Unibank pays 1.9 billion drams in taxes for 9 months of 2016

18.11.2016 18:37
Unibank pays 1.9 billion drams in taxes for  9 months of 2016

YEREVAN, November 18. /ARKA/. Unibank paid a total of 1.9 billion drams in various taxes for the first nine months of the outgoing year, taking the 45th position in the list of the 1000 largest corporate taxpayers, the bank's press service reported today.

The Yerevan-based bank said its assets at the end of the third quarter stood at about 175 billion drams and the liabilities – at 143 billion drams. The bank’s total capital exceeded 31 billion drams, having surged by 41% from the same time span of last year. Since the beginning of the year the bank earned  622.6 million drams in profit.

Unibank is the first Armenian bank, whose shares were included in the core (A) list of NASDAQ OMX Armenia stock exchange.

Currently about 320,000 customers use Unibank’s services. To secure a convenient servicing the bank is expanding its branch network and the partner retail outlets. Today Unibank runs 46 branches, more than 50 promotional points and a representative office in Moscow, Russia.

Unibank continues also the delivery of active assistance to small and medium-sized enterprises, which make the backbone of the economy. In drafting its loan programs the bank takes into account the possibility of providing comprehensive assistance to SMEs, their needs and seasonality of their activities. More than 4,000 SMEs have chosen Unibank as a financial partner to build up their businesses and improve efficiency.

Unibank is actively cooperating with international lending institutions to increase its lending to the real sector of the economy and raise the availability of financial resources to SMEs. In particular, it is cooperating closely with the International Finance Corporation, the Black Sea Trade and Development Bank, the European Investment Bank and the German Bank KfW.

Unibank was founded in October 2001. In 2002 it introduced Unistream system. In 2015 the bank was reorganized to a open joint stock company. Some 93.5% of its shares are held by Ripatonso Holding LTD
($1 – 479.38 drams). -0-

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