Financial Results of Ardshinbank for the Year 2016 | ardshinbank

Financial Results of Ardshinbank for the Year 2016

Ardshinbank  has published its audited financial results for the year 2016, demonstrating 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 holding 2-nd position by assets, loan portfolio, liabilities and customer funds.

Net profit for the year 2016 is AMD 4.1 billion AMD (without the results of consolidation of Areximbank).

The dynamics of main financial indicators for 2016 compared to the year 2015 is as follows:

Indicator

As of 31/12/16
(AMD, billion)

Increase/decline
(AMD, billion)

Growth/decline rate in %

Assets

548.4

148

37.0%

Loan portfolio

358

83.5

30.4%

Customer funds

297.7

93.6

45.9%

Total Capital

71.5

23.1

47.7%

 
As a result of deepening cooperation with international financial institutions, during 2016 the Bank attracted additional long term resources of non-treasury origin from the following financial institutions:

Partner-Financial Institution

Funding volume (million $)

WBC

10.0

BSTDB

10.0

ADB

2.0

Commerzbank

8.5

 

 

In April, 2017 the Fitch Ratings agency has approved Ardshinbank CJSC a B+ Long Term Issuer Dafault Rating and has revised the Outlook from Negative to Stable.

 At the end of 2016 the Bank joined with  “Areximbank-the group of Gazprombank” CJSC.

 In 2016, Ardshinbank paid to the state budget more than  3.1  billion AMD taxes.

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