Tue, 1 July
25.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

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

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img