Unibank’s fixed deposits double in late October rising to 76.3 billion drams

YEREVAN, November 17, /ARKA/. Unibank said in a statement today its fixed deposits doubled in late October from a year before rising approximately to 76.3 billion Drams.

According to the statement, the volume of individual fixed deposits rose to 50 billion Drams, corporate fixed deposits rose by 5.4 times from January 2008 to 26 billion Drams. In this sense Unibank remains one of the leaders in Armenia’s banking sector.
Presently Unibank offers a series of personalized deposits-Uni-Champion, Uni-Accumulative, Unistream-Express, Stability, Time privileged deposits.

The maximum interest rate on deposits in Armenian Drams is 10% and 9% in hard currencies.

As of late September 2009 Unibank’s assets totaled 107.4 billion Drams, liabilities-95.7 billion Drams, liabilities before clients -88.5 billion Drams, its aggregate capital was 11.6 billion Drams, the net profit in January-September totaled 455 million Drams.($1 – 387.74 Drams). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

LATEST NEWS

spot_imgspot_imgspot_img