Unibank claimed leadership in consumer lending in Armenia in 2010

PanARMENIAN.Net - According to the 2010 index, Unibank CJSC recorded growth in key indices, as well as increased the market share in key directions of its activity.

The assets of Unibank amounted to AMD 115.3bln that makes over 7.3% of the total assets of the Armenian banking system.

In 2010 Unibank considerably increased the credit portfolio – by 11.4% to bring it to AMD 75.5bln. The major part of the bank credit investments – AMD 48.7bln – was made in economy. The growth of this index made over 20% in 2010, the bank press service reported.

By the volume of loans provided to individuals and economy Unibank is the third and fifth among Armenia’s banks respectively.

Loans allocated to individuals totaled 35.5% of the bank credit investments.

In 2010, the bank became the leader by volume of consumer lending, bringing the credit investments here to AMD 24bln. The bank was the second in Armenia’s market by the volume of mortgage loans - AMD 10.2bln.

Besides the bank was the third by the volume of industry lending – AMD 23.8bln.

The number of cards issued by Unibank grew by 66%, totaling 66,000 in 2010. Unibank is the leader by the number of international cards among ArCa payment system member banks.

Besides, Unibank recorded the biggest annual growth in undistributed profit in Armenia’s banking system. The bank’s undistributed profit grew by 10 times, totaling AMD 1.6bln.