Unibank received $50 mln loan from Uniastrumbank

2009-03-06 16:33:00

ArmInfo. Within the frames of an agreement with Uniastrumbank, Unibank
received a loan worth $50 mln. As the Unibank press-service told
ArmInfo, the received funds will be directed to holding of actions in
the sphere of crediting.

According to the source, in February 2009 Unibank increased its
authorized capital by 3 bln AMD to 8.6 bln AMD.

To recall, Unibank’s shareholders are Asset Management (50%) and EVA
Invest (50%).

According to the Ranking of Commercial Banks of Armenia prepared by the
Agency of Rating Marketing Information (ArmInfo), as of Jan 1, 2009,
Unibank holds the leading positions in the banking system of the
country by its main indices. In 2008 Unibank’s provision of crediting
grew by 58% to 46.7 bln AMD or 68% of assets. In the credit portfolio
of the bank 40,4% falls on the loans to economy, and almost 60% – to
individuals. The field structure of the credit portfolio shows that 56%
falls on consumer loans (27,3% – on mortgages), 18,4% – on the trade
sector, and 13% – on the industrial sphere.

From: Emil Lazarian | Ararat NewsPress