NET PROFIT OF ARMENIAN AMERIABANK GROWS BY 110.2% TO 113.6MLN DRAMS IN Q1 2009

/ARKA/
April 20, 2009
YEREVAN

Net profit of Armenian Ameriabank totaled 113.6mln Drams in the first
quarter of 2009 – an increase of 110.2% (54mln Drams) against the
beginning of the year, General Director of Ameriabank closed joint
stock company Artak Anesyan told journalists.

The bank’s profit before tax was 310mln Drams, he said. Ameriabank
closed joint stock company is an investment bank offering corporate,
investments and limited retail services. Ruben Vardanyan is the
Chairman of the bank’s Board of Directors and Artak Anesyan is the
Chairman of Directorate and the General Director.

Troyka Dialog, one of the biggest Russian investment-banking companies,
is a strategic partner of Ameriabank.

The bank’s assets grew by 65.1% up to 80.9bln Drams in the first
quarter of 2009, which is a 3.8-time increase as compared with the
same period of last year.

The bank’s liabilities were 60.4bln Drams in the first quarter of 2009
and total capital was 20.51bln Drams. Authorized stock totaled 18.2bln
Drams by the end of the first quarter. The bank’s credit investments
were 32.8bln Drams in the period with liabilities to clients totaling
53.8bln Drams. ($1=372.84Drams).