ArmInfo. Unibank strenuously being funded from the domestic market. First, by issuing shares, the bank raised funds to raise capital to the normatively required 30 billion AMD, and then bonds were issued, aimed at funding funds for the withdrawal of credit from a downtrend.
From 2016 to the present day Unibank has carried out 3 additional shares, the latter followed in February this year. In anticipation of this, the status of the bank in 2015 was changed from CJSC to JSC. Before the start of additional issues, the regulatory total capital of the bank as of January 1, 2016 was 18 billion AMD, after the issuance of emissions by January 1, 2017, 27.03 billion AMD, actually not reaching the normative 30 billion AMD. The bank was able to fulfill the demand of the regulator only in the first quarter of 2017, during which the next additional issue of shares took place, which made it possible to increase the regulatory total capital to 31.2 billion AMD.
In 2016, in April and November, the bank also issued a USD tranche of coupon bonds in the amount of $ 5 million at a yield of 8%, and an AMD tranche for 250 million AMD at a yield of 13.5%. Bonds of these issues have a two-year circulation period.
Unibank shares are quoted on the "A" listing list, USD bonds in the main "Abond" list, and AMD bonds in the secondary list of "Bbond". According to Nasdaq OMX Armenia, the issue of Unibank's AMD bonds was listed on June 8 this year. And is allowed to enter into targeted and repo transactions.
According to the Financial Rating of Armenian Banks as of April 1, 2017, prepared by the IA ArmInfo, the volume of credit investments of Unibank in the context of five years has sharply reduced the annual growth from 18% to 0.3%. In particular, over the past five years, the bank has slowed the growth of retail lending from 35% to 9%, while corporate and from 8% growth fell to a 3% decline. The share of NPL in the bank's loan portfolio for a year does not go down from 18%, exceeding the international critical limit. The reason for this is possibly because over 76% of overdue loans have accumulated in a hopeless group, which continues to replenish. As a result, Unibank's net profit slipped 57.4% year-on-year. As of April 1, 2017, the shareholders of the bank are Ripatonso Holdings LTD - 88.1%, Gagik Zakaryan and Georgy Piskov - at 5.95%. These bankers - the former owners of Moscow's Yuriastrumbank and the current majority shareholders of the UNIStream money transfer system - are shareholders of the offshore company Ripatonso Holdings LTD.