Areximbank–Gazprombank Group planning to increase loan portfolio to 98bln drams in 2014

Areximbank–Gazprombank Group planning to increase loan portfolio to 98bln drams in 2014

YEREVAN, April 11. /ARKA/. Areximbank– Gazprombank Group is planning to increase its loan portfolio up to 98 billion drams in2014, the bank’s press office reported.

According to its advanced development program, the bank will be implementing a conservative balanced crediting policy in 2014, will maintain high standard of its loan portfolio and high-level liquidity.

The bank intends to increase the share of loans to individuals and small and medium-sized enterprises, according to the report.

According to the bank’s projections, lending to organizations will reach 80.5 billion drams and loans to individuals will increase up to 17.5 billion drams.

The loan portfolio will be increased both through international programs and local market resources, says the report.

As of the end of 2013, loans and other lending to bank’s clients totaled about 92 billion drams.

Areximbank - Gazprombank Group was founded in 1998 to handle financial flows between Russia and Armenia. It is now owned by Russian Gazprombank. Bank successfully certified for compliance with international requirements of ISO 9001: 2008. It runs 16 branches, 7 of which are located in Yerevan and 9 in the regions. ($1=415.66drams). –0--

13:06 11.04.2014

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