Araratbank's core indicators grow by 30 per centDecember 14, 2009 - 14:52 AMT PanARMENIAN.Net - Core indicators of Araratbank grew by 30 per cent this year, said Garik Adamyan, head of strategy and methodology department of Araratbank."We overfulfil all the figures projected by our budget for 2009 by in assets, liabilities and profits", he told a press conference in Yerevan on December 14. To date, the bank's assets reached AMD 40 billion, profits surpassed AMD 350 million, while bank's loan portfolio amounted to AMD 15.5 billion, AMD 3.5 billion more than last year. The bank has virtually no bad loans. Saying that positive trends have been observed in the whole banking system of the country, Araratbank's deputy executive director David Harutyunyan added, that particularly Araratbank managed to be in pace with the general growth trends thanks to its high relevant and up-to-date management. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia congratulates “friendly people of Belarus” on Independence Day The Armenian Foreign Mnisitry has congratulated the “friendly people of Belarus” on Independence Day. Armenian wrestlers win 3 medals at U20 European Championships The Armenian team has won 3 medals at the U20 European Greco-Roman Wrestling Championships. Putin to meet Erdogan, Aliyev on SCO sidelines Putin will hold meetings with Turkish President Recep Tayyip Erdogan and Azerbaijani President Ilham Aliyev. Armenian, Georgian Foreign Ministers meet in Tbilisi The meeting of Ararat Mirzoyan and Ilia Darchiashvili, is underway in Tbilisi, the Armenian Foreign Ministry reveals. |