AMERIABANK PLANS UP TO 25% ASSET GROWTH IN 2010

PanARMENIAN.Net
26.01.2010 16:15 GMT+04:00

/PanARMENIAN.Net/ In 2010, Ameriabank has planned up to 25% asset
growth, 30% loan portfolio volume and 10% capital increase.

"Capital increase will be conditioned by current income index,
forecasted to comprise AMD 2 billion," Ameriabank director general
Artak Anesyan told a news conference in Yerevan.

At the same time, he added that in 2010, the bank will keep the level
of non performing assets in total loan portfolio at 1% -2%. As of
December 31, 2009 NPL comprised 0.17 % of the total loan portfolio.

Ameriabank subsidiary chain expansion is scheduled in 2010. New
subsidiaries will be opened in Dilijan, Vanadzor or Gyumri, as well as
in the centre of Yerevan. "The subsidiary will be servicing physical
persons. An increase in physical person’s number among bank’s clients
was observed in 2009, and we expect similar growth rate this year,"
Artak Anesyan noted.

In 2009, Ameriabank launched subsidiaries in Yervan, Karabakh and
Kajaran.

Ameriabank CJSC is am investment bank offering various package
services. Being a strategic partner of Moscow-based Troika Dialog
since August 2007, the bank has two branches in Yerevan, one in
Kajaran and one in the Nagorno Karabakh Republic.