Newsfeed

March of Peace, Unity and Solidarity in Yerevan

U.S. Embassy in Baku offers excuses: California Senate's decision does not represent national foreign policy

Eduard Sharmazanov: Robert Kocharyan said nothing new

A Radisson Hotel may open in Armenia

Armenia institutes a criminal case suggesting international terrorism over Azerbaijan's fire attacks on Armenian borderline villages

VTB Bank (Armenia) presents gifts to children of Full Life NGO's Inclusive Summer Camp

Azerbaijan transfers Hakob Injighulyan to a third country

Armenian analyst considers Edward Nalbandian's participation in Turkish president's swearing-in ceremony to be a diplomatic mistake

Union of Banks of Armenia hosts discussions on development problems of Armenia's financial and banking sector

Volunteers from the Diaspora visit VivaCell-MTS headquarters

Robert Kocharyan is not optimistic about prospects of final settlement of Karabakh conflict

Edward Nalbandian invites Erdogan to visit Armenia on 24 April 2015

Robert Kocharyan: The regime able to forget personal interests is doomed to success

Beeline cuts down tariffs for fixed-line telephony services

Expert: California Senate-adopted Resolution - AJR 32 is a response to Baku's blackmailing policy

Robert Kocharyan: It would be wrong thinking that Armenia's economy may gain from sanctions against Russia

Armenian Deputy Minister of Finance: The stadium will not pay off all debts of Armavia

Armenian Cause and Cyprus among key items on Ahmet Davutoglu's agenda

ACBA-Credit Agricole Bank issues student loans within 15 minutes

SCR CJSC to attend sitting of Traffic Safety Committee of Council for Rail Transport in Minsk on Sept 2-3

Edward Nalbandian makes a statement on the Resolution of California Senate recognizing the Independence of Artsakh

Expert: Yerevan's refusal to participate in Turkish president's swearing-in ceremony could put international pressure on Armenia

David Babayan: Azerbaijan's stand on Yazidis of Iraq describes it as a Nazi country

David Babayan: Recognition of NKR's independence by California is equivalent to recognition by a big and influential state

VTB Bank (Armenia) consumers may now get standing orders for paying for Beeline services

Anelik Bank presents a new credit product - Simple-Fast Extra

Alexander Manasyan: In big-league politics Erdogan's anti-Armenian statements are a trifle

Areximbank-Gazprombank Group mulls increasing loan portfolio growth target in 2014

  • by Erik Abrahamyan

  • Friday, April 11, 14:52

  In 2014 Areximbank-Gazprombank Group is expected to increase the loan portfolio to 98 bln drams, the Bank press-service told ArmInfo. According to the Progressive Development Program of Areximbank-GPB Group CJSC, which was approved by the shareholder, the bank will be waging conservative and balanced loan policy, maintain the high level of the loan portfolio and ensure high liquidity, as well as to boost SME financing and consumer lending. Thus, the bank plans to increase the corporate loan portfolio to 80.5 bln drams and personal loans to 17.5 bln drams. 

The loan portfolio will be increased on the funds provided under international programs and at the expense of the local market resources. In 2013 the loans and other funds provided to the customers totaled 92 bln drams.

According to the Financial Rating of Armenian Banks prepared by ArmInfo, total capital of Areximbank- GPB Group for 2013 grew 27.4% to 21.4 bln drams. Net profits of the bank for 2013 totaled 475.9 mln drams. General obligations doubled totaling 212.1 bln drams due to the growth of call liabilities and time deposits (15%). Assets of the bank also doubled in 2013 reaching 233.5 bln drams.  Areximbank-GPB Group was founded in 1998 to support entrepreneurships and serve financial flows between Russia and Armenia. In 2007 the bank became the subsidiary of Gazprombank OJSC, Russia. The bank entered the Armenian financial market with the growth of Russian investments in economy of Armenia and the needs of big corporate customers in full range of banking services.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields