YEREVAN, December 17. / ARKA /. Areximbank-Gazprombank Group said today in a news release that it expects its outstanding loan portfolio to surge further by 17% in 2013 to 1.005.2 billion drams.
The Russian-owned bank said it expects its corporate lending to grow up to $202.6 million (an increase of 13.3% from 2012) and individual lending to $ 47.9 million (up 33.7%).
The bank said it will increase lending at the expense of funds raised abroad and inside the country.
Areximbank-Gazprombank Group said also it is not going to replenish its chartered capital next year.
On 30/11/2012, the bank’s outstanding loan portfolio stood at 89.7 billion drams, an increase of 27.6%, or 19.4 billion drams from a year earlier.
Areximbank – Gazprombank Group founded in 1998 to handle financial flows between Russia and Armenia is fully owned by Russian Gazprombank. ($ 1-406.60 drams). -0 –
