Newsfeed

Head of Parliament Committee for State and Legal Affairs urges punishment of those burning cars of oppositionists

HSBC Bank Armenia customers have an opportunity to use a new service - Mobile Banking

Edward Sharmazanov: 'Black cat' is in Baku's bosom

Rostelecom awards prizes to rapid chess tournament winners

Turkey's Ambassador to Azerbaijan misinterprets German Ambassador to Armenia

With the support of Orange France more than 1,37 million EUR donation pledges were registered during the Phonethon 2014

Beeline digitizes telephone network in Gandzak community and sums up results of fixed network modernization

Armenian Activist Appeals To Jailed Colleague In Azerbaijan

U.S. Ambassador to Armenia attends close debates at Parliamentary Commission on Foreign Relations

Tigran Balayan: Reaction of Azerbaijani MFA to Armenian FM Nalbandian's remarks at SIPRI again shows complete absence of arguments

Hayastan All-Armenian Fund's 17th Telethon raises $12.4 million versus $22.66 million in 2013

Viktor Soghomonyan: Robert Kocharyan did not meet Gagik Tsarukyan in Geneva

Non-power forces, except Heritage, reluctant to support Pashinyan's initiative to submit a draft resolution on impeachment of Armenian President for consideration of Parliament

No explosive device found at Zvartnots Airport

Orange Armenia starts accepting online payments through ArCa, MasterCard and Visa cards

Cemil Cicek: there are those trying to deceive the world by leading them to believe that Turkey committed genocide in 1915

Former foreign minister of Armenia international statements on incident with Armenian helicopter contained as never harsh criticism of Azerbaijan

Alexander Krylov: Problems in Russia’s relations with Untied States and EU in favor of global caliphate

Expert: An "open sky" policy was imposed on Armenia by the IMF and WB

Prime Minister of Armenia: Sudden devaluation of the Armenian dram will have an adverse effect on people's well-being, but positive effect on exporters

Azerbaijan involves Ukrainian journalists - the authors of the TV programme about Karabakh in the black list

Newspaper: ARF Dashnaktsutyun Party suffering from infighting

Hovik Abrahamyan: Government of Armenia is determined to conduct a policy of constructive engagement with the opposition

Cars of four oppositionists burnt in Yerevan

Shenik community kindergarten renovated with support of Beeline and COAF

Seyran Ohanyan: Baku should pay for its provocations

Yerevan has been negotiating with Russia on opening of a separate terminal for the cargo companies of Armenia at "Verkhniy Lars" check point

Jirayr Sefilyan: The reason of Baku's impudence is unwillingness of the Armenian parties to start the war

VivaCell-MTS implemented the November draw "365"

UNESCO puts an end to the arguments between Armenia and its neighboring states around lavash.

Armenian Parliament Commission for Economic Affairs endorses agreement of Armenia's accession to EEU

Gagik Minasyan: International community's no-address statements on Mi-24 helicopter incident will have serious consequences

Local producers in Armenia face problems as purchasing power in Russia falls and the Russian ruble depreciates

Orange Kino service now available as well in Cinema Star

Human rights defender: "Armenia shouldn't rush into responding to Azerbaijan "

Yerevan: The sooner Baku realizes impossibility of military resolution of Karabakh conflict, the faster the talks will lead to its final resolution

Human rights defender: Azerbaijan is colony of British Petroleum

Snow blocks Sotk-Karvachar road

Magnitude 2.6 earthquake hits Armenia

Central Bank of Armenia sees no serious inflation risks with changing national currency rate

Artsakh Defense Minister: Official investigation will give answers to all questions about downing of Armenian helicopter by Azerbaijan

Views from Moscow: Russian-Abkhazian treaty shot down project of railway to Armenia via Abkhazia and Georgia

Russian expert: Small countries should be maximally neutral in the cold war between the West and Russia

Russian expert: Project of unblocking of Armenia still has all chances to succeed

Russian expert: Format of military-political and economic union with Russia is convenient for ensuring Armenia's multi-level security

Beeline launches NON-STOP service

Russian expert: The US pressure upon Tbilisi hinders opening of the railway to Armenia

Elbat CJSC is planning to increase output by 30% in 2014

Beeline announces some changes in a number of mobile tariff plans

More than 21'000 people have visited www.orange5.am website and more than 4'100 shared their ideas for future

Areximbank-Gazprombank Group's profit increases by 56.1% and capital grows to 21.9 bln AMD

  • by Erik Abrahamyan

  • Monday, July 21, 17:46

 In the first half of 2014, Areximbank-Gazprombank Group's net profit totaled 547.6 mln AMD (up 56.1% versus Jan-June 2013). The press service of the Bank has told ArmInfo that this financial achievement increased the Bank's total capital by 2.6% to 21.9 bln AMD in Jan- June 2014. 

The source says that as of 1 July 2014, the Bank's assets amounted to 146.5 bln AMD. In the structure of the assets, the share of lending made up 56.4% or 82.6 bln AMD, including over 68 bln AMD in corporate loans and 14.6 bln AMD in personal loans. 

According to the Express Ranking of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), Areximbank-Gazprombank Group is ranked 8th in the banking sector of Armenia in terms of assets and total capital, and it is ranked 9th in terms of lending. The Bank's total capital increased by 27.3% over the year due to the tangible growth in profit and 33.2% increase in the authorized fund). In July 2013 the Bank's authorized capital was raised by 4.105 bln AMD to 16.452 bln AMD at the expense of the sole shareholder - Gazprombank (Russia). 

The Bank is ranked 6th in terms of authorized capital. In Q2 2014 alone, the net profit of Areximbank- Gazprombank Group amounted to 258.6 mln AMD (up 26.3% versus Q2 2013). The Bank reduced spending by 1.8% and increased revenues by 1.9%, which resulted in 54.3% rise in the pretax profit. The share of interest income makes up over 77%, with the share of non-interest expenditure being more than 41%. The Bank is ranked 11th in terms of revenues and 10th in terms in spending. On 30 June 2014 the AMD/USD exchange rate was 407.28 AMD/$1.

To remind, Areximbank-Gazprombank Group was founded in 1998. Gazprombank (Russia) has been its sole shareholder since 2007. 

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