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

Areximbank – Group of Gasprombank aims to bring its profit before tax to $4.6mln by end of 2013

YEREVAN, December 20. /ARKA/. Areximbank – Group of Gasprombank closed joint stock company intends to increase its profits before tax up to $4.6mln by the end of 2013, the bank’s press service told ARKA Agency.

According to the report, the bank is planning to increase funds attracted up to 114.3bln drams by the end of 2013; total assets are expected to grow up to 137.9bln drams and loan portfolio may reach 105.2bln drams.

Increased earning assets will enable the bank gaining a profit before tax of about $4.6mln, provided that return on assets and equity is within the average range, says the report.

According to the report, the company will augment its funds attracted by 21.0% by the end of this year, as compared to the beginning of the year.

Total assets are expected to grow by 21.6% and loan portfolio by 20.5% by the end 2012.

Increased earning assets will bring the profit before tax up to about $4.0mln by the end of the year.

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.–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