Yerevan/Mediamax/. As of the end of the first quarter, 2010, the indices of currency and percentage risks in “Areximbank – Gazprombank Group” reduced from 0.07% and 0.2% to 0.015% and 0.1% respectively, as compared to late 2009.

Mediamax was informed in the press service of the bank that “this became possible due to the measures on withstanding crisis phenomena, taken up by the bank”.

The bank toughened the conditions for issuing credits, reduced the volumes of consumer crediting, increased the internal bank standard for short-term liquidity, introduced strict control over maintenance of closed currency position, carried out regular stress testing.

“All these measures had positive effect: already in the second half of 2009, the difficulties were overcome and the bank completed the fiscal year with profit”, the bank noted.