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Ardshininvestbank Increases Assets by 10.2% to $224 Million H1/07

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  • Ardshininvestbank Increases Assets by 10.2% to $224 Million H1/07

    Ardshininvestbank Increases Assets for First Half of 2007 by 10.2% to
    $224 Million

    arminfo
    2007-07-06 17:19:00


    Ardshininvestbank has increased the assets for the first half of 2007
    by 10.2% and by 38.2% as compared to the previous year. As of July 1,
    assets totaled 76,236 billion drams or $224 million. Ardshininvestbank
    told ArmInfo that the liabilities grew by 40% as compared to 2006 and
    by 8.8% in the first half of 2007 to 63.164 bln drams or $185.3 mln on
    July 1.

    The source reports that the total capital of Ardshininvestbank totaled
    13.072 bln drams or $38.3 mln as of 1 July, the increase being by 17.8%
    in the first half of 2007 and by 30.3% as compared to 2006.

    The data of the Ranking of Armenian Commercial Banks prepared by Agency
    of Rating Marketing Information ArmInfo, assets of Ardshininvestbank
    totaled on April 1 2007, 68.2 bln drams or $188.3 mln (2nd in the
    banking system of Armenia), liabilities - 56.2 bln drams or $36 mln
    (2nd position), total capital 12 bln drams or $33.2 mln (2nd position).
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