AMERIABANK TO ENSURE 10%-15% GROWTH OF KEY FIGURES TILL LATE 2009
ArmInfo
2009-10-14 10:54:00
ArmInfo. Ameriabank will ensure 10%-15% growth of key figures till
late 2009, Levon Arevshatyan, the Head of Corporate Client Managers
Department, said in the press conference on Tuesday.
He said the bank’s assets grew 90% over 9 months of 2009 to 93 billion
drams. The credit portfolio grew 41% over the 3Q of 2009, including
93% of the growth was the share corporate credits. As of October 1,
the credit portfolio reached 44 billion drams including 37 billion
drams (84% of total credit portfolio) was the share of credits to
corporate clients. Personal loans grew 26% over 9 months of 2009 and
14% for 3Q alone. "The credit portfolio is an evidence of the high
level of the bank’s investments in the real sector," L. Arevshatyan
said. He said Ameriabank competes with 2-3 leading banks in Armenia
by the level of credit portfolio. "We believes that this is crisis
management and economic rehabilitation of Armenia," he said.
L. Arevshatyan told media that in the structure of Ameriabank
liabilities, time deposits grew 3.8 times over 9 months of 2009
and totaled 44 billion drams on October 1. Time deposits of legal
entities grew 3.3 times to 32 billion drams or 74% of total. Time
deposits of individuals grew 5.9 times over 9 months of 2009 and 5.2
times per year to 12 billion drams. Over 3Q of 2009 time deposits of
individuals grew 80% and those of legal entities – 24%.
Ameriabank occupied the 5th position by assets, credit portfolio and
time deposits for the first half of 2009.