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Ardshininvestbank Head Office officially opened in Yerevan

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  • Ardshininvestbank Head Office officially opened in Yerevan

    Ardshininvestbank Head Office officially opened in Yerevan

    2008-04-05 02:30:00

    ArmInfo. Ardshininvestbank Head Office was officially opened in Yerevan
    on April 4.

    Armenian President Robert Kocharyan stated at the opening ceremony that
    no Armenian bank has such an immense head office building. 'I think
    that this step by Ardshininvestbank will become an impetus for other
    banks to create such prestigious head offices and branch networks', the
    president said.

    Ardshininvestbank Board Chairman Aram Andreasyan said the building
    meets the present-day requirements and has up-to-date equipment. 'It is
    the so-called intellectual building. Due to the centralized management,
    one center controls over the overall work. There are all the necessary
    conditions in building in order both clients and employees feel
    themselves very conformable', he said.

    A. Andreasyan said that over the last 5 years, the bank ensured high
    growth rates of key figures due to the domestic political stability in
    the country, two-digit GDP growth, and tough but constructive policy of
    the Central Bank. 'Since the bank occupies the leading positions by key
    figures, the bank should have a relevant building', he said. Andreasyan
    also added that that 5 billion drams were spent on the capital repair
    of the building that was launched in 2005.

    For his part, Chairman of Central Bank of Armenia Tigran Sargsyan said
    Ardshininvestbank proved that it is possible to implement in Armenia
    such projects as in developed states. 'The situation in the world
    financial market is rather complicate at present. Dozens of leading
    foreign banks prove on the verge of bankruptcy. The authorities must
    operatively settle the issue and apply the necessary instruments in
    order clients avoid the crisis aftermaths. We made such step 5 years
    ago by announcing an open tender that aimed to create favorable
    conditions for Ardshininvestbank clients. The key shareholder of
    Ardshininvestbank Karen Safaryan won the tender', T. Sargsyan said. He
    stressed that although the bank's assets totaled only 3 billion drams
    in 2003, now they reached 105 billion drams. 'Evidently, we succeeded
    in implementing this project with help of Armenian President Robert
    Kocharyan', he said.

    In 2007 Ardshininvestbank was among the top three banks in the list of
    the largest taxpayers of Armenia and replenished the state budget with
    922.2 million drams. At the end of the first quarter of 2008 the
    bank's assets totaled 105 billion drams. Obligations - 85 billion
    drams, total capital - 20 billion drams. The bank completed the year
    2007 with 4 billion drams net profits taking the first position in the
    banking system of Armenia by this indicator. At present, the bank has
    49 braches throughout Armenia and four branches in NKR.

    From: Emil Lazarian | Ararat NewsPress
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