AMERIABANK’S TIME DEPOSIT VOLUME GREW BY 39.9% IN THE FIRST QUARTER OF 2009

PanARMENIAN.Net
07.04.2009 16:35 GMT+04:00

/PanARMENIAN.Net/ Ameriabank ‘s time deposit volume grew by 39.9%
in the first quarter of 2009, exceeding 2008 results 5.7 times.

Legal persons’ deposits, comprising 79.4% of total bank’s deposits,
increased by 26.2 % within the first quarter of 2009, exceeding 2008
results 5.9 times.

In December 2008 Ameriabank initiated full insurance policy
for physical persons’ deposits, regardless of sum and currency
deposited. This step ensued in increased volumes for physical persons’
deposits, which grew by 141.1% within the first quarter of 2009,
exceeding 2008 results 5.2 times.

Ameriabank’s time deposit volume totaled AMD 22.2 billion as of
Mar. 31, 2009.

Ameriabank CJSC is a corporative investment bank, providing
corporative, investment and limited retail banking services. Troika
Dialog, major investment company in Russia, is the strategic partner
of Ameriabank CJSC.