Sun, 26 October
18.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Areximbank-Gazprombank group’s total assets up 36.5% to Amd 112.3 bln

YEREVAN, October 18. /ARKA/. Total assets of Areximbank-Gazprombank group surged by 30 billion drams or 36.5% to 112.3 billion drams as of 30 September 2012 from the same period a year earlier, the bank told ARKA on Thursday.

In the third quarter of 2012 Areximbank-Gazprombank group reported growth in its principal indicators from 2011. As of 30 September 2012 loans and advances totaled 88.4 billion drams, which is higher by 38.1% or 24.4 billion drams from 2011.

The total liabilities of the bank rose by 28.9 billion drams or 43.3% to 95.8 billion drams within the reported period. Liabilities to clients increased by 15.2 billion drams or 59.1% to 40.9 billion drams. Means of legal entities climbed by 6.7 billion or 69.1% to 16.4 billion drams, and funds of individuals- by 8.5 billion drams or 53.1% to 24.5 billion.

As of 30 September 2012The total equity of the bank hit 16.5 billion drams, which is higher by 1.1 billion drams or 7.0% compared to the same 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. The bank has 16 branches, of them in 9 regions of Armenia, and 7- in Armenia’s capital Yerevan.—0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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

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

LATEST NEWS

spot_imgspot_imgspot_img