YEREVAN, July25. /ARKA/. The assets of Areximbank-Gazprombank Group surged by 43.6% or 35.1 billion drams to 115.6 billion drams as of June 30 of 2012 from a year earlier, the bank reported to ARKA.

The share of credits totaling in 90.3 billion drams or nearly 78.2% of the total assets is the largest in the bank’s assets. The credits allocated to legal entities prevail - 75.7 billion drams, up by 50.2%. The loans to individuals totaled 14.7 billion drams, increase by 20.1%.

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It operates monetary transfers via MoneyGram, Contact, Migom, Bystraya Pochta, Blizko and Unistream, as well as transfers without opening a bank account via Gazprom-Express from Russia to Armenia. In 2007 Russian Gazprombank acquired 100% stock of the bank. Today the bank has 16 branches 7 of which are in Yerevan, and 9- in regions. ($1-410.50 drams).  —0–