YEREVAN. – ARDSHININVESTBANK on January 15 published its preliminary financial results for the year 2013, continuing to demonstrate a sustainable growth. By results of the year, the Bank has strengthened its position among the top three of the banking system by all key indicators.

The comparative dynamics of main financial indicators for 2013 compared to the year 2012 is as follows:

Indicator

As of 31/12/13 

Increase

Growth rate

(AMD, billion)

(AMD, billion)

Net income

6.5

2.3

53.6%

Assets

271

72.3

36.4%

Loan portfolio

176.1

41.5

31.0%

Customer funds

153.2

38.8

33.9%

Total Capital

44.2

8.4

23.3%

As a result of deepening cooperation with international financial institutions, during 2013 the Bank managed to attract additional long term resources of non-treasury origin from the following financial institutions:

 

Partner-Financial Institution

 Funding volume

WorldBusiness Capital (WBC)

$ 10.0 mln

Asian Development Bank (ADB)

$ 6.0 mln

Atlantic Forfaitierungs

€ 2.9 mln

Citibank

$ 2.3 mln

Rosselkhozbank

$ 1.2 mln

Landesbank

€ 0.5 mln

 

At the end of 2013, the quantity of permanently active customers increased  by 19.4% (to  around 221 thousand customers).

Meanwhile, the sustainable growth of the Bank has recently been affirmed by Moody’s Investors Service, which raised the outlook of the Bank’s ratings to “stable”.

The complete version of “Ardshininvestbank” CJSC’s financial reports is available here.