ArmInfo. Luxembourg holding company AGE S.A., operating within the Arins Group LLC ecosystem, announces the entry into a binding agreement with Dhabi Group to acquire Terabank JSC (JSC Terabank) and The Biltmore Tbilisi Hotel in Georgia. As noted in a statement provided to ArmInfo by Ardshinbank, AGE S.A. is subject to regulatory approval.
This transaction is in line with AGE S.A.'s commitment to (together with Arins Group LLC) to expand its presence in Europe and internationally, strengthen its service offerings, and deepen economic ties in key markets.
Georgia was chosen as a priority market for regional expansion due to its strong economic growth dynamics, proven and balanced macroeconomic policies, and effective financial sector oversight. It is a natural choice for the Group to begin its international expansion in neighboring Georgia.
The acquisition of Terabank JSC is expected to create significant opportunities to strengthen its position in the small and medium-sized enterprise (SME) segment, expand its corporate banking offerings, and build a scalable retail franchise in Georgia.
The five-star Biltmore Tbilisi Hotel, a landmark building in Tbilisi, represents a strategic investment in Georgia's hospitality and tourism sector. This reflects AGE S.A.'s long-term commitment. The country's economic success.
It should be noted that AGE S.A. is a Luxembourg holding company operating within the Arins Group LLC ecosystem. The latter is a leading financial holding company headquartered in Armenia. As of June 30, 2026, Arins Group's net assets amounted to $1.635 billion. Arins Group, through its subsidiaries - Ardshinbank OJSC, Armenia Insurance LLC, and Arins Capital Fund - provides comprehensive, customer-focused banking, insurance, and other financial services.
Arins Group holding includes Ardshinbank, a leading bank in Armenia, offering a wide range of universal banking services in the retail and corporate segments, small and medium businesses, and investment banking. As of June 30, 2026, Ardshinbank holds the leadership in key indicators: assets - $7.8 billion, total capital - $1.1 billion, total liabilities - over $6.7 billion, net profit for the first half of the year - $187 million. The bank, along with active retail lending, is also active in corporate lending to the industrial sector, construction, catering and services, SMEs, while actively financing the agricultural and trade sectors, and increasing its mortgage loan portfolio at a double-digit rate. Ardshinbank also leads in terms of return on equity and return on assets: ROE - 35.7%, ROA - 5.1%. The majority shareholder of Ardshinbank is Arins Group LLC. with a 98.92% stake.
Ardshinbank is the only company in Armenia with credit ratings from three international rating agencies: S&P Global Ratings.
- "BB-"/stable, Moody's - "Ba3"/positive, Fitch - "BB-"/positive. The bank has a rating equal to Armenia's sovereign rating, which is the highest possible rating for a private organization.
Ardshinbank is also the only legal entity in Armenia to have issued and placed several Eurobond issues on international financial markets. The latest bond placement, worth $600 million, was completed on January 14, 2026.
Ardshinbank is regularly audited by the Big Four. (currently Ernst & Young) and is a reliable partner of reputable international financial institutions, including Citibank and Bank of New York Mellon for US dollar clearing services, and Commerzbank, UniCredit, and Intesa Sanpaolo for euro clearing services.
Armenia Insurance is highly active in the property insurance business, with over 112,000 clients and a wide network of agents across Armenia (173 as of June 30, 2026). Based on the results of the first half of 2026, the company was the insurance market leader in net profit ($2.1 million, with a 2.1x annual growth) and profitability (ROA = 7.2%, ROE = 16.9%).
Arins Capital consists of six sub-funds, each with its own specific investment strategies. The fund manages assets totaling over $1.017 million.
