ARDSHININVESTBANK (ARMENIA) TO REOPEN SISIAN BRANCH

ARKA
Sep 10, 2008

YEREVAN, September 10. /ARKA/. Ardshininvestbank (Armenia) is to reopen
its fifth branch in the Syunik region, Armenia. The reopening ceremony
for the renovated and re-equipped branch is scheduled for September 12.

The bank seeks to meet present-day requirements by creating favorable
conditions for its customers in its branches both in Yerevan and in
Armenia’s regions. At present the bank has 55 branches in Armenia
and six branches in the Nagorno-Karabakh Republic (NKR), as well as
a representative office in France.

Ardshininvestbank has the second largest number of branches in
Armenia’s banking system.

The Central Bank of Armenia (CBA) issued License No.83 to
Ardshininvestbank on February 27, 2003. Among the bank’s principal
stockholders are the Region investment and finance corporation (86.82%)
and the International Finance Corporation (10%), which purchased its
share late in 2007.

By June 30, 2008, the bank’s capital had amounted to 21.1bln AMD,
assets to 107.8bln AMD, credit investments 71.5bln AMD, net profit
2.5bln AMD (in the 1st half 2008).

From: Emil Lazarian | Ararat NewsPress