Tuesday, March 23 2010 17:52
Unibank shareholder takes a decision to increase Unibank authorized capital by 2.8 bln AMD
ArmInfo. The only shareholder of Unibank – Ripatonso Holdings Limited (Cyprus) has taken a decision to increase the authorized capital of the bank by 2.8 bln AMD due to its direct investments. As a result, the authorized capital of the bank will
amount to 11.4 bln AMD.
The Unibank press-service told ArmInfo that the growth of authorized capital completely meets the Unibank's development strategy aimed at increasing the business volume in both retail sphere and corporate direction. "Unibank needs to replenish the capital for further growth in business and implementation of plans on increasing the credit portfolio by over 35% - up to 90 bln AMD by the end of 2010",- says the source.
The Unibank press-service reports that as of March 1, 2010, Unibank assets amounted to about 108 bln AMD, having increased by 46% as compared with the same period of 2009. At the end of 2009, Unibank held the fifth position in the banking system of Armenia by the amount of assets. The bank directed 24.4 bln AMD to industry crediting, having thereby held the first position by this indicator among the banks. By the amount of crediting of individuals, Unibank held the second position – 42% of total Unibank's provision of crediting fell on individuals.
To note, in February 2010 the beneficiaries of the bank – Gagik Zakaryan and Georgy Piskov reassigned in the Central Bank of Armenia their participation in Unibank capital to Ripatonso Holdings Limited (Cyprus). Thus, they remain the final beneficiaries of Unibank. The bank has the strategic partner of Uniastrum Bank (Russia). The President of Uniastrum Bank is Gagik Zakaryan, and Chairman of Board is Georgy Piskov.
According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 January 2010 Unibank held the 8th position in the Armenian banking system by the amount of its authorized capital (almost 8.6 bln AMD).
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