General Director: Crisis Did Not Affect Activities Of Ameriabank

GENERAL DIRECTOR: CRISIS DID NOT AFFECT ACTIVITIES OF AMERIABANK

ARKA
Jan 29, 2010

YEREVAN, January 29. / ARKA /. Global crisis has not affected the
activities and performance of the Armenian Ameriabank, the chairman
of the Directorate, General Director of CJSC Ameriabank Artak Hanesyan
said at a press conference on Tuesday.

"Despite the financial crisis, we were able to carry out the program
we had planned within all indicators of the bank. In September 2008,
we revised our strategy in response to the crisis and made up three
programs: basic development program, the Bank’s development program
and pessimistic program," Hanesyan said.

According to him, in this regard some macroeconomic indicators were
analysed and further development of the bank was discussed.

The general director added that in the bank’s work was guided by the
basic development program, which resulted in growth on all fronts.

"Given the crisis situation in the economy, the bank tried to ensure
maximum liquidity," the head of Ameriabank said.

Ameriabank closed joint stock company is an investment bank offering
corporate, investments and other retail services in a complex package.

Ruben Vardanyan is the Chairman of the bank’s Board of Directors and
Artak Anesyan is the Chairman of Directorate and the General Director.

"Troyka Dialogue", one of the biggest Russian investment-banking
companies, is a strategic partner of Ameriabank.At the end of 2009 its
assets totaled 103.5 billion Drams, liabilities-81.8 billion Drams,
the aggregate capital-21.7 billion Drams and the charter capital 18.2
billion Drams (in terms of charter capital Ameriabank is the highest
rated Armenian bank).

Its overall credit investments stood at 54.1 billion Drams and
liabilities towards clients at 69.1 billion Drams.

Its net profits in 2009 amounted to 1.5 billion Drams.