ARARATBANK’S CORE INDICATORS GROW BY 30 PER CENT

/PanARMENIAN.Net/
14.12.2009 14:52 GMT+04:00

/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.

From: Emil Lazarian | Ararat NewsPress