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Areximbank-Gazprombank Group Plans To Increase Its Loan Portfolio By

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  • Areximbank-Gazprombank Group Plans To Increase Its Loan Portfolio By

    AREXIMBANK-GAZPROMBANK GROUP PLANS TO INCREASE ITS LOAN PORTFOLIO BY 40% TO 70 BILLION DRAMS

    ARKA
    Oct 17, 2011

    YEREVAN, October 17. / ARKA /. Russian-owned Areximbank-Gazprombank
    Group said in a press release today it plans to increase its
    outstanding loan portfolio by 40% before yearend (including credit
    lines), compared with 2010 and bring it to 70 billion drams.

    The bank said it had provided as of October 1 a total of 63.8 billion
    drams in loans (including credit lines), which made 74.6% of its
    assets, thereby ensuring a 2.4% growth in the third quarter. The
    growth from the beginning of the year was 29.9%.

    Areximbank-Gazprombank Group's total capital on October 1, 2011
    stood at 14.9 billion drams, the assets at 85.5 billion drams and
    liabilities at 70.6 billion drams. In the first nine months the bank
    earned 683.5 million drams in net profit. ($1 - 375.16 drams).


    From: Baghdasarian
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