YEREVAN, June 27. /ARKA/.  Unibank's Annual General Meeting was held on June 24, 2022 in real time through Zoom application in the form of unified presence, the Bank's press service reported today.

It said the shareholders general meeting reviewed the results of the Bank's activity in 2021 and presented further development programs.

"In the reporting year, the Bank did a lot of work to overcome the setbacks of 2020 and to ensure dynamic development and growth. A significant achievement of the year was an increase in the bank's capital. As a result of the placement of preferred shares Unibank increased its authorized capital by about 1.1 billion drams," said Gagik Zakaryan, Chairman of the Board of the Directors.

Today Unibank runs 57 branches across Armenia and services over 330,000 customers. In 2021 the Bank opened Arin Berd and Moskva branches and renovated and modernised Tashir Kentron, Teryan, Amiryan and Yeritasardakan branches.

In 2021 the Bank retained its leading position in terms of the number of POS-credits issued. SME Banking Club recognized Unibank as one of the best banks offering business loans in the region. In 2021 the Visa international payment system awarded Unibank 'The highest Cross-Border Share in Visa Business Volume".

The Bank, as an active participant of the bond market, has carried out a total of 18 bond issues, placing about 4.3 billion drams and $39.5 million worth bonds.

"Increasing financial stability, investment attractiveness, improving the risk management system and the quality of assets continued to be a priority for the bank," Unibank Executive Board Chairman Mesrop Hakobyan said, presenting the report.

According to the results of 2021, the assets of Unibank made 252.8bln drams, having increased by 6.2% from the previous year. Loan investments made 135.4 billion drams. Liabilities increased by 9% to 222.1 billion drams.

Within the framework of the social responsibility program Unibank continued supporting the educational sphere, helping schools of near-border regions. The Bank also became the permanent partner of All-Armenian intellectual movement.

One of the priorities of the Bank for 2022 is the capital increase through additional issue of shares, development of cooperation with international financial institutions, increasing the share in the retail lending market, application of "green" financing experience as a long-term global trend, fintech expansion, including artificial intelligence in lending, etc. -0-