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Ardshinbank selects OLYMPIC Banking System

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by ERI
| 30/01/2024 06:04:55

ERI is delighted to announce that Ardshinbank CJSC, a leading Armenian bank, has chosen OLYMPIC Banking System to support its securities and forex operations.

Ardshinbank CJSC, founded in December 2002 in Yerevan, has consistently been at the forefront of providing exceptional financial services to its clients. The bank’s activities include providing investment services such as custody, brokerage and forex services to its wide range of clients. Ardshinbank is offering its clients the unique advantage of tapping into its extensive partners and correspondents network. This global network enables clients to access the best investment services, leveraging Ardshinbank’s strategic relationships around the world.

OLYMPIC Banking System will cover the end-to-end operational chain for securities (equities, bonds, funds, derivatives, etc.) and traditional FX products (spots, forwards, swaps). These products will be administer within OLYMPIC Banking System with functionalities for securities transactions, delivery management, settlement/custody, accounting and cash management. Finally, the bank plans to implement ERI’s digital banking platform featuring transfer/payment orders, securities orders and FX orders. The banking platform will be integrated with the bank’s mobile banking application for the retail business.

“Welcoming Ardshinbank as an esteemed member of our client community emphasizes the strength and capabilities of our core banking system. This collaboration fills us with excitement as we embark on a collective mission to drive success in the dynamic realms of digital banking, securities, and forex operations, forging a promising path forward together.” Jean-Philippe Bersier, Director of Sales & Marketing, ERI

“As we navigate the dynamic landscape of modern investment banking, we are thrilled to adopt a cutting-edge system that will streamline and digitise our investment services front-to-back operations. This strategic move underscores our dedication to providing best-in-class investment services to our clients and positions us at the forefront of technological innovation in the industry.” Harutyun Isipryan, Chief Digital and Talent Officer, Member of the Management Board

About Ardshinbank
Ardshinbank CJSC was founded in December, 2002. It is a universal financial and credit institution offering a full range of banking services. Among the priorities of the bank’s activities are project financing of large corporate customers, primarily in the strategic industries and energy sector of Armenia, as well as lending to small and medium-sized businesses, emission and service of plastic cards, e-banking, and international money transfers. The bank is the only private entity in Armenia with assigned ratings from three international rating agencies -S&P Global Ratings, Moody’s and Fitch. The bank has the largest branch network in the county: 65 branches in Yerevan and the regions of Armenia, and one representative office in Paris, France. In 2023, Ardshinbank achieved recognition, and earned multiple prestigious accolades, including the prestigious title of Bank of the Year in Armenia from The Banker magazine—an esteemed international financial publication affiliated with the Financial Times Group.

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