Friday, August 27 2010 11:25

In Jan-July 2010 Ameriabank increased its credit portfolio by 40%


ArmInfo. In Jan-July 2010 Ameriabank increased its credit portfolio by 40% to 73bln AMD against 70bln AMD on July 1 2010.

The press service of Ameriabank reports that in Jan-July 2010 71% of the growth in the credit portfolio was due to loans given to corporate customers (58bln AMD - 80% of the credit portfolio). This index grew by 33% while the amount of loans given to individuals - by 68%.

There are no hopeless loans in Ameriabank's credit portfolifo while classified loans make up just 0.38% while for the whole banking system this index makes up 5.1%

The majority shareholder of Ameriabank is TDA Holdings Limited, affiliate of Troika Dialog. The share of that company did not change as a result of Ameriabank's merger with Cascade Bank in June 2010.
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