Sun, 3 August
28.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Areximbank-Gazprombank Group’s outstanding credit portfolio grows by 27% to 62.6 billion drams

YEREVAN, July 20, /ARKA/. Areximbank-Gazprombank Group said its outstanding credit portfolio grew by 27% in the first six months of this year to 62.6 billion drams. The amount is equivalent to 78 percent of its assets, the bank said in a press release today. According to it, the bank’s assets grew by 16% in January-June to 80.5 billion drams as of July 1, 2011.

The bank’s total liabilities grew by 25% from the beginning of the year to 65.4 billion drams and its total capital in the first six months of the year stood at 15.1 billion drams while the charter capital at 12.3 billion drams. The profits before tax in the 6 months amounted to 528.5 million drams, having increased by 64% if compared with the same period of 2010. Today the bank has 15 branches – 6 in Yerevan, and 9 in the regions.

Areximbank-Gazprombank Group (formerly Areximbank, renamed in 2009) was founded in August 1998 to support the businesses and manage the financial flows between Russia and Armenia. The Bank is a principal member of international payment systems VISA International and MasterCard International. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img