Areximbank-Gazprombank Group’s i quarter total assets climb 33.1% to AMD 107.5 bln

YEREVAN, April 28. /ARKA/. Total assets of Areximbank-Gazprombank Group jumped 33.1% or 26.7 billion drams to 107.5 billion drams in the first quarter of 2012 from the same period a year earlier, the bank press service reports ARKA.

The bank reported rise in all principal indicators within the reported period, the press release says. In particular, credits and other loans to the clients climbed 48.7% or 27 billion drams to 82.4 billion drams in the first quarter of 2012 compared to the analogical period last year.

Total liabilities of Areximbank-Gazprombank Group advanced 39.4% or 25.9 billion drams to 91.5 billion drams within the reported period.

At the same time liabilities to the clients rose by 24% or 8.1 billion to 42.0 billion drams. Legal entities’ means gained 1.2 billion or 6% to 21.9 billion drams, and individuals’- to 20.1 billion drams ( growth by 6.9 billion drams or 52.2%).

According to the source, total capital of the bank increased by 5.8% or 871 million drams to 15.9 billion drams as of March 31 of 2012 from the analogical period a year earlier.

Areximbank-Gazprombank Group CJSC (former Areximbank, renamed on June 12, 2009) was established in August 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. Russia’s Gazprombank has been the sole owner of the bank since 2007.
Areximbank – Gazprombank Group is a member of VISA International and MasterCard International payment systems as well as ArCa local payment system. ($1 – 392.29 drams). –0–

spot_img

POPULAR

VTB (Armenia) offers corporate clients effective solutions for managing idle funds

VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

Climate risks at the settlement level: Central Bank of Armenia unveils new tool

The Central Bank of Armenia, with the support of the Asian Development Bank, has unveiled the "Armenia Climate Risk Maps" program, which enables the assessment of climate-related and natural threats specific to various territories at the settlement level.

Unibank Joins the Armenian Solar Energy Association

Unibank has joined the Armenian Solar Energy Association (ASEA), which brings together companies in the renewable energy sector.

Financial literacy among children: Idram&IDBank

Did you know that, on average, only 11% of 15-year-old students in OECD countries demonstrate capabilities corresponding to the highest, 5th level of financial literacy?

LATEST NEWS

spot_imgspot_imgspot_img