YEREVAN, May 21, /ARKA/. Russian-owned Areximbank-Gazprombank Group said its total assets climbed by 33.1 percent year-on-year in the first quarter of 2012 or by 26.7 billion drams to 107.5 billion drams.
According to a bank’s statement, outstanding loans which stood at 82.4 billion drams as of March 31, accounted for 76.7 % of all assets. The bulk of loans or 69.2 billion drams were provided to corporate customers. Lending to individuals made 9.6% of 13.2 billion drams, it said.
Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank. -0-
