News - Ardshinbank has opened the "Vardanants" branch to serve small and medium-sized businesses

On November 17, Ardshinbank officially opened the new “Vardanants” branch, which is a specialized in serving and financing small and medium-sized business clients. While the branch specializes in meeting the unique needs of businesses, it also extends its services to individuals, offering a comprehensive range of modern banking solutions provided by Ardshinbank. Clients of the “Vardanants” branch are offered the most accessible and flexible credit services in both short and long-term perspectives. The branch offers a variety of payment methods, including digital POS terminals, salary project services, and a diverse range of bank cards. Inside the branch, clients have access to an ATM and payment terminal. Furthermore, clients can enjoy the convenience of online banking services, eliminating the need to visit the bank in person. According to Arthur Hakobyan, the Director of Small and Medium Business at Ardshinbank, the “Vardanants' branch is poised to attract companies seeking financing through more flexible mechanisms at lower interest rates. This approach allows businesses to effectively manage cash flows and invest in their growth. "Ardshinbank places special emphasis on relationships with small and medium-sized businesses; it's a strategic segment for us, and the opening of the “Vardanants” branch confirms this. This undoubtedly enhances our position in the market and acts as a catalyst for the development of a competitive environment, both domestically and internationally. The bank consistently broadens financing opportunities for small and medium-sized businesses, offering entrepreneurs an array of enticing services and financial resources for expansion and development, including short-term and long-term loans tailored to the specific requirements and characteristics of SMEs. While we are actively developing remote and digital servicing tools, such as the recently launched online platform for small and medium-sized business lending, we are equally enthusiastic about welcoming clients in our branches to provide quality banking services," says A. Hakobyan. The bank places a strong emphasis on the quality and convenience of service. Notably, the Small and Medium Business Credit Center, located within the same building, will offer necessary consultations and support to bank clients, guiding them through the entire loan process. Eduard Gudrunts, the head of the “Vardanants” branch, highlights that SME loans are provided from the bank's own funds and within the framework of international programs: " Loans are available in Armenian dram, US dollars, Euros, and Russian rubles, serving a diverse range of purposes, from replenishing and acquiring working and basic capital to repaying credit obligations, including refinancing, and supporting business development. Specific credit services are designed to assist exporters and importers in addressing issues of current liquidity, customs clearance, fulfilling tax obligations, as well as handling salary payments to employees. In such cases, borrowers are provided with a grace period of up to 12 months, and considering the seasonality of the business, the bank develops an individual repayment schedule for clients to repay the principal amount of the debt”. The “Vardanants” branch is located in Yerevan, at 27 Vardanants Street. Operating hours: Monday to Friday, 9:15 AM to 4:45 PM. The activities of Ardshinbank are regulated by the Central Bank of the Republic of Armenia.