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

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img