Ardshinbank Directors awarded "Tigran Mets" medal by Union of Banks  of Armenia

ArmInfo.Union of Banks of Armenia has awarded Chairman of Ardshinbank Board of Directors Karen Safaryan and Chairman of Ardshinbank Management Board Mher Grigoryan "Tigran Mets" medal in recognition for their services in development 

of banking system of Armenia. The award ceremony took place on 

January 17, the press service of the bank informs. 

Handing over the award Chairman of the Union of Armenia's Banks 

Samvel Chzmachyan expressed special gratitude to Karen Safaryan for 

many years successful work for the benefit of the Armenian banking 

sector. "It is due to such investors and real patriots that the 

banking system was established and successfully operates", Chzmachyan 

emphasized. Karen Safaryan in turn expressed gratitude for high 

appreciation of his work. 

Mher Grigoryan in turn noted that the bank will continue to work 

fruitfully in order to maintain the trust they have from business and 

clients. "We realize that a lot depends on efficiency of our work. 

Realization of our responsibility to the state helps us to move 

foreword trying to be the best service and technological bank on the 

market", he said. 

According to ArmInfo's Financial Rating of Banks, the shareholders of 

Ardshinbank are Center of Business Investments LLC - 97.52%, Aram  

Andreasyan - 1.57%, Karen Safaryan (RF) - 0.37%, Rudik Mkrtumyan and  

Khachik Zakaryan - by 0.27%, and International Business Center CJSC  

JV - 0.0005%.  The total capital of Ardshinbank as of October 1 2016 

amounted to 53.03 bln drams (3rd place), assets - 442.2 bln drams 

(2nd place), loans - 328.15 bln drams (2nd place). The Bank retains 

its leadership position by net profits too - 3.4 bln drams for the 9 

months of 2016 with a 52.5% year over year growth. Ardshinbank JSC 9 

(former name Ardshininvestbank) has been established in 2003. 

Nowadays it has 56 branches, one service point and office in Paris.