Mon, 28 July
37.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Areximbank-Group of Gasprombank managed its risks efficiently in 2012

YEREVAN, December 18. /ARKA/. Areximbank – Group of Gasprombank managed its risks efficiently in 2012, the bank’s press service reported.

According to the report, an integrated risk management system was introduced in the bank in 2010. The system includes risk assessment in developing policies and banking procedures, continuous monitoring of risk levels, risk and risk escalation reporting to the management and the parent company, Gasprombank ojsc.

The bank’s risk management policy is focused on maintaining a closed forex position and coordination of maturities of assets and liabilities.
As of the end of the third quarter 2013, foreign exchange and interest risks were only 0.01% and 0.13% respectively.

The bank maintains regular strict control over contractual and predictive liquidity, the required amount of high-quality liquid assets. It makes regular analyses of accessibility of additional funding.
As concerns lending risks, the bank applies principles of return, loan security and mandatory involvement of risk management in respect to lending risk-bearing transactions.

Consequently, the loan portfolio grew by 18% by the end of the third quarter, as compared with the end of 2011. At the same time, the quality of the loan portfolio has improved, says the report.
Introduction of internal ratings system at the end of 2012 has become another serious risk management step that enabled the bank assessing creditability of borrowers based on a joint systemized approach.

All these measures helped the bank get closer to desired profits under acceptable risk conditions, the press service said.

Areximbank-Gazprombank Group closed joint-stock company was founded in 1998 to support entrepreneurs and to handle financial flows between Russia and Armenia. The bank is fully owned by Russian Gazprombank.

In 2010, AB Certification (France) Audit Company granted ISO 9001:2008 international certificate of compliance to the bank. In 2012, the bank received ISO 27001: 2005 certificate of compliance from Certification International United Kingdom. –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img