Ardshininvestbank

Full name	Bank for Industry, Construction and Investment Closed Joint-Stock Company
Short name	«Ardshininvestbank» CJSC

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History	2003	Was registered by the decision of the RA Central Bank Board (license N 83)
		Acquired a significant part of assets and liabilities, as well as wide branch network
		Acquired the main business share of Armagrobank along with its infrastructure
	2004	Participant of Security market (on the basis of permanent tripartite agreements #19/200941 and #19/200942 signed between Ardshininvestbank, RA Central Bank and RA Ministry of Finance and Economy)
	2005	Dealer for Treasury bills issued by the RA Central Bank (on the basis of agreement #19/250555 signed with the RA Central Bank) Participant of "Armenian Stock Exchange" Self-regulatory Organization (present "NASDAQ OMX Armenia") Participant of foreign exchange trading organized at the Armenian Stock Exchange (present "NASDAQ OMX Armenia")
	2007	The International Finance Corporation, a member of the World Bank Group, acquired a significant participation in the Bank’s Charter Capital. Insured its risks, particularly:   - RI - responsibility insurance,   - D&O - director's and officials' responsibility insurance,   - BBB - banking risk comprehensive insurance,   - PI - property insurance,   - CC - insurance against electronic and computer crimes.
	2008	Became an agent in the Armenian market of medium- and long-term coupon bonds. Moody's international rating agency awarded the Bank a "Ba3" long-term and "NP" short-term ratings, financial stability was assessed "D-". The economic outlook for all ratings is stable. The first registered coupon bonds were issued at the amount of AMD 1.5 billion. Became a member of the Armenian Stock Exchange Became a member of the settlement system of the Central Depository of Armenia on December 15.
	2009	Ratings revision by Moody's international rating agency:     - long-term "Ba2" and short-term Not Prime for deposits in national currency,     - long-term "Ba3" and short-term Not Prime for deposits in foreign currency.     Financial stability ("BFRS") "D-". Repayment of the first issue of coupon bonds.
	2010	Moody’s rating agency made the Ardshininvestbank’s Ba2 long-term and Not Prime short-term local currency deposit ratings, Ba3 long-term and Not-prime short-term foreign currency deposit ratings, as well as "D-" financial stability ("BFSR") ratings unchanged. Prospects for all ratings are stable.

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Established by

"Rasco-Armenia" CJSC "Center for Business Investments" LLC

The Shareholders

"Center for Business Investments" LLC "International Business Center" Joint Venture CJSC Individuals

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Participation in loan programs

German-Armenian Fund          - Recoverable energy development project,          - Sustainable housing finance market development project,          - Small and medium private businesses development project. International Fund for Agricultural Development          - The project for economic development of rural areas,          - Marketing opportunities for farmers,          - Project for supporting agricultural reforms. Program of National Center for Armenian SME Development Assistance. "From water to the market" program of Fund of Millennium challenges. Economic stabilization program under the RF interstate loan. National Mortgage Company OFID CSOB IFC LANDESBANK ATLANTIC FORFAITING KBC WBC

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Membership and stockholding

Member of the settlement system of the Central Depository of Armenia, Armenian Bank Union, Armenian-Georgian Business Cooperation Association, ArCa payment system, "NASDAQ OMX Armenia" OJSC, the Union of Armenian mortgage market Affiliated member of MasterCard/Europay international payment system Full member of VISA International payment system Shareholder of "Artsakh HES" OJSC, SWIFT system, ArCa payment system

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Awards	2005	The Citigroup Quality Recognition Award on US dollar payments sent to Citibank, New York
	2005/2006	The Diploma of the Ministry of Finance and Economy and the RA Central Bank on best dealer in Armenian internal public debt management
	2009	A certificate by MoneyGram money transfer system to certify as the most trusted bank
	2010	Citibank award for securing high quality of transfers in USD and Commerzbank award for securing high quality of transfers in EUR