  Converse Bank ensures AMD 1bn profit in 2012 January 30, 2013 - 16:42 AMT PanARMENIAN.Net - Converse Bank CJSC ensured over AMD 1 billion profit in 2012, the bank’s executive director said. In conversation with a PanARMENIANNet reporter, Tigran Davtyan hailed the bank’s activity in 2012 due to the “thorough cleaning up of useless loans”. According to him, the bank’s total portfolio amounted to AMD 62 billion in 2012, growing by 31% as compared with 2011, with business portfolio grossing AMD 25,3 billion. “The bank plans to ensure on average 30% loan portfolio growth in 2013,” he said, noting lending to SMEs and expansion of network as Converse Bank’s priorities in 2013. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Iran to unveil new defense products in a special ceremony  The Iranian Defense Ministry announced that it will supply large numbers of different types of missiles to the armed forces.Reese Witherspoon stars in Atom Egoyan’s “Devil’s Knot” The crime thriller stars Witherspoon as the mother of Steve Branch, one of the three children savagely murdered in Arkansas in 1993.Author Dennis Lehane reteams with DiCaprio on “Travis McGee” crime pic DiCaprio is also a producer on Live by Night, which Ben Affleck is prepping as his directorial follow-up to Argo and is based on Lehane’s novel.“The Paperboy” star Zac Efron to topline "Narc" true-crime project Efron will soon be seen in the JFK assassination drama "Parkland" and the romantic comedy "Are We Officially Dating?" |
