Friday, October 19 2012 17:30

Areximbank-Gazprombank Group to obtain 4 mln USD pre-tax profit in 2012


ArmInfo. Areximbank-Gazprombank (GPB) Group is going to obtain a pre-tax profit of nearly 4 mln USD in 2012. The press service of the Bank told ArmInfo that this will be done due to the growth in earning assets.

The source says that it is planned to increase the total assets of the Bank by 21.6% by the end of 2012. In their structure, the loan portfolio will grow by 20.5%. In the meantime, the deposits are expected to grow by 21% in 2012.

According to the financial report of the Bank, as of 1 Oct 2012, the time deposits amounted to 25 bln AMD, with the biggest share in them falling on individual's funds - 20.8 bln AMD. Call liabilities amounted to 16 bln AMD, with share of legal entities exceeding 76%. Total liabilities of the Bank made up 95.8 bln AMD, with the funds attracted from the banks being 52.4 bln AMD. Assets totaled 112.3 bln AMD, with the share of lending exceeding 79%. The share of economy in the Bank's loan portfolio made up 74.6 bln AMD, the share of individuals - 14.3 bln AMD. The pre-tax profit totaled 1.047 bln AMD, net profit - 825.4 mln AMD.
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