AMERIABANK LEASING OPERATIONS UP 119% FOR 1Q OF 2009

ArmInfo
2009-04-17 14:27:00

Ameriabank ensured 119% growth of leasing operations for 1Q of 2009,
Ameriabank press-service told ArmInfo. Ameriabank launch this service
in June 2008. The bank is among the few local banks providing leasing
services.

In 2009 the bank has intensified the market of leasing services by
creating flexible and competitive conditions for the given product. In
early 2009 leasing operations of Ameriabank totaled 146 million drams
and grew to 320 million drams over the 1Q of 2009, including 84%
was the share of construction, 12% of commercial companies and 4% of
health sector. The bank organized presentation of leasing services at
the end of March 2009, which raised the interest in the given service.

To recall, TDA Holdings LTD, the affiliated company of the investment
company Russian Troika Dialog, became the majority shareholder of
CJSC Ameriabank in August 2007 (now it holds 99.7% stake in the bank).