UNIBANK PLANS TO INCREASE LOAN PORTFOLIO TO AMD 90 BILLION

PanARMENIAN.Net
22.03.2010 17:03 GMT+04:00

/PanARMENIAN.Net/ Unibank CJSC plans to increase loan portfolio to
AMD 90 billion, providing 35% growth of credit investments, the bank’s
press service reported.

As of February 2010, Unibank loan portfolio comprised AMD 66,5 billion,
including AMD 39 bln. 87 mln. of business credits.

In 2010, the bank intends to put special emphasis on crediting of
physical persons, offering beneficial mortgage and auto crediting
actions. During reporting period, the bank’s mortgage and auto-
crediting volumes comprised AMD 12 and 8 billion respectively.

The volume of loans provided through plastic credit cars increased
twice, compared to 2009 results, amounting to AMD 2.2 by the end
of February.

Ripatonso Holdings Ltd. is a 100 per cent shareholder of "Unibank"
founded in October 2001. The Bank is a member of IFAD, participant
of the ABN AMRO international bank to manage risks, as well as a
participant of the National Center to promote the development of
small and medium businesses.

The Bank is a member of the "ArCa" and Visa International payment
systems. To date, the "Unibank" network has 34 branches.

From: Emil Lazarian | Ararat NewsPress