Yerevan /Mediamax/. “Unibank” shareholders made a decision to increase the capital authorized stock of the bank for 2.8bln AMD.

After replenishment, the bank’s capital will make 11.4bln AMD.

“Increase of the authorized capital stock fully meets the development strategy of “Unibank”, which aims at increasing business volumes both in retail sphere and in corporate direction”, Mediamax was informed in the press service of the bank today.

Replenishment of the capital is a necessity for “Unibank” for further growth of business and realization of plans on increasing the credit portfolio by over 35%. By the end of 2010, they plan to make the volumes of bank credit investments reach 90bln AMD.

General assets of “Unibank” as of March 1, 2010, made about 108bln AMD, having increased by 46%, as compared to the analogous period of 2009.