  140% growth recorded in Areximbank-Gazprombank Group credit portfolio in 2010 March 25, 2011 - 11:54 AMT PanARMENIAN.Net - 140% growth was recorded in credit portfolio of Areximbank-Gazprombank Group CJSC in 2010, including in corporate lending (231.2% growth) and retail lending (25% growth). Thus, the bank’s credit portfolio reached USD 135mln. “The share of the troubled loan portfolio dropped from 1.95% to 1.13%,” the bank press service reported. According to the bank’s three-year strategy of development, the total credit portfolio is envisaged to be increased by 50% in 2011 to bring it to AMD 73.5bln or around USD200mln.   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 Armenia Security Council chief traveling to Qatar  Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar.Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them.Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs.Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |
