Printer Friendly

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

Yerevan. 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.

2015 ArmInfo News Agency. All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2012 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:ArmInfo - Business Bulletin
Date:Dec 21, 2012
Words:141
Previous Article:By 1 November 2012 inflow of private transfers to Armenia totaled $1.4 bln.
Next Article:Non-cash transactions in inter-bank market for December 19.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters