In Q1 2015 Areximbank-Gasprombank Group twice increased its net profit to 156.9 mln AMD.
The bank's press-office has reported to ArmInfo that the attained financial result and the 9.4 blm AMD replenishment of the authorized capital in the reported quarter allowed to increase the bank's capital by 60.1% up to 25.6 bln AMD. The bank comes first on total capital growth rate and fourth - net profit growth. In absolute terms of total capital the bank shifted from place 13 to 8, authorized capital - from place 7 to 2 and net profit - the bank made to place 13 from the back ones.
As of April 1, 2015 the bank's assets have made 107.9 bln AMD, liabilities - 81.8 bln AMD. The share of legal entities and individuals is 63% or 61.6 bln AMD in their structure. The corporate loan portfolio has made 55.04 bln AMD and the retail one - 12.5 bln AMD.
The total of customer funds, deposited at Areximbank-Gasprombank Group, has made 40.3 bln AMD - individuals' - 30.34 bln AMD and legal entities' - 9.998 bln AMD.
During Q1 2015 (particularly in Jan) Areximbank-Gasprombank Group increased its statutory capital by 20 mln USD extra capitalization issue, which resulted in the bank's 25.9 bln AMD. This has provided a better position and indicators in TOP- 3.
Areximbank - Gazprombank Group" CJSC has been established in 1998 to support the business and manage financial flows between Russia and Armenia. In Nov 2007, one of the largest Russian banks - "Gazprombank" (Open Joint Stock Company) acquired 80% stake in the bank and increased it to 94.15% in July 2008. In Sept 2008, the bank acquired the remaining 5.85% stake from Raiffeisenbank.