Ameriabank acts as fastest growing bank in region

PanARMENIAN.Net - Ameriabank continues to maintain its growth rates, according to latest indicators the bank appears as the fastest growing bank in the region, Tigran Jrbashyan, Director of Development of Ameriabank told reporters on Wednesday.



According to him, as of June 6, 2009 the bank's assets reached 86.2 billion AMD, growing by 175, 8 per cent since the beginning of the year. Over the first six month this year compared to the same period last year, the bank's assets increased 2.8 times.



Significant growth of bank's liabilities has been recorded so far. "Within a quarter the liabilities increased by 8.3 per cent reaching to 65.4 billion AMD, since the beginning of this year the bank's liabilities increased by 2.28 times, and within a year the liabilities nearly tripled," he said.



Jrbashyan mentioned that Ameriabank ranks third in the banking system of Armenia by its net profit, which over the first half of this year reached 555 million AMD, 5.4-fold increase over the same period last year.



Within the second quarter of this year, the volume of bank's loan portfolio decreased slightly, reaching 31.6 billion AMD. "The during this quarter provided 80 businesses with loans totaling 4.7 billion AMD, and customers and partners paid off their commitments," he said. Аt the moment, the credit portfolio of the bank has more than 36 billion AMD, and this month the loan portfolio is projected reach some 39-40 billion AMD.



CJSC "Ameriabank" is a corporate investment bank offering corporate, investment and some retail services as an integrated package. The strategic partner of JSC "Ameriabank" is a "Troika Dialog" group, one of the largest investment banking companies in Russia.