Wednesday, April 25 2012 19:17

Armenian Development Bank experiences essential growth in loan portfolio


ArmInfo. By late Q1 2012 the loan portfolio of the Armenian Development Bank (ADB) amounted to 26.3 bln AMD, having grown by 80% (11.7 bln AMD) as compared to the same period of 2011, the press service of the Bank told ArmInfo.

Armenian Development Bank has been operating since autumn 1991. The Bank has 75 shareholders, 40% of them are non-residents of Armenia. The residents own 52% of the capital, and the non-residents - 48%. There are 13 legal entities (including 2 international organizations) among the shareholders. The Bank has stockholders in the USA, Russia, France, Germany, Italy, Canada, Spain, Sweden, Australia, Brazil.
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