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CISTran Finance
July 21 2014
Armenia's Ardshininvestbank publishes financial results for first half of 2014
July 21, 2014 8:00 AM
By Lisa Barron
Armenia's Ardshininvestbank published its financial results for the
first half of 2014 on Thursday, showing strong and sustainable growth.
During the first half, the bank's net profit amounted to $7 million-an
increase of 36.2 percent from the same period last year.
Assets grew 2.2 percent from the same period in 2013, the loan
portfolio was up 3.6 percent, customer funds expanded 13.7 percent and
total capital grew 3.9 percent.
During this period, the bank also added 3,300 permanently active
customers, bringing the total number of customers to more than
224,000.
Meanwhile, Ardshininvestbank announced that it has signed a $18
million syndicated loan agreement with Citibank, representing its
first syndicated deal in the bank loan market without multilateral
agency support.
http://cistranfinance.com/news/3952/3952/
July 21 2014
Armenia's Ardshininvestbank publishes financial results for first half of 2014
July 21, 2014 8:00 AM
By Lisa Barron
Armenia's Ardshininvestbank published its financial results for the
first half of 2014 on Thursday, showing strong and sustainable growth.
During the first half, the bank's net profit amounted to $7 million-an
increase of 36.2 percent from the same period last year.
Assets grew 2.2 percent from the same period in 2013, the loan
portfolio was up 3.6 percent, customer funds expanded 13.7 percent and
total capital grew 3.9 percent.
During this period, the bank also added 3,300 permanently active
customers, bringing the total number of customers to more than
224,000.
Meanwhile, Ardshininvestbank announced that it has signed a $18
million syndicated loan agreement with Citibank, representing its
first syndicated deal in the bank loan market without multilateral
agency support.
http://cistranfinance.com/news/3952/3952/