ARDSHININVESTBANK TO HAND PRIZES TO 30 WINNERS OF 2ND PHASE OF "ACTIVE CLIENT" ACTION IN FEBRUARY 2009

ARKA
Dec 29, 2008

YEREVAN, December 29. /ARKA/. Armenian Ardshininvestbank is to hand
presents and certificates to 30 winners of the second phase of "Active
Client" action in February 2009, Head of Remittance Department of
the bank Tigran Shahinyan said.

The action started in November this year, will be continued next year
and is to become a good tradition, he told journalists Saturday.

The action was held by the bank together with Contact international
money transfer system. The first stage of the action was held in the
period from November 15 to December 15. Desk clocks and soft toys
were presented to the first stage winners.

The second phase of the actions is to last till February 15.

Shahinyan said that all people who sent or received money
through Contact remittance system in November participated in the
action. Frequency of remittances was considered in selecting winners.

The action was held in all capital and regional departments of
Ardshininvestbank, Shahinyan said adding that the Contact system
operates mostly in CIS countries and transfers are made mainly by
labor migrants working in Russia.

Ardshininvestbank received its license on banking activities from the
Central Bank of Armenia on February 27, 2003. The main stockholders
of the bank are "Region" investment financial corpora tion (86.82%)
and the International Financial Corporation (10%).

Arshininvestbank is an affiliated member of MasterCard/Europay
international payment system and a stockholder of local transfer
system Armenian Card closed joint stock company As of the end of
September, the bank’s capital was 22.7bln Drams, assets 119.2bln Drams,
liabilities 94.5bln Drams, credit assets 79.8bln Drams and retained
profit 4.1bln Drams.

Currently, Ardshininvestbank is effecting private transfers also
through MoneyGram, Migom and Bistraya Pochta. The bank is cooperating
with a number of Russian banks, such as Promsvyazbank, Socgorbank,
For a bank and Sberbank.

The bank has 55 branches, including 6 branches in Nagorno-Karabakh
Republic and a representative office in Paris. ($1=308.42Drams).