| Ardshinbank | |
| Type: | CJSC |
| Key People: | Artak Ananyan (Chairman) |
| Predecessor: | Vahe Stepanyan |
| Location: | Yerevan, Armenia |
| Industry: | Banking, Financial services |
| Assets: | AMD 672'989 mln. (2018) [1] |
| Net Income: | AMD 6'471,662 mln. (2018) |
| Products: | Credit cards, consumer banking, corporate banking, investment banking, mortgage loans |
| Num Employees: | 1,089 (January 2019) [2] |
Ardshinbank CJSC (Armenian: Արդշինբանկ ՓԲԸ)[3] is an Armenian commercial bank. The full name of the bank is the "Industrial Construction Bank CJSC".
Ardshinbank was founded in 2002. In February 2003, it received a banking license no. 83 (dated 25.02.03). Originally, Ardshinbank was called "Ardshininvestbank". In November 2014, it was rebranded into "Ardshinbank" CJSC.
Ardshinbank is a universal financial and credit institution offering a full range of banking services. The priority areas include project financing for 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, as well as mortgage lending to different population groups and salary projects. In addition, the bank is actively developing electronic and mobile banking services, which make it possible to carry out main banking operations 24/7.
Ardshinbank has ratings from two international rating agencies - Moody's and Fitch, equal to the rating of Sovereign.
Ardshinbank is an RA securities market participant and an agent in the government bonds markets. It is the first private entity in Armenia to issue eurobonds in the amount of US$100 million (in formats RegS/144A).
With its 60 branches, the bank has one of the largest branch networks in the country, in addition to a representative office in Paris. As of January 2019, the bank has 1,089 employees.
Ardshinbank is a member of the Union of Banks of Armenia, the Armenian-Georgian Association of Business Cooperation, NASDAQ OMX ARMENIA OJSC, Association of Armenian Mortgage Market Participants, an affiliated member of MasterCard Europay, a principal member of Visa International payment system, a shareholder of SWIFT International Financial Telecommunication System, the Armenian Card CJSC, and the settlement system of the Central Depository of Armenia.
The bank has received the following recognitions:
During March–May 2003, Ardshinbank acquired a significant share of the assets and liabilities of the OJSC “Ardshinbank”, including its 24 branches. Later, In November of the same year, Ardshinbank purchased the main part of OJSC “Agrobank”, including its 35 branches and the rest of infrastructure.
In 2016, the "Region" Finance Industrial Corporation CJSC, whose sole shareholder is Karen Safaryan, the sole beneficiary and the chairman of the Board of "Ardshinbank" CJSC, acquired 100% shares of "Areximbank-Gazprombank Group" CJSC from its sole shareholder, the Russian Gazprombank. Thus, Areximbank and its entire branch network (16) merged with Ardshinbank.