ARMENIAN UNIBANK’S ASSETS REACH AMD 48 BILLION BY LATE SEPTEMBER AFTER GROWING 30% OVER ONE YEAR
ARKA News Agency
Oct 10 2007
Armenia
YEREVAN, October 10. /ARKA/. Armenian Unibank’s assets reached AMD
48 billion by late September 2007 after growing 30%, compared with
the previous year, the bank’s press office reports.
According to the report, individuals’ deposits exceeded 21 billion
and credit portfolio grew to 32 billion.
The press release says Unibank started functioning six years ago and
is now reckoned among the country’s five biggest banks.
Unibank is the largest holder of individuals’ time deposits.
According to the information, the bank widened the range of services
and implemented reforms in 2007. As a result, the number of its
clients grew to 30,000. Unibank was founded in 2001 in Yerevan.
50% of the bank’s shares belong to Uniastrum Asset Management. The
bank has 29 branches, of which 12 in Yerevan, 15 in provinces and
two in Nagorno-Karabakh Republic. Unibank has representation office
in Moscow. ($1 = AMD 333.32)