{"id":114693,"date":"2018-06-21T14:01:48","date_gmt":"2018-06-21T14:01:48","guid":{"rendered":"https:\/\/armbanks.am\/2018\/06\/21\/247584\/"},"modified":"2024-12-15T13:34:07","modified_gmt":"2024-12-15T13:34:07","slug":"unibanks-profit-for-first-quarter-exceeds-amd-472-million","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/06\/21\/114693\/","title":{"rendered":"Unibank’s profit for first quarter exceeds AMD 472 million"},"content":{"rendered":"

YEREVAN, June 21. \/ARKA\/.<\/strong> In the first trimester Unibank has made a profit of more than AMD 472 million, the bank’s press office reported on Thursday.<\/p>\n

On June 20, the annual general meeting of \u201cUnibank\u201d OJSC shareholders took place, where the results of the bank\u2019s work during 2017 were summed up and further plans were presented.<\/p>\n

According to the press release, during the reporting year the bank\u2019s assets have increased by approximately 9,5 % becoming AMD 202.7 billion, while the liabilities have exceeded the number of AMD 167,4 billion increasing by 11%.<\/p>\n

The total capital of the bank has been more than AMD 35.4 billion. The volume of the bank\u2019s loans has grown by 14% becoming more than AMD 135 billion.<\/p>\n

A great work has been carried out at Unibank in 2017 in regards to the improvement of the service quality and the services provided.<\/p>\n

As a result, Unibank has had a leading role in retail market providing more than 1 000 loans daily. Today, the bank has 360 000 clients and 173 shareholders.<\/p>\n

\u201cDuring the reporting year, Unibank has provided a high rate of growth in all the main spheres of its activity,\u00bb Unibank Board Chairman Gagik Zakaryan is quoted in the press release. \u00abThe improvement of the risk management system, portfolio diversification and extension of loan volumes has made the record index of Unibank\u2019s assets possible. The improvement of the bank\u2019s assets has also been evaluated by Moody\u2019s agency, the latter having raised Unibank\u2019s rating up to B2 level by stable forecasting. Today, the bank has 360 000 clients and 173 shareholders who consider Unibank a trustworthy and reliable partner.\u201d<\/p>\n

Unibank has continued its active growth in 2018 as well and has over-fulfilled the business plan.<\/p>\n

The Unibank says in its press release that it has made a profit of more than AMD 472 million in the first trimester, which will essentially contribute to the rise of the bank\u2019s investment attractiveness.<\/p>\n

\u201cIn the frameworks of the bank\u2019s development strategies, we are planning to make a profit of about AMD 4 billion in 2020. \u0422he market share of the bank\u2019s retail loans will be up to 13%, POS loans- up to 40%, corporative loans- up to 10%. We are also planning a rise in the quantity of banking cards making it more than 100 000 from 80 000\u201d, said Mesrop Hakobyan, CEO of Unibank.<\/p>\n

According to Unibank’s press office, the meeting of shareholders has confirmed the bank\u2019s Board as such: Gagik Zakaryan, Georgie Piskov, Vardan Atayan, Eduard Zamanyan, Hrahat Arzumanyan, David Papazyan, Artem Konstandyan.<\/p>\n

\u201cAs you know, there was a change in the bank\u2019s Management in 2017 and Mesrop Hakobyan took responsibilities of CEO, while Vardan Atayan accepted our offer to continue his work in the Board. Artem Konstandyan, the new Board Member of Unibank, also has a great banking experience. We are sure, that Unibank will actively continue its development as a client-oriented and innovative bank owing to the team work. We are grateful to our shareholders and clients for their trust and loyalty, and to the bank\u2019s staff for their team-work, as well. Also, special thanks to the Central Bank and to the Union of Banks of Armenia, for their support,\u201d said Gagik Zakaryan.<\/p>\n

Unibank was established in 2001. In 2002, it introduced Unistream system. Its principal shareholder is UNIHOLDING GG LIMITED. In 2015, the bank was reorganized into an open joint stock company. ($1 \u2013 AMD 482.02). –0—.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first trimester Unibank has made a profit of more than AMD 472 million, the bank’s press office reported on Thursday<\/p>\n","protected":false},"author":1,"featured_media":186777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12299,15791],"class_list":{"0":"post-114693","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-profit","11":"tag-unibank-3"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=114693"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/186777"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=114693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=114693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=114693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}