Newsfeed

Armenian President: Armenian-Georgian relations are on all-time high level

Special offer for Orange Internet subscribers

Armenia's Defense Ministry Spokesperson denies Azerbaijan's reports on exchange of captives

Russian political expert is skeptical of Azeri-Turkish-Georgian plan to form a military alliance

Armenian Government to cut its passenger traffic subsidies to South Caucasus Railway

Armenia and Georgia to build a bridge of friendship between Bagratashen and Sadakhlo

Armenia to build a farm to breed Sevan trout

Georgia conducts active measures to eliminate consequences of landslide on Georgian Military Highway

The Prime Minister of Georgia was presented the 40-Year Old Armenian Brandy

Prime Minister of Georgia arrives in Yerevan

Natali Pharm Company to be licensed to import narcotic and psychotropic substances to Armenia

Sports and Concerts Facility after K. Demirchyan to be signed off to Defense Ministry of Armenia for debts

Azerbaijan breached ceasefire on the Line of Contact nearly 40 times over the last two days

Ruben Melkonyan: It is too early to speak about Ankara-Tbilisi-Baku axis

Aziz Tamoyan: 200 Yezidi families from Iraq will settle in Artsakh

Hovik Abrahamyan calls for taking his statements the right way

Beeline offers Let's Talk service to corporate customers

VTB Bank (Armenia) starts providing "diamond" lombard loans

Developing military cooperation among Georgia, Turkey and Azerbaijan is not dangerous for Armenia: Armenian Deputy DM

Armenian man who fired at Turkish Embassy emblem in Russia to wait for court verdict under arrest

Orange begins “Smartphonization of Armenia”: bring your old phone and get a new smartphone at half price

U.S. Ambassador to Armenia addresses parties to Karabakh conflict in Armenian

Economist: Vorotan Cascade of HPPs must remain under state management

NKR Defense Army Commander: Baku blackmailing OSCE Minsk Group

Investigation Committee: Karen Petrosyan might be abducted from Armenia's territory

Manvel Grigoryan: In case of war in Artsakh, the boys of oligarchs and statesmen will also be fighting

No single Iraqi Yazidi has so far applied to Armenia for refuge

VTB Bank (Armenia) prolongs working time at some of its branches

Beeline grants its customers 1,000 intra-network minutes or 1,000MW Internet traffic on their birthdays

Paruyr Hayrikian to embark on hunger strike on 8 September

Aziz Tamoyan: Yazidis are killed on the same scenario as Armenians in 1915

Hovik Abrahamyan: I cannot wave a magic wand to bring everyone out of the shadow

Nikol Pashinyan urges Parliament to provide privileges to residents of near border Armenian communities

Roman Pope to serve liturgy timed to Armenian Genocide centennial

Washington refuses to sell Cougar military vehicles to Baku

Exclusive

Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

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).

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