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%).
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