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UN Council on Human Rights Adopting Armenia's Resolution on Genocide Prevention

Turkish Deputy: Karabakh Conflict to be Settled within Azerbaijan's Territorial Integrity

Turkey Hoping the European Commission Will Not Recognize the Armenian Genocide

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Kiev Events Dedicated to the Armenian Genocide Centennial

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Villagers address a letter to Armenian Prime Minister over a tailing dump of Akhtala Mining Plant

Armen Rustamyan: ARFD's coalition with authorities depends on whether its 7 proposals will be fulfilled

Heritage Party about negotiations with president: "Terrorists hijacking planes are bad guys, but we have to negotiate with them to save hostages"

Parliamentary forces do not support Founding Parliament movement's steps

Head of Chinari rural community: Tension on the border should not cause panic

"Never Again" - Films telling about Genocide of Armenians screened at Sofia Film Festival

Nikol Pashinyan Tore to Bits SCPEC Armenia's Head

Armenian Assembly of America urges US Subcommittee to allocate $40 million in assistance to Armenia

Orange Contributing to the Project "Bringing Sight to Armenian Eyes"

Defense Ministry of Armenia sets up special organization to manage Karen Demirchyan Sports and Concert Facility

Beeline Announces "Information Technologies in my Life" Contest

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Zhirair Sefilian: the "Founding Parliament" to Start 24/7 Tea Parties since April 24

Washington Forecast: USA Paying More Attention to Baku as a versus to Armenian-Russian Axis

Seyran Ohanyan: Russia assists Armenia globally

Tigran Urikhanyan leaves Prosperous Armenia Party

VTB Armenia Mortgage Portfolio to Increase by 10-20% in 2015

Baku blacklists journalists for attending medias forum in Yerevan

Defense Minister of Armenia says reasons why Armenian soldier crossed border into Azerbaijan must be sought in his family

Azerbaijan uses mortars on Line of Contact

Armenian soldier dies from heavy wounds received when repelling adversary

Traian Hristea: Metsamor NPP Prescheduled Shut-Down is the EU Main Purpose

Defence Minister: the Situation on the Front Line is Under Control of Armenian Armed Forces

In 2014 VTB Armenia Strengthened its Positions in Retail Business

VTB Armenia Bank Investments in Branch Network Modernization Exceeding 5 Million USD

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Raffi Hovannisian: Meeting of Armen Martirosyan and Rubik Hakobyan with Serzh Sargsyan does not run contrary to Heritage Party's stand

South Caucasus Railway: Efficiency of investments in railway infrastructure of Armenia evident

Magnitude 3.7 quake hits north of Armenia

British parliamentarian demands Government to recognize Genocide of Armenians

Valery Gergiev's concert in Yerevan postponed

Beeline supports screening of "Komitas: Crane of Melancholy" film-performance

Parliament Vice-Speaker Harshly Criticizing Levon Ter-Petrosyan's Speech on the Centennial of the Genocide

ACBA-CREDIT AGRICOLE BANK: new capacities on a new website

Ishkhan Mkhitaryan: Armenian Card ready for technological leap in credit card market

Ministry of Defence Armenia: The Karabakh Conflict Zone Situation is Tensed, but Under Control

Inspections Performed in Akhtala Ore Mining Plant

Former employees of Nairit Plant demand their wages again

Armenian Foreign Ministry tries to find out if there were Armenian citizens of board the crashed Airbus A320

Levon Ter-Petrosyan introduces his own option of All Armenian Declaration on 100th Anniversary of Armenian Genocide

Ukrainian political expert: Poroshenko due to abandon idea of Ukraine's liberation

National Assembly of Armenia passes draft resolution condemning Genocide against Greeks and Assyrians

Exclusive

Gyumri Branch of Areximbank-Gazprombank Group intends to lend nearly 600 mln AMD to SMEs by late 2014

  • by Karina Melikyan

  • Friday, July 11, 21:43

The Gyumri Branch of Areximbank- Gazprombank Group intends to lend nearly 600 mln AMD to SMEs and increase its total loan book to 1.270 bln AMD by late 2014. For comparison, Head of the Bank's Gyumri Branch Mnatsakan Dokhoyan pointed out that in 2013 the SME lending portfolio of the Branch was 470 million AMD. Small and medium enterprises are the focus of attention of not only the Gyumri Branch but also Areximbank-Gazprombank Group in general. 

He said that by late 2014 the Gyumri Branch is also planning to increase the number of its card service points to 18. Dokhoyan said that the Branch has already issued 16,300 cards, of which nearly 6,000 are active today. "These are very good indices for the Branch. I would also mention that the Bank has 6 ATMs in Gyumri (with about 120-140 mln AMD monthly turnover), as well as 14 POS terminals", he stressed. 

"The move of the Gyumri Branch into a new office (in 2013) has considerably increased the customer base.  Today our branch has over 10,000 customers, including 9685 individuals, 118 legal entities and 60 private enterprises", he said. "When the Gyumri Branch was launched in 2002, the servicemen of the 102nd Russian Military Base became our prime customers. Since 2003 the Branch has been transferring monetary allowances to the officers and contract soldiers to their plastic cards", he said. 

The customers of the Gyumri Branch of Areximbank-Gazprombank Group are state enterprises, large construction companies, small and medium enterprises, as well as educational institutions. 

As it was previously reported, Areximbank-Gazprombank Group is going to increase its loan book to 98 bln AMD by late 2014. Corporate loans are expected to grow to 80.5 bln AMD and personal loans - to 17.5 bln AMD. In 2014 the Bank is also planning to increase its SME lending portfolio to $31 mln both within the frames of international projects and at the expense of local resources. In 2013 the Bank's lending totaled nearly 92 bln AMD. 
To note, Gazprombank (Russia) is the sole owner of Areximbank-Gazprombank Group. The Bank's capital consists of 316,229 ordinary shares with the nominal value of 52,026 AMD each. As of 1 April 2014, the Bank had 16 branches (7 in Yerevan).

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