Tue, 24 June
24.1 C
Yerevan
USD: 386.08 RUB: 4.93 EUR: 442.60 GEL: 141.73 GBP: 516.54

Areximbank–Gazprombank Group planning to increase loan portfolio to 98bln drams in 2014

YEREVAN, April 11. /ARKA/. Areximbank– Gazprombank Group is planning to increase its loan portfolio up to 98 billion drams in2014, the bank’s press office reported.

According to its advanced development program, the bank will be implementing a conservative balanced crediting policy in 2014, will maintain high standard of its loan portfolio and high-level liquidity.

The bank intends to increase the share of loans to individuals and small and medium-sized enterprises, according to the report.

According to the bank’s projections, lending to organizations will reach 80.5 billion drams and loans to individuals will increase up to 17.5 billion drams.

The loan portfolio will be increased both through international programs and local market resources, says the report.

As of the end of 2013, loans and other lending to bank’s clients totaled about 92 billion drams.

Areximbank – Gazprombank Group was founded in 1998 to handle financial flows between Russia and Armenia. It is now owned by Russian Gazprombank. Bank successfully certified for compliance with international requirements of ISO 9001: 2008. It runs 16 branches, 7 of which are located in Yerevan and 9 in the regions. ($1=415.66drams).–0–

spot_img

POPULAR

VTB (Armenia) becomes official partner of Music for the Future Foundation

VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Moody’s upgrades long-term deposit ratings of Unibank to B1, outlook stable

Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Euro falls by 2.74 points against Armenian dram, while USD and ruble rise slightly.

The average market exchange rate of the US dollar against the Armenian dram as of June 18, 2025, increased by 0.16 points compared to June 17 and amounted to 384.44 drams.

LATEST NEWS

spot_imgspot_imgspot_img