Tue, 8 July
29.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Net profit of Areximbank – Gazprombank Group ups to 1.244mln drams over 2012

YEREVAN, January 31. /ARKA/. Net profit of Areximbank – Gazprombank Group grew by 20.8% to 1.244mln drams over 2012, the bank’s press service told ARKA Agency. This rise was caused mainly by an increase of 390 million drams in net interest income, according to the report.

Consequently, the bank’s capital increased 7.9% to 16.956mln drams.

The bank’s assets amounted to 123.419mln drams as of January 1, 2013 (28.7% increase).
Loans extended to organizations and individuals in 2012 grew by 22.9% and totaled 91.783mln drams. Corporate client credit portfolio grew by 23.3% to 76.436mln drams over the year and individual loan portfolio rose by 21.1% to 15.348mln drams.

Deposits at the bank reached 39.105mln drams, an increase of 19.4% over the period. Individual deposits alone rose surged by 54.8% to 28.243mln drams.

The 2012 performance results enabled the bank improving its return on equity, according to the report.

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.

The bank has 16 branches, including seven branches in the capital.–0–

spot_img

POPULAR

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.

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.

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

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

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.

LATEST NEWS

spot_imgspot_imgspot_img