  Converse Bank ensures AMD 1bn profit in 2012 January 30, 2013 - 16:42 AMT PanARMENIAN.Net - Converse Bank CJSC ensured over AMD 1 billion profit in 2012, the bank’s executive director said. In conversation with a PanARMENIANNet reporter, Tigran Davtyan hailed the bank’s activity in 2012 due to the “thorough cleaning up of useless loans”. According to him, the bank’s total portfolio amounted to AMD 62 billion in 2012, growing by 31% as compared with 2011, with business portfolio grossing AMD 25,3 billion. “The bank plans to ensure on average 30% loan portfolio growth in 2013,” he said, noting lending to SMEs and expansion of network as Converse Bank’s priorities in 2013. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news UN chief hails China's peacekeeping efforts  Ban said China has provided more peacekeepers than all the other four permanent members of the UN Security Council.Iran's Guardian Council approves presidential election result Hassan Rouhani won the election by taking nearly 51% of votes. Since he won more than half, that eliminated the need for a runoff.Friends of Syria to meet in Doha on June 22: French official Assad's forces aim to retake Aleppo, where they have been mired in a bloody stalemate with rebels for nearly a year.Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017. |
