Ameriabank Forecasts 10-15% Index Growth

AMERIABANK FORECASTS 10-15% INDEX GROWTH

/PanARMENIAN.Net/
13.10.2009 14:59 GMT+04:00

/PanARMENIAN.Net/ Ameriabank forecasts 10-15% increase of all its
indexes, particularly credit portfolio, Ameriabank’s corporate banking
director Levon Arevshatyan told journalists. "In the third quarter
on 2009, the bank’s credit portfolio increased by 44%, comprising AMD
43 million," he said, adding such index enabled Ameriabank to become
one of Armenia’s leading 3 banks.

Besides, he mentioned that the bank plans to fix 10-15% growth by
year end. "I hope we’ll end the current year with a take-off growth,"
he said.

As of September 30, 2009, corporate loans comprise 84% or AMD 37
billion of the bank’s credit portfolio. Besides, loans paid to natural
person have this year increased by 26%.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS