YEREVAN, March 9. / ARKA /. Prometey Bank said today it had issued March 6 and privately placed EUR 10.0 million long-term subordinated bonds to a leading Swiss bank, as a result of which the amount of its regulatory total capital has grown by AMD 4.2 billion reaching almost AMD 23.0 billion.
The issuance of long-term subordinated bonds derives from the concept of Prometey Bank’s Long-Term Strategic Development Program and is aimed at the accomplishment of the issues stipulated in it, including the accomplishment of tightened requirements of CBA on the minimum amount of regulatory total capital of the banks as of January 1, 2017 with Prometey Bank’s own resources.
The bank said in a press release that it has always been among the Top-3 of Armenian banks by the maintenance of capital adequacy ratio, and in the Top-10 of the largest banks by the absolute values of total and regulatory capitals.
The bank’s assets in 2014 grew by 24% to 77.9 billion drams; its liabilities grew by 34% to 54.6 billion drams; its total capital grew by 5.7% to 23.3 billion drams; its authorized capital was worth 14.4 billion drams; its credit investments grew by 24.2% to 36.9 billion drams while its profit slashed by 21.5% to 1.1 billion drams. The bank, founded in 1990, is owned by Prometey City (49.97%) and Zakneftegazstroy-Prometey company (46.13%).-0-
