{"id":29458,"date":"2011-11-09T14:42:15","date_gmt":"2011-11-09T14:42:15","guid":{"rendered":"https:\/\/armbanks.am\/2011\/11\/09\/234080\/"},"modified":"2024-12-15T12:53:37","modified_gmt":"2024-12-15T12:53:37","slug":"araratbanks-loan-portfolio-grows-38-67-to-amd-35-billion","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/11\/09\/29458\/","title":{"rendered":"Araratbank\u2019s loan portfolio grows 38.67% to AMD 35 billion"},"content":{"rendered":"<p><strong>YEREVAN, November 9. \/ARKA\/.<\/strong> Araratbank\u2019s loan portfolio has grown 38.67% or by AMD 9.8 billion since the beginning of this year, reaching AMD 35 billion by late September.<\/p>\n<p>\u201cThe bank has produced good financial results reaching a high growth in all its financial indicators,\u201d Ashot Osipyan, executive director of Araratbank, said at a news conference on Tuesday.<\/p>\n<p>He said that Araratbank\u2019s assets grew 6.39% or by AMD 4 billion over a period between January and September 2011 to AMD 6.7 billion.<\/p>\n<p>Individuals\u2019 time deposits grew 27.12% or by AMD 2.5 billion in Jan-Sept 2011.<\/p>\n<p>The number of the bank\u2019s plastic cards rose 44.25% or by 85,000 cards, and the number of clients rose by 130,000 people or 38.5% over the mentioned nine months.<\/p>\n<p>Osipyan also said that the bank\u2019s ROE is 20.6% and stressed that even 15% is considered attractive for international investors.<\/p>\n<p>He said that the bank earned AMD 1.7 billion in profits in Jan-Sept 2011. This amount, he said, may grow to AMD 2 billion later this year.<\/p>\n<p>Araratbank OJSC, the heir of Armsvyaz bank, was established in 1991. European Bank for Reconstruction and Development holds 25% of the bank\u2019s shares, 74.18% of the shares belong to Barsegh Beglaryan, owner of Flash petrol trader, and less than 1% to minority shareholders. ($1 = AMD 380.47) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Araratbank\u2019s loan portfolio has grown 38.67% or by AMD 9.8 billion since the beginning of this year, reaching AMD 35 billion by late September.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,12143],"class_list":{"0":"post-29458","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-araratbank","9":"tag-portfolio"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29458","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=29458"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29458\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=29458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=29458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=29458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}