Shortly after, last year, a couple of millions of dollars, it was not clear from Ardshinbank in an incomprehensible way that this was not the only case due to which the bank was on the verge of bankruptcy. It was just that this case was distinguished by its frank impudence and obvious crime. Nevertheless, the bank has long been to its end, for he served for quite a long time a feeder for shareholders, who considered it exclusively as a dairy cow and ultimately parted. But, perhaps, for the first time in banking practice (not only Armenia, but also other CIS countries), almost incredible occurred. In fact, the bank managed to save, although legally it will soon be officially declared bankrupt. The scheme that the Central Bank proposed that the Central Bank proposed that the Central Bank, convincing the provision of the next stabilization tranche of the SAC-5 with the process of “salvation of the drowning man”, worked. And the scheme was that the Central Bank decided to separate the healthy assets of the bank from, to put it mildly, patients, the size of which, according to various estimates, was from 20 to 25 million. dollars. This was the result of the work of the last five years of «the most transparent» and «most industrial» of the Armenian banks. One way or another, but the decision was made completely justified: let the shareholders of the Ardsinbank themselves are responsible for their brewed porridge. The main and indisputable advantage of the scheme was that not a single bank depositor and not a single client-owner of his account even felt the whole severity of the financial situation in it. This is a considerable merit and those who took on the role of a «financial anesthetist» and managed to reach the bank to the tender, where his final fate was decided. On March 1, a tender was held to purchase a healthy part of the assets. The winner was recognized as a license of the Central Bank of Ardshinworvestbank with an authorized capital of 5 million. dollars, the shareholder of which was the company «International Business Center». The latter invested about 10 million. dollars to the industry of Armenia and therefore considered the bank as one of the main structures of a large financial and industrial holding. As a result of the tender, Ardshininvestbank received a healthy part of Ardshinbank’s assets and obligations — all buildings, branches, motor vehicles, computer equipment, communications, remains at the checkout and at the core counts. Of the 17 billion. Credit assets to Ardshininvestbank transferred only 3 billion., evaluated as standard and secured by a normal key. The rest of the credit assets in the amount of almost 14 billion. The «old» legal entity remained, including such as the system loan of the Central Bank of the RA for 5.5 million., obligations on the Greek commodity loan for about the same amount, obligations to their shareholders. From the obligations, Ardshininvestbank received the remains in customer accounts and depositors deposits. All these persons have now passed and are served by Ardshininvestbank without any losses. — There were many technical difficulties and difficulties, ”says Aram Andreasyan, Chairman of the Board of Arshininvestbank. — We developed the transition procedure together with specialists of the Central Bank.
