October 23, 2012 - 15:42 AMT
Ameriabank posts AMD 4,7bln net profit in January-Sept

Ameriabank CJSC ensured 60% (up to AMD 5,9 bln) profit growth in January-Sept 2012, as compared with the same period of 2011, the bank’s CFO said.

As Gevorg Tarumyan told a press conference, the growth of the indicator amounted to 86% in the third quarter.

In this context, he noted that the bank’s net profit in Jan-Sept totaled AMD 4,7 bln, with 59-60% growth reported.

“The net profit growth grossed 87% in Q3,” Mr. Tarumyan said, adding that the bank is placed second in Armenia’s banking sector by the indicator.

He further called attention to the growth of client base, with the number of the legal and physical persons increasing by 10% and 20% respectively.

Tigran Jrbashyan, Ameriabank’s Development Director, in turn, noted that the bank ensured on average 30-40% growth of key indicators due to implementation of the strategy and business programs.