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Assets Of Armenian Unibank Grow 39% To $211 Million

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  • Assets Of Armenian Unibank Grow 39% To $211 Million

    ASSETS OF ARMENIAN UNIBANK GROW 39% TO $211 MILLION

    ARKA
    July 22

    Assets of Armenian Unibank reached $211 million in 2008, after growing
    39%, compared with the previous year, the bank's press office reports.

    The bank's credit portfolio has grown 31% ower the first half of 2008
    to $137 million.

    Unibank attracted $153 million in Jan/June 2008 (28% growth, compared
    with the same period a year earlier).

    Time deposits of individuals reached $101.3 million after growing 28%.

    Unibank was established in 2001. Uniastrum Asset Management holds 50%
    of the banks stocks and Evainvest OJSC holds the remaining 50%. ($1 -
    AMD 301.33)
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