YEREVAN, February 7. /ARKA/. The credit portfolio of Areximbank-Gazprombank Group amounted to about 74.7 billion drams as of December 31 2011, a 51% or 25.3 billion drams increase compared with the same period in 2010, the bank’s press service told ARKA.

Loans to corporate customers amounted to 62 billion drams (62.9% growth), loans to individuals- to about 12.7 billion drams, showing a growth of 11.7%, the press service reported.

Lending to small and medium businesses as well as to corporate clients was a priority of the bank in 2011, the press release says. In general, the bank provided 3.4 billion drams for lending to small and medium business and 57.8 billion drams to corporate businesses.

Areximbank –Gazprombank Group ( former Arerximbank) was established in August 1998 to support entrepreneurship and manage financial flows between Russia and Armenia. Areximbank - Gazprombank Group CJSC is the principal member of VISA and MasterCard international payment systems. -0-