In Q1 2014 Areximbank-Gazprombank Group registers net profit of 289mln AMD

  • by Erik Abrahamyan

  • Tuesday, April 22, 15:30

In Q1 2014 Areximbank- Gazprombank Group registered net profit of 289mln AMD (143.1mln more in Q1 2013). As a result, the capital grew by 1.4% in Q1 2014 and by 27.3% as compared with Q1 2013 to 21.6bln AMD.

The press service of the bank reports that as of Apr 1 2014 its assets totaled 170.8bln AMD (38.5% more than in Q1 2013), where in loans made up 89.9bln AMD (74.4bln AMD in individual and 15.6bln AMD in corporate loans).

Deposits totaled 104.1bln AMD, including corporate deposits worth 69.1bln AMD and personal deposits worth over 35bln AMD.
Thus, in Q1 2014 the bank's return on equity grew to 5.42% against 3.49% in Q1 2013.

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