QUALITY OF LOAN PORTFOLIO OF AMERIABANK IS ONE OF THE BEST IN REGION

/PanARMENIAN.Net/
22.07.2009 16:40 GMT+04:00

/PanARMENIAN.Net/ Volume of idle credits of Ameriabank reaches
0.7 per cent of the total loan portfolio of the bank, Tigran
Jrbashyan , Director of Development of Ameriabank told reporters on
Wednesday. ~SThe quality of credit portfolio of the bank is one of
the best in the region,~T he said.

According to Mr. Jrbashyan, confidence in the bank grows, resulting in
significant positive changes in the structure of bank liabilities. If
in the first quarter, demand deposits reached 32.6 billion AMD and
time deposits – 20.7 billion AMD, in the second quarter their ration
has changed: time deposits reached 32.2 billion AMD, while demand
deposits – 27.6 billion AMD.

The volume of deposits from legal entities has significantly
grown reaching 25.9 billion AMD. According to him, corporate
clients of Ameriabank have a significant share in the bank~Rs loan
portfolio. Mr.Jrbashyan positively estimated cooperation of the bank
with the insurance company ~SRosgosstrakh~T in the sphere of deposit
insurance of individuals, resulting in a 36.99 per cent increase of
deposit volumes within one quarter. The volume of deposits of private
person more than tripled since the beginning of this year amounting
to 6.3 billion AMD, which indicates the high level of confidence
towards the bank, he said. ~SThere is a desire to co-operate and it
is obvious that the bank is ready to realize serious credit program,~T
he stressed.

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.