Friday, April 26 2013 16:43

Unibank's strategy for short-term outlook aims to develop retail business and work with small and medium enterprises


ArmInfo. Unibank's strategy for the short-term outlook is aimed at developing retail business and the work with small and medium enterprises. The press service of the Bank told ArmInfo that the annual general meeting of the Bank's shareholders took place on April 22. The meeting summed up the results of the Bank's activity for 2012. Unibank is among the top 10 leading banks of Armenia by the key indices. As of 1 Jan 2013, Unibank's assets exceeded 138 bln AMD (21% y-o-y growth), lending rose by 16% to 98 bln AMD (7th position in the Armenian banking system).

The source says that the share of SME lending in the Bank's loan book is 32%. Over 2012 alone the number of SME loans grew by 36% as compared to 2011. Unibank launched a new "Long-Term" loan with due regard for the customers' needs. This loan is provided for a 10-year period.

The amount of the retail loans for consumption provided by Unibank increased by 38% in 2012. By its portfolio of consumer loans Unibank is among the top 5 leading banks. The Bank's activity in the retail segment aims to enhance the availability of banking services for wide strata of population by improving the terms of the loans and facilitating the lending procedure. Unibank regularly implements joint actions with large networks of stores, where one can purchase goods by a loan on the most profitable terms: 0% prepayment, 0% interest rate and 0% commission fee. Unibank's branch network consisting of 44 branches, automation of the lending products sale process and the efficient model of risk assessment create all prerequisites for successful development of the retail segment. To make customer service more convenient, the Bank keeps on expanding its network of promo points in the trade outlets.

In 2012 Unibank's liabilities grew by 23% to 120 bln AMD. The Bank took the lead in the banking market by its term deposits. This demonstrates the high public confidence in the Bank. In 2012 Unibank's profit totaled 1.6 bln AMD.

Within the framework of its corporate social responsibility program, Unibank also implemented a number of projects in 2012. In particular, the Bank was the financial partner of Junior Eurovision Song Contest 2012 in Armenia. It also allocated funds for renovation of school in Yerevan and regions of Armenia, and supported the "Erebouni-Yerevan" event. The Bank participated in charity events and sponsored a lot of sport programs. In October 2012 Unibank marked its 11th anniversary.

To note, Unibank's shareholders are Ripatonso Holdings Limited (75.44%), Gagik Zakaryan (12.28%) and Georgy Piskov (12.28%).
POST A COMMENT
Input digits     


