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-
