Unibank Plans To Increase Loan Portfolio To AMD 90 Billion

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

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS