AMERIABANK IS CONSIDERING EXPANSION INTO REGIONAL MARKETS: GEORGIA, SOUTHERN RUSSIA, UKRAINE

ArmInfo
01.04.2010

ArmInfo. Ameriabank is considering expansion into regional markets:
Georgia, Southern Russia, Ukraine, Director General of Ameriabank
Artak Hanessyan said during a press-conference today.

The bank may buy either banks or stakes in the capitals of developing
and successful manufacturing and power companies. For this purpose
the bank has earmarked some $5mln. There are three specific candidates
for merger.

"We have already set up an Ameria Equity Partners with $20mln capital
and are going to increase it fivefold by the end of this year. All
this money will be spent on profitable businesses," Hanessyan said.

In May 2010 Ameriabank is going to review its investment strategy but
no drastic changes will be made. The bank may just consider active
growth in all of its key figures and expansion into regional markets.

Ameriabank’s strategy for 2010 stipulates 25% increase in credit
portfolio (with merger-induced growth exclusive).