Areximbank-Gazprombank Group to ensure 17.0% loan portfolio growth

Areximbank-Gazprombank Group to ensure 17.0% loan portfolio growth

PanARMENIAN.Net - Areximbank-Gazprombank Group plans to activate credit policy in 2013.

“The bank plans to ensure 17.0% (USD 35.9 mln) growth of loan portfolio by the end of 2013,” the bank’s press service reported.

The volume of lending to legal entities is planned to amount to USD 202.6 mln by 2013 (growth of 13.3%), with lending to physical persons to total USD 47.9 mln (growth of 33.7%).

As of November 30, 2012, lending issued to the bank’s clients grossed AMD 89.7 bln, increasing by 27.6% or AMD 19.4 bln as compared with 2011. The bank’s loan portfolio is expected to reach AMD 90.1 bln by yearend.

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