Areximbank-Gazprombank group plans to increase its credit portfolio by $30 million this year

Banks

YEREVAN, October 25, /ARKA/. Areximbank-Gazprombank Group said it plans to increase its credit portfolio by $30 million before the end of this year to raise it to 50 billion Armenian Drams.

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system.

The bank is owned fully by Russian Gazprombank and has 6 branches in Yerevan and 9 in regions. According to its press release, on October 1 its credit portfolio was 42.5 billion Drams. -0-

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