Friday, March 25 2011 14:49

Areximbank-Gasprombank Group to increase credit portfolio by 50% up to 73.5 bln drams in 2011


Arminfo. Areximbank-Gasprombank Group is going to increase its credit portfolio by 50% up to 73.5 bln drams (about $200 mln) in 2011. As press-service of the bank reported, this level was fixed in the three year strategical development programme of the bank.

In 2010 the credit portfolio of the bank grew by 140% up to about $135 mln. The corporative crediting portfolio grew by 231,2% or $104 mln and the retail crediting portfolio - by 25% or $31.1 mln. If compared with 2009 the share of the problematic debt of the credit portfolio decreased from 1,95% to 1,13%.

To note, Areximbank-Gasprombank Group was founded in 1998.
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