YEREVAN, June 16, /ARKA/. Unibank said today it has successfully placed all 50,000 USD-denominated nominal coupon bonds with the annual yield of 8%. The Yerevan-based bank announced the placement of bonds with the face value of USD100 and maturity term of 24 months on April 8.
Coupon profit payments will be made quarterly, while the redemption of the bonds is slated for April 8, 2018, the bank said in a press release.
The minimum package includes 10 bonds worth $1,000. After the placement the bonds are expected to be listed at NASDAQ OMX Armenia stock exchange.
‘The significant interest in Unibank’s bonds and shares indicates a high degree of confidence of the population in it, as well as the bank’s effective and far-sighted strategy,’ Unibank said.
“Unibank has always kept pace with the times and global trends. By providing investment tools to the people the bank creates additional opportunities for profitable and long-term investment,” it says.
Unibank’s development strategy for 2016-2020 is expected to raise its share in the overall amount of deposits of the banking sector to 9% by 2020, the share in retail businesses to 13%, and the share in SME lending to 9.5%. The Yerevan-based bank also expects the number of its customers to increase to 430,000 and the amount of capital to 42 billion drams. The combination of these factors is expected to secure a profit of 5 billion drams by 2020.
The assets of the bank in the 1st quarter of 2016 amounted to about 170 billion drams, liabilities – to 146.5 billion drams, the total capital – to 23.2 billion drams, and the chartered capital to 15.6 billion drams. Its credit investment stood at 114.6 billion drams.
In the first quarter of 2016 Unibank earned 212 million drams in profit. . ($1- 478, 33 drams). –0—
