INDIVIDUAL TIME DEPOSITS IN AMERIABANK GROW 230% AT 1ST HALF OF 2009
ARKA
July 22, 2009
YEREVAN, July 22. /ARKA/. The time deposits attracted by Armenian
Ameriabank from individuals grew 230% at the first half of this year
and 36.9% over the second quarter.
The press office of the bank told ARKA News Agency that individuals’
time deposits in Ameriabank keep growing.
They grew 5.3 times at the first half of 2009, compared with the same
period of the previous year, reaching AMD 6.3 billion by late June.
"The bank’s initiative issued yet in December 2008 on full insurance of
individual deposits prompted public reaction", the press release said.
Legal entities’ deposits in Ameriabank are growing quickly as well.
This shows growing confidence of clients in Ameriabank and
effectiveness of the bank’s cooperation with legal entities.
Legal entities’ deposits grew 95.5% at the first half of 2009 reaching
AMD 26 billion by late June.
They make 80.5% of all the deposits of the bank.
The deposits attracted from legal entities at the fist half of 2008
grew 3.4 times.
Ameriabank is a corporate investment bank offering corporate,
investment and some retail services in a package.
Ruben Vardanyan is the chairman of the bank’s directorial board and
Artak Anesyan is general director.
Troyka Dialog, the largest Russian investment banking company is
Ameriabank’s strategic partner. ($1= AMD 365.19).