YEREVAN, February 16. /ARKA/. Artsakhbank’s mortgage portfolio grew 30.95% in 2010, reaching AMD 6386.8 million by late December, the bank’s press office reported on Wednesday.
The bank’s consumer loan portfolio grew 26.9% to AMD 14554.9 million.
Artsakhbank ranked third among Armenian banks for its ROE (19.82%) in 2010.
The bank’s individual deposits grew 56.13% in 2010. Dram deposits grew by 62.34%.
Artsakhbank, with its AMD 1662 million in profits, was the eighth largest profit-gainer among Armenian banks in 2010.
Artsakhbank CJSC was established on the Nagorno-Karabakh president’s decree in December 1995.
Vartan Sirmakes from Switzerland holds 43.13% of the bank’s shares, and 44.08% belong to Hrach Kaprielian from the United States. ($1 = AMD 365.4). -0-
