AMERIABANK INTENDS TO ENSURE 1.5 BLN AMD NET PROFIT IN 2009

ArmInfo
2009-07-22 17:48:00

ArmInfo. Ameriabank intends to ensure 1.5 bln AMD net profit in 2009,
Development Director of Ameriabank Tigran Jrbashyan said, Wednesday,
replying to ArmInfo correspondent’s question.

He pointed out that in the first half year of 2009 the net profit
of the bank was $555 mln (the annual growth being over 5 times), of
them 441.3 mln AMD were ensured in the second quarter. As a result,
as of 1 July 2009, the accumulated profit amounted to 2.7 bln AMD
(the annual profit being 35%), due to which the total capital of the
bank grew to 20.8 bln AMD.

To note, as of 1 July 2009, the authorized capital of Ameriabank
totalled 18.2 bln AMD. The majority shareholder of the bank is TDA
Holdings Limited affiliated with Russian investment company Troika
Dialog with 99.7% share of participation.