Ardshinbank Company Overview and Portfolio

Ardshinbank is a leading bank in Armenia, with a rich history dating back to 1995. It was founded by a group of entrepreneurs who wanted to provide financial services to the local community.

The bank has undergone significant transformations over the years, expanding its services and operations to meet the growing needs of its customers. Today, Ardshinbank is one of the largest banks in Armenia, with a strong presence in the country's financial market.

Ardshinbank's portfolio includes a wide range of financial products and services, such as loans, deposits, and payment systems. These products cater to both individual and corporate customers, making it a one-stop-shop for all financial needs.

With a strong focus on customer satisfaction, Ardshinbank has built a reputation for providing reliable and efficient financial services. Its commitment to innovation and technology has also enabled the bank to stay ahead of the curve in the rapidly changing financial landscape.

For more insights, see: Central Bank of Armenia

At Ardshinbank, the focus is on expanding its MSME portfolio, which will be bolstered by the NASIRA Risk Sharing Facility. This facility is a USD 20 mln transaction supported by the EU and the Dutch Government.

The NASIRA RSF will provide a controlled risk environment, allowing Ardshinbank to take on more MSME customers. Empowering young and women entrepreneurs is a key goal of this initiative, which will support their income-generating business activities.

Ardshinbank CJSC is a leading Armenian bank that's been at the forefront of providing exceptional financial services since its founding in December 2002.

The bank's activities include providing investment services such as custody, brokerage, and forex services to its wide range of clients. This means they can tap into their extensive partners and correspondents network, giving clients access to the best investment services globally.

Ardshinbank has a unique advantage of leveraging its strategic relationships around the world, enabling clients to access top-notch investment services. This is a game-changer for investors looking to expand their portfolio.

The bank has a strong presence in Armenia, with 65 branches in Yerevan and the regions, and one representative office in Paris, France. This extensive network allows them to provide services to a wide range of clients.

In 2023, Ardshinbank earned recognition as the Bank of the Year in Armenia from The Banker magazine, a prestigious international financial publication. This achievement is a testament to their commitment to providing exceptional financial services.

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In Armenia, about 29% of the population lives below the poverty line, making it a lower middle-income country.

This staggering statistic highlights the need for investments that can help stimulate economic growth and development.

The country's MSMEs, or small and medium-sized enterprises, contribute only about 25% of the country's GDP and around 19% of employment, due to limited access to credit.

Armenia's MSMEs are crucial to the country's overall socio-economic development.

FMO will be directly sharing the risk of the loan portfolio of MSMEs with Ardshinbank, which is a key factor in supporting the country's economic development.

The NASIRA RSF facility will incentivize Ardshinbank to finance underserved and marginalized communities in Armenia.

This is particularly beneficial for young and women entrepreneurs, who will receive 50% of the loan limit, qualifying for a 50% RI Label.

There are hardly any alternative products available in the market that offer similar portfolio protection as NASIRA does, making this investment a unique opportunity.

Our funding goal is to provide a USD 20 mln NASIRA Risk Sharing Facility (RSF) to Ardshinbank.

This facility is supported by the EU and the Dutch Government, which is a significant endorsement of the project's potential for success.

The NASIRA RSF will enable Ardshinbank to expand its MSME portfolio, which is a crucial step in achieving its strategic goal of growing its MSME customer base.

By supporting Young and Women entrepreneurs, the facility will also help reduce inequalities, aligning with FMO's goal of promoting economic inclusion.

Ardshinbank is a leading bank in Armenia, with a rich history dating back to 1996.

The bank has a strong presence in the country, with over 100 branches and a wide range of financial services.

Ardshinbank is a subsidiary of the Ardshinbank Group, which is one of the largest financial groups in Armenia.

You can transfer money to Ardshinbank through their website or app.

To start, create an account using your email address. This can be done through their website or by downloading the app from the App Store or Google Play.

Select the currency and amount you want to send, as well as the delivery speed that suits your needs.

You can choose how your money is delivered, including cash pickup, depending on the recipient's location.

To complete the transfer, enter the name and information of the person receiving the money, and then provide your payment information.

Additional documentation may be required depending on the amount sent or if Ardshinbank cannot verify your identity.

The Nasira portfolio consists of a diverse range of projects, including a mobile app for tracking personal finances and a web application for managing customer relationships.

One notable project is the development of a mobile app for tracking personal finances, which features a user-friendly interface and real-time budgeting capabilities.

The portfolio also showcases Nasira's expertise in creating scalable and secure web applications, as seen in the web application for managing customer relationships.

Nasira's experience in developing mobile apps has allowed them to create a seamless user experience, making it easy for users to track their finances on-the-go.

The web application for managing customer relationships is built on a robust framework that enables efficient data management and analytics.

By leveraging their expertise in mobile and web development, Nasira has established itself as a reliable partner for businesses and individuals seeking innovative solutions.

Ardshinbank CJSC's annual revenue was $40.7 million in 2025. This is a relatively modest revenue compared to other financial institutions.

We don't have information on the company's annual revenue for previous years, but we do know that Ardshinbank CJSC reported $40.7 million in annual revenue for 2025.

The Ardshinbank CJSC annual revenue was $40.7 million in 2025.

Ardshinbank CJSC's SIC code is 602, 60.

You can find this information by looking up the company's details, which is a good idea if you're doing business with them.

The SIC code 602 specifically refers to the bank's activities in the financial sector.

For example, if you're a business owner looking to partner with Ardshinbank CJSC, knowing their SIC code can help you understand their primary business operations.

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Artak Ananyan is the Chairman of the Management Board of Ardshinbank CJSC.

In this role, he oversees the bank's operations and makes key decisions to drive its growth and success.

Artak Ananyan has been instrumental in shaping the bank's strategy and direction, leveraging his expertise to navigate the ever-changing financial landscape.

His leadership has been instrumental in driving the bank's expansion and growth, making him a respected figure in the industry.

At Ardshinbank, employees are the backbone of the organization. They are highly skilled and motivated individuals who work together to achieve the bank's goals.

The bank has a large network of over 1,000 branches across Armenia, employing a diverse team of experts in various fields. They provide top-notch services to millions of customers every year.

Ardshinbank's employees are known for their exceptional customer service skills, which has earned the bank a reputation for being one of the most customer-centric institutions in the country. They go above and beyond to ensure that customers feel valued and supported.

The bank offers its employees a range of benefits, including competitive salaries, bonuses, and opportunities for career growth and development. This helps to attract and retain top talent in the industry.

Ardshinbank's commitment to employee development is evident in its numerous training programs and workshops, which equip employees with the skills and knowledge they need to excel in their roles. This investment in human capital has paid off, with the bank consistently ranking as one of the top employers in Armenia.