Sat, 23 August
34.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Unibank’s 1st Q 2016 profit amounts to AMD 212 million

YEREVAN, May 11. /ARKA/. Unibank’s 1st Q 2016 profit amounts to AMD 212 million, the press office of the bank reported o Wednesday.

According to the press release, the bank showed goods financial results in all the segments of its activity in the first quarter and continued building up its profit.

Unibank’s assets reached AMD 170 billion and liabilities AMD 146 billion.

The bank also was 41st among Armenia’s 100 biggest taxpayers with its AMD 628.5 million transferred to the government budget.

The increased lending, which exceeded AMD 119 billion, was one of the factors of assets’ growth.
Unibank views expansion of the range of products and self-service transactions as well as development of remote channels, such as Internet banking and mobile banking, as top-priority objectives in retail business.

The bank’s loan portfolio amounted to more than AMD 55 billion in the first quarter.

Unibank also continued supporting small and mid-scale businesses and private entrepreneurship trying to build up its lending to the real sector of the country’s economy.

Unibank has lent about AMD 5 billion to SMEs over the first quarter 2016. This amount is six times greater than that of the same month s year earlier.

Deposits at the bank totaled AMD 125 billion in late March after growing 11.6% over the quarter.
Individuals’ time deposits grew by AMD 792 million to AMD 85 billion.

“In accordance with its development strategy, Unibank take necessary steps in 2015 to enhance its business effectiveness and investment attractiveness as well as to ensure stability and increase to its capital, as one of the factors necessary for successful and constant development,” the bank says in its press release.

In April 2016, the bank embarked on an additional emission of bonds totaling AMD 5.2 billion and placed all of them at the stock exchange. As a result, its total capital reached AMD 24.6 billion.

Now Unibank has 45 branches and 54 promo offices. It cooperates with more than 500 trade and services organizations.

Some 40,000 people enjoyed Unibank’s services in 2010, while now the number of the bank’s clients reaches 300,000.

Taking into consideration, the population’s interest in securities, Unibank started issuing two-year dollar coupon bonds totaling $5 million with 8% return rate. The coupon profit will be paid once in every quarter.

The minimum number of bonds for sale is 10 worth $1,000 (nominal price for one bond is $100).

The bonds are expected to be listed at NASDAQ OMX Armenia stock exchange after placement.

Unibank was established in 2001. I 2002, it introduced Unistream system. Glovery Holding LTD is the sole shareholder of Unibank. In 2015, the bank was reorganized into an open stock company. –0—

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img