Wed, 9 July
20.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Areximbank-Gazprombank Group aims for $4 mln in PBT by 2012’s out

YEREVAN, October 19. /ARKA/. Areximbank-Gazprombank Group plans to earn nearly $4 million in profit before tax (PBT)  this year through increasing earning assets, the bank reported to ARKA on Friday.

According to the source, the bank also intends to raise the volume of the  attracted funds by 21% by the end of 2012  from earlier this year.

“Moreover, by the end of this year, the bank plans to increase its total assets by 21.6%, and credit portfolio -by 20.5%,” the report states.

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

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img