YEREVAN, May 12. /ARKA/. Net profit of Areximbank-Gazprombank Group CJSC amounted 156.9 million drams in the first quarter of this year, the bank’s press office reported.

According to the bank’s press release, this financial achievement allowed the bank to increase its authorized stock to 9,435.6 million drams and its own capital by 60.1%, bringing it to 25,556.7 million drams.

Bank's assets as of April 1 of this year stood at about 107,341.6 million drams. The bank said also its liabilities were 81,784.8 million drams in early April.

The bank’s lending to businesses and individuals amounted to 67,562.4 million drams, including 55,039.1 million drams, lent to corporate customers and 12,523.3 million drams to individuals.

Funds placed by clients in the bank amounted to 40,334.4 million drams, including 30,336.3 million drams by individuals and 9,998.1 million drams by legal entities.

In January 2015, Areximbank-Gazprombank Group increased its authorized stock by 9.4 billion drams or $20 million, through an issue of additional shares by the sole stockholder, the Russian Gazprombank. Hence, the authorized stock of the bank totaled 25.9 billion drams, the second biggest in the Armenian banking system.

Areximbank - Gazprombank Group was founded in 1998. The bank is a 100 percent subsidiary of Russian Gazprombank. ($ 1 - 480.49 drams). –0--