Areximbank-Gazprombank Group’s total assets climbed by 33.1 percent in quarter one to 107.5 billion drams
21.05.2012
YEREVAN, May 21, /ARKA/. Russian-owned Areximbank-Gazprombank Group said its total assets climbed by 33.1 percent year-on-year in the first quarter of 2012 or by 26.7 billion drams to 107.5 billion drams.
According to a bank’s statement, outstanding loans which stood at 82.4 billion drams as of March 31, accounted for 76.7 % of all assets. The bulk of loans or 69.2 billion drams were provided to corporate customers. Lending to individuals made 9.6% of 13.2 billion drams, it said.
Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank. -0-
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Categories: Banks, General news, News, News of the hour |
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Gold goes up as dollar falls
21.05.2012
Gold price went up by the end of trading on Friday due to investors’ increased
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Armenia: Forex review for May 14-18
21.05.2012
Last week the cost of USD at NASDAQ OMX Armenia stock exchange grew by 1.28% to 399.50 drams as overall weekly trading amounted to $17.0 million, a 52.84% increase over the previous week.
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Armenian banks return on assets index drops to 1.66 percent
18.05.2012
Armenian banks’ return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, dropped to 1.66% in the first quarter of 2012
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Transactions with securities at NASDAQ OMX Armenia drop by 30 percent in April
18.05.2012
NASDAQ OMX Armenia stock exchange said the amount of transactions with securities in April saw a 30.21% drop from the previous month to 435.7 million from 624.3 million drams.
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Categories: Bonds.am, General news, News, News of the hour |
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ARKA releases regular banks of Armenia bulletin
17.05.2012
ARKA news agency has released a regular quarterly issue of «Banks of Armenia” bulletin, compiled based on published financial statements and reports of banks, as well as on additional information provided by the banks
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Lending to individuals accounts for 30.9% of Armenian banks’ aggregate loan portfolio
17.05.2012
Individuals’ outstanding loans made up 30.9% of Armenian banks’ loan portfolio in late March
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Lending by crediting organizations in March 2012 saw a 4.1% rise
17.05.2012
Lending by crediting organizations in March 2012 saw a 4.1% rise from the previous month of February reaching 89.3 billion drams, the Central Bank of Armenia said in a report
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Categories: General news, Loan organizations, News, News of the hour |
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Tags: Armenia, CREDIT ORGANIZATIONS, growth
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