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

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

Members of the Armenian health insurance system will be able to receive bonuses for a healthy lifestyle

At a meeting on Thursday, the Armenian government approved the procedure for accruing bonus points within the universal health insurance system.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

LATEST NEWS

spot_imgspot_imgspot_img