BY THE END OF 2010 AMERIABANK IS PLANNING TO INCREASE ITS CREDIT PORTFOLIO BY $80MLN
ArmInfo
05.03.2010
By the end of 2010 Ameriabank is planning to increase its credit
portfolio by $80mln, Director General of Ameriabank Artak Hanessyan
said during a press-conference today.
Presently, the bank’s credit portfolio totals $150mln. In Jan-Mar
2010 the index grew by 9.6% (57bln AMD). The share of inactive loans
is 0.6%. By the end of this year this index may grow to 2.5%.
Ameriabank is plannig to ensure the growth not only by enlarging its
own resources but also by borrowing funds from international financial
organizations. Shortly, the bank is going to sign SME support and
trade financing agreements with EBRD. The projects cost $5mln each.
The bank has current SME support programs worth a total of $20mln.
This year Ameriabank will actively credit the energy sector not only
in the framework of IFC’s renewable energy development program but
also under FMO, DEG and, probably, EBRD financing.
In Jan 2010 as compared with Jan 2009 the credit portfolifo of
Ameriabank almost redoubled due to 176% growth in corporate credits
and 130% increase in retail loans. This resulted in growth in assets
wherein the share of loans made up 56.8%.