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Armenian Ardshininvestbank gets ISO 9001:2000 certificate

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  • Armenian Ardshininvestbank gets ISO 9001:2000 certificate

    Armenian Ardshininvestbank gets ISO 9001:2000 certificate


    YEREVAN, February 20. /ARKA/. An international certificate of quality
    management systems ISO 9001:2000 has been issued to Ardshininvestbank
    (Armenia).

    The certificate was issued to Ardshininvestbank by the AB
    Certification, an independent French audit firm, last December on the
    basis of an auditor's favorable conclusion on the bank's meeting the
    international quality management standards.

    The certificate is evidence that the bank's activities and services
    meet the international standards.

    During the certification process the bank was cooperating with
    Integrated Management Solutions, an organization with international
    experience.

    The ISO 9001:2000 certificate is the result of the bank's hard work to
    introduce modern high-quality services, said Board Chairman Aram
    Andreasyan. He stressed that few Armenian banks have been issued this
    certificate.

    Last year, Moody's international rating agency assigned to
    Ardshininvestbank the long-term national currency rating Ba1, long-term
    rating Ba3 and short-term rating Not Prime (foreign exchange deposits),
    as well as a financial stability rating `D-'.

    At present the Ardshininvestbank CJSC has 49 branches, with six of them
    in Nagorno-Karabakh, as well as a representative office in Paris. The
    bank has 157,000 clients (individuals and legal entities).

    Last year the bank registered the largest net profit, the second
    largest credit investments and total capital and the third largest
    assets and liabilities.

    As of December 31, 2008, the bank's capital reached 25.9bln AMD, assets
    113.8bln AMD, liabilities 87.9bln AMD, credit investments 74bln AMD,
    after-tax profit 5.9bln AMD. `0--
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