  the first semester of  2014, the net profit of Ardshininvestbank amounted to AMD 2.8 billion 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.

During 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 the “Ardshininvestbank” CJSC’s financial reports is available here: http://www.ashib.am/reports.php?lang_id=1&inc=0

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