AMERIABANK ACTS AS FASTEST GROWING BANK IN REGION

/PanARMENIAN.Net/
22.07.2009 17:06 GMT+04:00

/PanARMENIAN.Net/ Ameriabank continues to maintain its growth rates,
according to latest indicators the bank appears as the fastest growing
bank in the region, Tigran Jrbashyan, Director of Development of
Ameriabank told reporters on Wednesday.

According to him, as of June 6, 2009 the bank’s assets reached 86.2
billion AMD, growing by 175, 8 per cent since the beginning of the
year. Over the first six month this year compared to the same period
last year, the bank’s assets increased 2.8 times.

Significant growth of bank’s liabilities has been recorded so
far. "Within a quarter the liabilities increased by 8.3 per cent
reaching to 65.4 billion AMD, since the beginning of this year the
bank’s liabilities increased by 2.28 times, and within a year the
liabilities nearly tripled," he said.

Jrbashyan mentioned that Ameriabank ranks third in the banking
system of Armenia by its net profit, which over the first half of
this year reached 555 million AMD, 5.4-fold increase over the same
period last year.

Within the second quarter of this year, the volume of bank’s loan
portfolio decreased slightly, reaching 31.6 billion AMD. "The during
this quarter provided 80 businesses with loans totaling 4.7 billion
AMD, and customers and partners paid off their commitments," he
said. Àt the moment, the credit portfolio of the bank has more than
36 billion AMD, and this month the loan portfolio is projected reach
some 39-40 billion AMD.

CJSC "Ameriabank" is a corporate investment bank offering corporate,
investment and some retail services as an integrated package. The
strategic partner of JSC "Ameriabank" is a "Troika Dialog" group,
one of the largest investment banking companies in Russia.