FINANCIAL RESULTS OF ARDSHINBANK FOR THE YEAR 2016
05-05-2017 14:31:16 | Armenia | Organizations
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:
IndicatorAs of 31/12/16
(AMD, billion)Increase/decline
(AMD, billion)Growth/decline rate in %
Assets548.414837.0%
Loan portfolio35883.530.4%
Customer funds297.793.645.9%
Total Capital71.523.147.7%
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:
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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