YEREVAN, October 17. / ARKA /. Russian-owned Areximbank-Gazprombank Group said in a press release today it plans to increase its outstanding loan portfolio by 40% before yearend (including credit lines), compared with 2010 and bring it to 70 billion drams.

The bank said it had provided as of October 1 a total of 63.8 billion drams in loans (including credit lines), which made 74.6% of its assets, thereby ensuring a 2.4% growth in the third quarter. The growth from the beginning of the year was 29.9%.

Areximbank-Gazprombank Group’s total capital on October 1, 2011 stood at 14.9 billion drams, the assets at 85.5 billion drams and liabilities at 70.6 billion drams. In the first nine months the bank earned 683.5 million drams in net profit. ($1 - 375.16 drams). -0-