  119% increase recorded in Unibank credit portfolio in 3 years March 28, 2011 - 15:52 AMT PanARMENIAN.Net - The total credit portfolio of Unibank CJSC amounted to USD 212.6mln as of December 31, 2010, increasing by 119% over three years. The growth was basically secured through considerable expansion of business lending. Specifically, loans provided to large businesses increased by 109%, to small and medium enterprises – by 131% in 2008-2010. According to the bank press service, Unibank attaches importance to development of risk management in compliance with international standards. Due to efficient control, the bank has managed to secure a high-level quality of assets: the quality coefficient of credit investments, which characterizes the share of overdue loans in the portfolio, made 0.01% (the ideal coefficient is 0%) in Unibank by the end of 2010.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
