History | ardshinbank

History

1. About bank

“Ardshinbank” CJSC was founded in December, 2002. In February 2003 it received a banking license no. 83 (dated 25.02.03). Initially the bank was named "Ardshininvestbank". In 2003 it has also acquired a significant portion of the assets and liabilities of OJSC "Ardshinbank" and "Armagrobank" CJSC together with their branch networks. In November 2014 it was rebranded into "Ardshinbank" CJSC. The bank is included in the TOP-3 of the Armenian banking system.

It is a universal financial and credit institution offering a full range of banking services. Among the priorities of the bank's activities are such as project financing of large corporate customers, primarily in the strategic industries and energy sector of Armenia, as well as lending to small and medium-sized businesses, emission and service of plastic cards, e-banking, international money transfers.

The only private entity in Armenia with assigned ratings from three international rating agencies -S&P Global Ratings, Moody’s and Fitch.

The participant of the securities market based on open-ended, tripartite contracts between the Central Bank, the Ministry of Economy and Finance of the Republic of Armenia and Ardshininvestbank, as well as the agent of government bonds market. The first private entity in Armenia to issue eurobonds in the amount US $100 million (in formats RegS/144A).

Member of Union of Banks of Armenia, Armenian-Georgian Association of Business Cooperation, ARMENIA SECURITIES EXCHANGE OJSC, settlement system of the RA Central Depository, affiliated member of Master Card Europay, principal member of Visa International payment system, shareholder of SWIFT International Financial Telecommunication System, full member and shareholder of “ArCa” processing company.

The bank has the largest branch network in the county: 65 branches in Yerevan and the regions of Armenia, and one representative office in Paris, France.    

Number of employees as of 31.12.2022 – 1514.

2. Founders and Shareholders

Founders: “Rasco-Armenia” CJSC, “Center for Business Investments” LLC

Shareholders: "Arins Group" LLC (on 06.06.2017 “Center for Business Investments” LLC was renamed to  "Arins Group" LLC), “MBC” CJSC, physical persons

3. Membership and shareholdership

Member of Union of Banks of Armenia, Armenian-Georgian Association of Business Cooperation, “Armenian Card” CJSC payment system, ARMENIA SECURITIES EXCHANGE OJSC, Union of Armenian Mortgage Market Participants

Affiliated member of Master Card/Europay

Principal member of Visa International payment system

Shareholder of SWIFT system, “Armenian Card” CJSC

Member of settlement system of the RA Central Depository

4. Participation in loan programs

Programs of German-Armenian Fund:

 - Recovering Energy Development Program
 - Sustainable Housing Finance Market Development Program
 - Small and Medium Entrepreneurship Development Program

Programs of the International Fund for Agricultural Development:

- Rural areas economic development program
- Marketing opportunities for farmers
- Agricultural reforms support program

Program of National Center for Small and Medium Entrepreneurship Support

"From Water to Market” program of Millennium Challenge Fund
Program of stabilization of economy in the framework of RF intergovernmental loan
National Mortgage Company
OFID, CSOB, IFC, LANDESBANK, ATLANTIC FORFAITING, KBC, WBC

5. Awards

 

2005

"Citigroup’s" diploma of quality for executing dollar payments via "Citibank New York"

 

2005/2006  

Diploma of "The Best Dealer in Managing Domestic Debt" of the "Ministry of Finance and Economy" and the "Central Bank of the Republic of Armenia"

 

2009

Certificate of MoneyGram International money transfer system as "The Most Reliable Bank of Armenia"

 

2010

"Citibank’s" prize for high quality of money transfers in USD.
"Commerzbank’s" prize for high quality of money transfers in euro.

 

2014

"The Bank of 2014" (Bank of the Year Awards) by British magazine “The Banker” (The Banker Awards)
 

2015

"The Best Bank in Armenia for the year 2015"  by British magazine “Euromoney”
  2016

"The European Bank for Reconstruction and Development" (EBRD) named Ardshibank as the “Most Active Issuing Bank in Armenia in 2016” under the EBRD’s Trade Facilitation Program (TFP)

 

2017

"The safest bank" in Armenia by "Global Finance" American magazine
 

2017

"The Best Foreign Exchange Provider" in Armenia  by "Global Finance" American magazine
 

2018

"The most active partner of Eikon platform" by "Thomson Reuters" (Eikon Award 2018) 

 

2018

The first Momentum awardee as an issuing bank, which recorded the highest percentage increase in the value of transactions supported by TFP from 2017 to 2018 compared to the previous corresponding period.

(TFP Momentum Award by the Asian Development Bank)

 

2018

"The safest bank" in Armenia by "Global Finance" American magazine
 

2018

"The best bank" in Armenia by "Global Finance" American magazine
 

2018

"The best bank" in Armenia by the British "The Banker" magazine, Financial Times
  2019

"Trade Finance AWARD 2018" by German Commerzbank

  2019

"The safest bank in Armenia"  by "Global Finance" American magazine

 

2020

"The best bank" in Armenia by "Global Finance" American magazine
 

2020

"The safest bank" in Armenia by "Global Finance" American magazine
 

2020

Asian Banking and Finance (ABF) - in the field of retail banking as “Domestic Retail Bank of the Year”, “Digital Banking Initiative of the Year”, “Online Banking Initiative of the Year”

 

2020

"Deal of The Year" in Europe for eurobond issue by the British "The Banker" magazine, Financial Times

 

2020

 "The Best Bank in Armenia for the year 2020" by British magazine “Euromoney”
  2020 "The largest issuer of Visa cards" in Armenia by "VISA" international payment system
  2021
"The Retail Bank of the Year" in Armenia by the "Asian Banking & Finance Awards 2021"
  2021 "The Best Bank of the Year" in Armenia by "The Banker" international magazine
  2022

 "The Retail Bank of the Year" in Armenia by the "Asian Banking & Finance Awards 2022"

  2022

Received 2 awards at the annual "AMX AWARD" awards ceremony organized by the "Armenia Securities Exchange (AMX)  and the Central Depository":

1. "AMX Grand Prix"

2. "Best Exchange Member Broker in Corporate Securities Market"

  2023 "The Best Exchange Member in Corporate Securities Market" by the "Armenia Securities Exchange (AMX) and the Central Depository"
  2023

The Retail Bank of the Year in Armenia according to Asian Banking & Finance Awards

  2023 The Best Bank in Armenia according to Euromoney magazine
  2023 Ardshinbank Private Banking has been recognized as the best in Armenia according to Global Banking & Finance Review
  2023 Ardshinbank received the STP Quality Award from Commerzbank 

 

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