ARDSHININVESTBANK OF ARMENIA TO RE-LAUNCH ITS "YEGHEGNADZOR" BRANCH TODAY

ARKA
March 20, 2009

YEREVAN, March 20. /ARKA/. Ardshininvestbank of Armenia is to re-launch
its "Yeghegnadzor" branch. The repaired and improved building of the
branch will be opened on March 20, the bank’s press service reported.

The branch is equipped with modern equipment and is ready to provide
reliable banking services to its customers, says the report.

In all branches of Ardshininvestbank throughout the country equal
conditions are provided for all clients, says Acting Board Chairman
of Ardshininvestbank Sergey Virabyan.

The bank’s staff has the required qualifications to render reliable
and high-quality services to its clients, he said.

"Yeghegnadzor" branch has about 3,000 clients, including state agencies
and private organizations, as well as ordinary people.

Ardshininvestbank received its license for banking activities from the
Central Bank of Armenia on February 27, 2003. The main stockholders
of the bank are "Region" investment financial corporation (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.

In 2008, Moody’s international ratings agency conferred long-term Ba3
and short-term Not Prime ratings to Ardshininvestbank for deposits
in =0 Alocal currency. ("BFSR") "D-" financial stability rating was
also assigned to the bank.

As of the end of 2008, the bank had the greatest net profit among
Armenian banks and was the second in terms of credit investments and
total capital; in terms of total assets and total liabilities it is
the third.

Today, the bank provides services to 157,000 individuals and legal
entities.

It has 49 branches, including 6 branches in Nagorno-Karabakh Republic
and a representative office in Paris.