YEREVAN, October 18. /ARKA/. Total assets of Areximbank-Gazprombank group surged by 30 billion drams or 36.5% to 112.3 billion drams as of 30 September 2012 from the same period a year earlier, the bank told ARKA on Thursday.

In the third quarter of 2012 Areximbank-Gazprombank group reported growth in its principal indicators from 2011. As of 30 September 2012 loans and advances totaled 88.4 billion drams, which is higher by 38.1% or 24.4 billion drams from 2011.

The total liabilities of the bank rose by 28.9 billion drams or 43.3% to 95.8 billion drams within the reported period. Liabilities to clients increased by 15.2 billion drams or 59.1% to 40.9 billion drams. Means of legal entities climbed by 6.7 billion or 69.1% to 16.4 billion drams, and funds of individuals- by 8.5 billion drams or 53.1% to 24.5 billion.

As of 30 September 2012The total equity of the bank hit 16.5 billion drams, which is higher by 1.1 billion drams or 7.0% compared to the same period a year earlier.

Areximbank-Gazprombank Group CJSC (former Areximbank, renamed on June 12, 2009) was established in August 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. Russia’s Gazprombank has been the sole owner of the bank since 2007.

Areximbank – Gazprombank Group is a member of VISA International and MasterCard International payment systems as well as ArCa local payment system. The bank has 16 branches, of them in 9 regions of Armenia, and 7- in Armenia’s capital Yerevan.—0--