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

Unibank’s assets exceed AMD 200 billion

YEREVAN, January 17. /ARKA/. Unibank in 2017 enjoyed a fast growth in all segments of its activity and built up its assets to more than AMD 200 billion, the bank’s press office reported on Wednesday.

“The record indicator for the bank has been achieved thanks to a vigorous ramp-up of lending for the population and entities of the economy’s real sector and thanks to enhancement of the bank’s activity effectiveness and diversification of the portfolio’s business focuses and client segments,” Unibank says in its press release.

The bank’s total loan portfolio grew 13% in 2017, compared with the previous year, to AMD 127 billion.

Unibank considers applications for retail loans and unsecured business loans by using ProtoCRM automated system that has been developed by Protobase Laboratories.

ProtoCRM allows Unibank to estimate borrowers’ solvency very effectively and to compose clients’ profiles based on the bank’s own statistical data leaving no room for human factor in decision-making process.

More than 410,000 retail loan applications were considered in 2017, and the retail loan portfolio grew 15% to AMD 66.8 billion. The number of loans rose 26% to 255,000.

The number of loans provided via cards rose as well – by 220% to 26,000.

“The intensive increase of indicators shows that Unibank’s credit products are popular and highly demanded by the population,” the bank says in its press release. “Unibank has over 260,000 clients today.”

In 2017, Unibank continued developing also its lending to top-priority sectors of Armenia’s economy – the business loan portfolio grew 10% to AMD 60 million in 2017.

Gagik Zakaryan, chairman of Unibank’s board, said that the bank’s strategy for the next years implies even a more vigorous growth and a larger presence of the bank at the market.

“We are planning to reach a 45% retail lending growth and a 35% corporate lending growth before 2020 by providing products based on innovative technologies and catering for clients all real needs,” he said. “Nowadays, consumers of banking services are waiting for an opportunity to manage their financial resources in a simple and convenient way from any place in the world.
That is why we, remaining stuck to the principle “Bank is Always with clients”, are trying to provide online as many services as possible.”

Unibank was established in 2001. In 2002, the bank introduced Unistream system. The bank’s key shareholder is UNIHOLDING GG LIMITED. In 2015, Unibank was reorganized into an open joint stock company. ($1 – AMD 483.01). -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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img