ARMENIAN AMERIABANK’S ASSETS 86.2BLN AMD ON JULY 1, 2009
ARKA
July 22, 2009
YEREVAN, July 22. /ARKA/. As of July 1, 2009, Ameriabank’s assets
totaled 86.2bln AMD – an increase of 175.8% as compared with the
beginning of the year, Tigran Jrbashyan, Director of the Development
Department, told reporters.
"The bank retains high growth rates and, according to the latest data,
is the most rapidly developing bank in the South Caucasus. By July 1,
2009, Ameriabank’s assets had totaled 86.2bln AMD, which allows us
to estimate the growth at 175.8% as compared with the beginning of
the year. The assets have increased more than 2.8 times as compared
with the second quarter last year," Jrbashyan said.
According to him, the bank’s liabilities showed a considerable increase
in the 2nd quarter as well – 2.28 times as compared with the first
quarter, with an annual increase of 2.9 times. Jrbashyan said that
the bank’s liabilities reached 65.4bln AMD in the 2nd quarter.
He reported that the bank recorded the third largest profit in the
Armenian banking system (554.9mln AMD). The bank’s profit showed a
5.4-fold increase as compared with last year.
"The growing confidence in the bank has caused changes in the deposit
structure. Specifically, in the first quarter fixed deposits totaled
20.7bln AMD, call deposits 32.6bln AMD. In the second quarter this
scheme was considerably changed, whi ch enabled us to speak of rather
serious financial resources available," Jrbashyan said.
He reported that in the 2nd quarter fixed deposits totaled 32.2bln AMD,
and call deposits 27.6bln AMD. As a result, the bank’s liabilities
to clients totaled 60.4bln AMD. Jrbashyan pointed out a considerable
increase in the amount of deposits of legal entities – up to 25.9bln
AMD.
"We are actively working with Rosgosstrakh in insuring individual
deposits. As a result, the amount of deposits increased by 37% in
the 2nd quarter, and 3.3 times since the beginning of the year –
up to 6.3bln AMD," Jrbashyan said.
He also reported that the bank has the fifth largest assets in the
Armenian banking system (7.53%), the first largest authorized capital
and the fourth largest total capital. At the end of the first quarter,
the bank had the seventh largest liabilities. At the end of the 2nd
quarter it had the fifth largest liabilities.
The Ameriabank CJSC (former Armimpexeconombank, renamed last May)
was founded in July 1992 using the facilities of the Armenian branch
of the USSR Vnesheconombank. On September 8, 1992, the Central Bank of
Armenia (CBA) issued a banking license to Ameriabank. In August 2007,
TDA Holdings Limited, affiliate of the Troika Dialog investment and
banking group (Russia), purchased the bank’s shares.
As of June 30, 2009, Ameriabank’s assets reached 86.2bln AMD,
liabilities 65.4bln AMD, total capital 20.7bln AMD, authorized capital
18.2bln AMD (first largest authorized capital in the Armenian banking
system), credit investments totaled 31.6.2bln AMD, liabilities to
clients 60.4bln AMD and net profit (January-June 2009) 554.9mln AMD.