"The success of the bank is continuous. As a result of the right strategy and the step-by-step implementation, we have improved almost all the positions. The most important achievement, of course, is a high level of profit - $ 7 billion AMD took the first place with profitability in the system, "said Financial Director of Inecobank Hayk Voskanyan.

In 2017, the bank's assets grew by 18% making 278 billion drams. The growth of the loan portfolio and high liquidity assets was 8% and 30% respectively.

Loan portfolio made 173 billion drams AMD, from which:

- retail loan portfolio totaled $ 57 billion AMD, having increased by 15.2% as compared to 2016,

- corporate loan portfolio totaled $ 121 billion AMD, registering a 4% increase over 2016.

The ratio of liquid assets and total assets made 29%.

Liabilities totaled $ 230 billion AMD, an increase of 19% over the beginning of the year. The funds attracted by customers increased by 28%, as a result of which the weight of the total liabilities was 61%.

Involvement of customers at the end of 2017 made 141 bln AMD , 75% of which are the savings of individuals.

"Our efforts to increase effectiveness are continuous. The expense / income ratio decreased by 5.6 percentage points, making 34.2%.

The bank actively uses new technologies in its operations, which has its positive impact on various bank indicators. In 2017, the credit scoring system was improved and modernized, as a result of which our index of non-performing loans for 2017 improved by 1.1 percentage points compared to the previous year, and the non-performing loans coverage ratio increased by 62%.

We comply with all the standards defined by the Central Bank. Inecobank's equity capital amounted to $ 48 billion by the end of 2017 which provided a 14.6% equity capital instead of 12% of the CB.

The bank's figures allow us to withstand all the sudden developments in the market, "added Voskanyan.

Net interest income increased by 13.5% in 2017 to 15.7 billion compared to the previous year. The total operating income has reached 19.9 billion drams having grown by 12.4%.

Impairment losses have been improved by 9.6% making 4.1 billion drams. As a result, the credit risk index improved by 0.5 percentage points to 2.4%.

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