Thursday, December 20 2012 14:51

Areximbank-Gazprombank Group plans to receive $4.6 million pre-tax profit


ArmInfo. Areximbank-Gazprombank Group intends to increase raised funds to 114.3 bilion drams, the press-service of the bank told ArmInfo. In addition, assets are expected to grow to 137.9 bln drams, and the loan portfolio - to 105.2 bln drams.

The source reports that increase in the earning assets will enable the bank to receive nearly $4.6 million pre-tax profit in 2013, which implies average bank indicators of ROA and ROE.

To recall, Areximbank-PB Group intends to increase raised funds by 21% versus the beginning of the year. In addition, total assets of the bank will be increased by 21.6%, with the loan portfolio to grow by 20.5%. Increase in earning assets will allow the bank to receive nearly $4 million pretax profit.
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