IN JAN-JUNE 2009 INDIVIDUAL TIME DEPOSITS OF AMERIABANK GREW BY 230%

ArmInfo
2009-07-22 00:21:00

ArmInfo. In Jan-June 2009 individual time deposits of Ameriabank grew
by 230% to 6.3bln AMD (5.3 times more than in Jan-June 2008).

The press service of Ameriabank reports that in Jan-June 2009 time
deposits by legal entities grew by 95.9% to 26bln AMD (3.4 times
more than in Jan-June 2008 and 80.5% of total deposits). "This growth
proves that our clients trust us," says the source.

Ameriabank specializes in investment banking but offers the whole
spectrum of banking services. The strategic partner of Ameriabank
is Troika Dialog, one of the biggest investment-banking companies in
Russia. The majority shareholder of the bank is TDA Holdings Limited,
affiliate of Troika Dialog.