Friday, August 30 2013 16:46
Credit portfolio of Areximbank-Gasprombank Group up 5,5% for the first half of 2013
Arminfo. Credit portfolio of Areximbank-Gasprombank Group up 5,5% (or more than 5 billion drams) for the first half of 2013 - up to 97.4 billion drams. As press-service of the bank reported, the share of the credit portfolio was 76,6% in the structure of assets.
The total assets of the bank for the reported period grew by 3,8% and as of 1 July 2013 amounted to 127.1 bln drams un absolute terms. The general liabilities of the bank amounted to 109.9 bln drams, having grown by 4,1% since the beginning of the year. the total capital of the bank amounted to 17.2 bln drams, and the authorized capital - 12.3 bln drams.
According to the Financial Rating of Armenian Banks prepared by Arminfo, more than 81% of credit portfolio of Areximbank-Gasprombank Group is the share of economy crediting - 37% -to the industrial sector (the second position), 17% - trade (9th position), 11% - construction (3-rd position), 5,5% -services (9th position) and 5,3% - agriculture (5th position). The activation of the bank at the credit market gave an opportunity to increase net profit by more than 40% for the 2Q 2013.
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