{"id":72092,"date":"2014-02-26T14:09:49","date_gmt":"2014-02-26T14:09:49","guid":{"rendered":"https:\/\/armbanks.am\/2014\/02\/26\/240353\/"},"modified":"2024-12-15T13:10:06","modified_gmt":"2024-12-15T13:10:06","slug":"armenian-development-banks-assets-tripled-to-more-than-70-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/02\/26\/72092\/","title":{"rendered":"Armenian Development Bank\u2019s assets tripled to more than 70 billion drams"},"content":{"rendered":"

YEREVAN, February 26. \/ARKA\/.<\/strong> Armenian Development Bank has tripled its assets over three years to more than 70 billion drams, Karen Sargsyan, chairman of the bank\u2019s board, said Wednesday at a news conference while summarizing the bank\u2019s activity for 2013.<\/p>\n

\u201cThe bank\u2019s assets totaled about 24.7 billion drams three years ago, and it means they have grown approximately three times,\u201d he said.<\/p>\n

The bank\u2019s liabilities exceeded 60 billion drams by the end of 2013. Its assets grew 37.4% over the year and liabilities 42.8%.<\/p>\n

\u201cArmenian Development Bank is third among the country\u2019s banks in building up assets and third in increasing liabilities \u2013 it showed 64% and 78% growth respectively,\u201d Sargsyan said.<\/p>\n

He also said that the bank\u2019s loan portfolio amounted to about 37 billion in 2013 against 34.9 billion in 2012. Lending to small and mid-scale businesses made up 60% of the bank\u2019s loan portfolio in 2013.
\nThe bank had 25,000 clients in 2013 \u2013 29% growth since the beginning of the year.\u00a0 It earned 881.6 million in profits in 2013 \u2013 37% growth, compared with the previous year.<\/p>\n

Answering ARKA News Agency\u2019s question, Sargsyan said the bank intended to offer a new range of services to the market, particularly mortgage lending.<\/p>\n

The bank is also going to open new branches \u2013 two in Yerevan\u2019s Kentron and Malatia-Sebastia administrative districts and one in a province. Now it has seven branches.<\/p>\n

Armenian Development Bank was established in 1990. The bank\u2019s shareholders are Ruben Hayrapetyan (19.98%), Araik Mekhakyan (16.95%) and Grikor Termenjyan (16.03%). ($1 \u2013 AMD 412.73). -0—<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenian Development Bank has tripled its assets over three years to more than 70 billion drams, Karen Sargsyan, chairman of the bank\u2019s board<\/p>\n","protected":false},"author":1,"featured_media":160367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12293,15763,15419,466],"class_list":{"0":"post-72092","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-adb","11":"tag-growth-2","12":"tag-466"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/72092","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=72092"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/72092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/160367"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=72092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=72092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=72092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}