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By The End Of Apr 2010 Unibank Will Open Three New Branches

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  • By The End Of Apr 2010 Unibank Will Open Three New Branches

    BY THE END OF APR 2010 UNIBANK WILL OPEN THREE NEW BRANCHES

    ArmInfo
    17.02.2010

    ArmInfo.By the end of Apr 2010 Unibank will open three new branches:
    two branches in Yerevan and one branch in Agarak.

    The press service of Unibank reports that the Avan branch will be
    opened in Feb, the branch in Achapnyak in Mar, the Agarak one in Apr.

    Operations Directors of Unibank Eliza Mheryan says that the new
    branches will provide the whole range of services, including UNIPAY
    utility payments. UNIPAY is already quite popular. The system was
    launched in Oct 2009 and now it has over 9,000 customers (with the
    total number of Unibank's customers being 85,000).

    By the end of this year Unibank will open nine new branches and will
    have a total of 43 branches all over the country. Simultanoeusly,
    the bank is redesigning its existing branches. In Mar the Artashat
    and Kapan branches will be moved to new better venues. By the end of
    June the bank will finish the new building of the Gyumri branch.

    According to the source, by the end of 2009 Unibank's assets grew by
    58% to over 108,6 bln AMD. Over the period under review, the capital of
    the bank made up 11,6 bln AMD, having grown by 22,8% as compared with
    beginning of the year. Provision of crediting increased by almost 43%
    to 66,7 bln AMD. In 2009 Unibank's obligations grew by 63,6% to 97
    bln AMD. Deposits exceeded 85,6 bln AMD, having grown by about 80%.

    The bank has considerably increased the volume of deposits of legal
    persons by 341% to 37,3 bln AMD. The volume of fixed-term deposits
    of individuals amounted to 45,4 bln AMD.

    The bank operates as a strategic partner of Uniastrumbank (Russia).

    From: Emil Lazarian | Ararat NewsPress
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