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" |
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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" |
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2009 |
Certificate of MoneyGram International money transfer system as "The Most Reliable Bank of Armenia" |
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2010 |
"Citibank’s" prize for high quality of money transfers in USD. |
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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) |
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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) |
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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) |
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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 |
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2019 |
"The safest bank in Armenia" by "Global Finance" American magazine |
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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” |
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2020 |
"Deal of The Year" in Europe for eurobond issue by the British "The Banker" magazine, Financial Times |
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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"
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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" |
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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" |
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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 |
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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 |