YEREVAN, July 2. /ARKA/. Unibank summarised 2024 with a profit of 8.2 billion AMD, of which 7.8 billion AMD will be paid for dividends – almost twice as much as the previous year. The decision was taken at the shareholders’ annual general meeting of “Unibank” OJSC.
2024 was a year of confident and steady growth for Unibank. The bank achieved significant results in all key areas of the operation, reinforced the market position and remained true to its main goal – to be a reliable, innovative and customer-oriented financial partner.
Thanks to the successful placement of shares, the Bank’s capital increased by 9%, exceeding 44.2 billion AMD. The return on equity (ROE) increased by 7.3 percentage points and amounted to 18.8%.
In 2024, Unibank took a significant step forward in its digital transformation. The number of the UNIMobile application users increased almost 3 times compared to 2023. The bank launched the UNIBusiness Mobile application for legal entities and an Internet acquiring service that allows entrepreneurs to accept online payments on websites and in online stores.
In the reporting year, the Bank’s retail loan portfolio increased by 36%. Thanks to the introduction of AI technology in credit scoring, the bank continued to actively expand lending, maintaining its leading position in the number of POS loans.
The bank actively worked in the direction of mortgage lending, including under state programs. Unibank became one of the key participants in the state support program for housing affordability for the people forcibly displaced from Artsakh. In 2024, the mortgage loan portfolio almost doubled.
Small and medium businesses, as one of the key drivers of economic growth, are traditionally in the center of our attention. As of the end of 2024, the volume of the corporate loan portfolio increased by 35%. Thanks to the automation of the application review process for express lending, Unibank’s unsecured business loan portfolio increased by 21% compared to the previous year, and the number of loans grew by 30%. Unibank doubled its business-leasing portfolio due to the launch of new products and an information campaign to raise awareness of the benefits of this service.
International transfers are one of the most popular services among customers, thus, Unibank strives to offer them the most favorable conditions and modern functionality. In 2024, Unibank created the Armenian money transfer payment and settlement system UBPay, the mission of which is to help people transfer money worldwide easily and instantly. The platform offers a robust and intuitive API, making it seamless for banks and remittance firms to integrate our money transfer services.
Another area that was developed in 2024 is Unibank Invest, an investment platform that offers clients direct access to international stock exchanges, including NYSE, NASDAQ, LSE, XETRA, and others. The platform is available through a modern web terminal and a mobile app.
One of the key priorities of our long-term strategy is to increase the bank’s investment attractiveness and enter international securities markets. In 2024, we successfully placed the 7th issue of the bank’s shares in the amount of 4 billion AMD. The volume of bonds issued in the reporting year increased by 61%. Unibank was the first in Armenia to issue subordinated bonds, and placed them ahead of schedule, which showcases high public confidence.
At AMX AWARDS 2024, Unibank was recognized as the best in two nominations: “Best Equity Issuer on the Exchange” and “Best in Secondary Equity Market”.
Due to a significant improvement in loan book quality and profitability over the last two years, in June 2025 Moody’s has upgraded Unibank ratings to B1, which indicates the strengthening of the bank’s financial position and its reliability for investors and clients.
To a large extent, success has been achieved thanks to the development of the “Healthy Finances – Save Future” strategy. All financial solutions we have implemented contribute to making banking services accessible and useful for every client. The goal of our strategy is to help people make informed and effective decisions to ensure a secure future.-0-
