Araratbank's core indicators grow by 30 per cent
Core indicators of Araratbank grew by 30 per cent this year, said Garik Adamyan, head of strategy and methodology department of Araratbank.
"We overfulfil all the figures projected by our budget for 2009 by in assets, liabilities and profits", he told a press conference in Yerevan on December 14.
To date, the bank's assets reached AMD 40 billion, profits surpassed AMD 350 million, while bank's loan portfolio amounted to AMD 15.5 billion, AMD 3.5 billion more than last year. The bank has virtually no bad loans.
Saying that positive trends have been observed in the whole banking system of the country, Araratbank's deputy executive director David Harutyunyan added, that particularly Araratbank managed to be in pace with the general growth trends thanks to its high relevant and up-to-date management.
"We overfulfil all the figures projected by our budget for 2009 by in assets, liabilities and profits", he told a press conference in Yerevan on December 14.
To date, the bank's assets reached AMD 40 billion, profits surpassed AMD 350 million, while bank's loan portfolio amounted to AMD 15.5 billion, AMD 3.5 billion more than last year. The bank has virtually no bad loans.
Saying that positive trends have been observed in the whole banking system of the country, Araratbank's deputy executive director David Harutyunyan added, that particularly Araratbank managed to be in pace with the general growth trends thanks to its high relevant and up-to-date management.
