ArdShinBank

ArdShinBank
CJSC
Industry Banking, Financial services
Founded 1924
Headquarters Yerevan, Armenia
Key people
 Mher Grigoryan
Products Credit cards, consumer banking, corporate banking, investment banking, mortgage loans
Total assets AMD 275,353 mln.[1]
Number of employees
 1082
Website www.ashib.am

ArdShinBank, is an Armenian bank with headquarters in Yerevan. As of 2014, it is the third largest bank in Armenia by assets.[1] The name Ardshininvestbank in Armenian is an acronym of its full name Bank for Industry, Construction and Investment closed joint stock company.

History

The bank was registered and licensed by the Central Bank of Armenia in 2003. Right after that it acquired a significant part of assets and liabilities, as well as wide branch network of former Ardshinbank and Armagrobank.[2]

History of former Ardshinbank starts from March 1924 when in the Soviet Armenia "Communal" and "Agricultural" banks were established for purposes of providing finance to state enterprises, population and those who carry out construction. In 1959 the Armenian branch of “Shinbank” took over the activities of "Communal", "Agricultural" and "Industrial" banks under one bank. In 1987 on the basis of "Shinbank" the "Industrial and Constructive" bank Ardshinbank was founded which has developed its activities until 2002. In 2003, when former Ardshinbank registered major financial difficulties, a newly-created Ardshininvestbank took over considerable part of its assets and liabilities and its network of 24 branches. In autumn of 2003 Ardshininvestbank acquired the network of 35 branches of self-liquidating “Armagrobank”.[3]

Ardshinbank headquarters in Yerevan

See also

References

  1. 1 2 KPMG: Armenian Banking Sector Overview - 2014 2nd quarter results.
  2. ↑ "Archived copy". Archived from the original on 2014-07-15. Retrieved 2014-09-01. History of Ardshinbank: Official page.
  3. ↑ http://www.banks.am/en/banks/Ardshininvestbank/

External links

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