News
Russian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commissionRussian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commission
USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20
Idram Junior Donated Books to SchoolsIdram Junior Donated Books to Schools
"Gray deals" involving gold and diamonds seen in private transfers
Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024
Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%
Team Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock ExchangeTeam Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock Exchange
EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance  EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance 
Are all funds protected in Russian banks?Are all funds protected in Russian banks?
Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker 
Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market 
RA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governanceRA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governance
Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM 
Big Christmas Market with Idram, IDBank and idplusBig Christmas Market with Idram, IDBank and idplus
Armenia implements 10 investment projects in Eurasian region - EDBArmenia implements 10 investment projects in Eurasian region - EDB
Armenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum CombineArmenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum Combine
Armenia, Japan to sign convention abolishing double taxationArmenia, Japan to sign convention abolishing double taxation
EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies 
Armenia, Hungary to sign economic cooperation agreementArmenia, Hungary to sign economic cooperation agreement
ZCMC paid AMD 33.249bln to Armenia`s state budgetZCMC paid AMD 33.249bln to Armenia`s state budget
Interregional cooperation high on agenda of Armenian-Russian  intergovernmental commissionInterregional cooperation high on agenda of Armenian-Russian  intergovernmental commission
Deputy Minister of High-Tech Industry, ITU Regional Director discuss  future cooperationDeputy Minister of High-Tech Industry, ITU Regional Director discuss  future cooperation
IMF Board completed the 4th review under the SBA with Armenia,  providing the country with access to SDR $24.12 millionIMF Board completed the 4th review under the SBA with Armenia,  providing the country with access to SDR $24.12 million
Armenia, Iran discuss tourism cooperation prospects Armenia, Iran discuss tourism cooperation prospects 
Armenia facing serious demographic challenge - Tigran JrbashyanArmenia facing serious demographic challenge - Tigran Jrbashyan
Lars open for cars Lars open for cars 
The Best Gifts for New Year for Your Loved OnesThe Best Gifts for New Year for Your Loved Ones
Conflict of interests between West and Russian to harm Armenian  nuclear energy - opinion Conflict of interests between West and Russian to harm Armenian  nuclear energy - opinion 
Laws designed to develop Armenia`s technological sector - minister Laws designed to develop Armenia`s technological sector - minister 
Development of nuclear diplomacy for Armenia is a strategic task -  expert Development of nuclear diplomacy for Armenia is a strategic task -  expert 
Converse Bank included in the list of Confirming banks of the EBRD  TFPConverse Bank included in the list of Confirming banks of the EBRD  TFP
Armenian Stock Exchange conducts first-ever government bond switch  actionArmenian Stock Exchange conducts first-ever government bond switch  action
IDBank, Idram, and idplus at the Big Christmas MarketIDBank, Idram, and idplus at the Big Christmas Market
Armenian-Russian Intergovernmental Commission meeting to take place  in MoscowArmenian-Russian Intergovernmental Commission meeting to take place  in Moscow
Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE BoardConverse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board
IFC anchors Armenia`s first sustainability-linked bondsIFC anchors Armenia`s first sustainability-linked bonds
Armenia`s Minister of Economy calls on Greek businesses to make use  of the benefits offered by the countryArmenia`s Minister of Economy calls on Greek businesses to make use  of the benefits offered by the country
Andrew Turner seeking ways to enhance trade relations between Canada  and ArmeniaAndrew Turner seeking ways to enhance trade relations between Canada  and Armenia
Greece interested in stregthening cooperation with Armenia -  Konstantinos Fragkogiannis Greece interested in stregthening cooperation with Armenia -  Konstantinos Fragkogiannis 
Russia leader in Belarussia, Armenia trade Russia leader in Belarussia, Armenia trade 
Armenian, Georgian railroaders coordinate plans for 2025Armenian, Georgian railroaders coordinate plans for 2025
Converse Bank has been included in the list of Confirming Banks of the EBRD TFPConverse Bank has been included in the list of Confirming Banks of the EBRD TFP
Yerevan   to host Armenian-Greek Intergovernmental Commission meeting Yerevan   to host Armenian-Greek Intergovernmental Commission meeting 
Expert: SMR technologies are still futuristicExpert: SMR technologies are still futuristic
RA NA Member: Thanks to EAEU, Armenia experienced significant GDP  growthRA NA Member: Thanks to EAEU, Armenia experienced significant GDP  growth
Armenia, Iran discuss potential for launching joint jewelry  productionArmenia, Iran discuss potential for launching joint jewelry  production
Lifting embargo by Ankara, Baku could mean loss of Armenian economy,  statehood - economist Lifting embargo by Ankara, Baku could mean loss of Armenian economy,  statehood - economist 
Armenia`s economy minister presents assistance programmes for  slaughterhouses Armenia`s economy minister presents assistance programmes for  slaughterhouses 
Armenia`s premier on objective of turnover tax revision Armenia`s premier on objective of turnover tax revision 
Slowly but steadily we are making progress: Health Minister  Slowly but steadily we are making progress: Health Minister  
Lars open for light vehiclesLars open for light vehicles
Armenian interbank foreign exchange  market increased significantly,  while ruble transactions decreasedArmenian interbank foreign exchange  market increased significantly,  while ruble transactions decreased
Acba Bank and IFC to allocate $50 million for MSME  development in  ArmeniaAcba Bank and IFC to allocate $50 million for MSME  development in  Armenia
Armenian authorities approved STARLINK license Armenian authorities approved STARLINK license 
Pashinyan: EAEU ensures economic development dynamics of its member  countriesPashinyan: EAEU ensures economic development dynamics of its member  countries
EBRD and AraratBank Join Forces to Promote Green Economy and Competitiveness in ArmeniaEBRD and AraratBank Join Forces to Promote Green Economy and Competitiveness in Armenia
RA Ministry of Economy, World Bank outline next steps for TRIPRA Ministry of Economy, World Bank outline next steps for TRIP
Loss ratio under MPTL insurance contracts showing continued upward  trend in Armenian insurance marketLoss ratio under MPTL insurance contracts showing continued upward  trend in Armenian insurance market
Armenia, China discuss new areas of collaboration in high- tech  sectorArmenia, China discuss new areas of collaboration in high- tech  sector
"Upper Lars" closed for trucks - Attache
Read more
Exchange rates
20.12.2024
RUB3.850.02
USD395.050.14
EUR410.46-0.52
GBP494.09-5.04
CAD274.660.23
JPY25.200.04
CNY54.130.01
CHF441.540.69


Experts
Are all funds protected in Russian banks?Are all funds protected in Russian banks?
Expert: SMR technologies are still futuristicExpert: SMR technologies are still futuristic
Armenian Banks: About HSBC, Ardshinbank and Conducting Business in the New Environment of Sanction RestrictionsArmenian Banks: About HSBC, Ardshinbank and Conducting Business in the New Environment of Sanction Restrictions
Read more

Commented
The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024
Armenian government approves 2024-2040 demographic strategy Armenian government approves 2024-2040 demographic strategy 
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2