Saturday, February 26 2011 15:36

In 2010 Ameriabank increased the amount of its personal time deposits by 69%


ArmInfo. In 2010 Ameriabank increased the amount of its personal time deposits by 69% to 26bln AMD (61% of the total amount of time deposits).

The press service of Ameriabank reports that in Q4 2010 the amount of personal time deposits grew by 27% against 12.4% in Armenia's banking sector.

In Dec 2010 the bank launched "Know True Cost of Money" deposit campaign and has attracted almost 3bln AMD (2bln AMD in Dec alone).

Even though most of the bank's loans are corporate loans, Ameriabank continues to diversify its lending services for individuals, especially, for employees of corporate customers, as well as to improve its lending terms. In 2010 the bank's personal loan book grew by 31% to 15bln AMD.

According to the Ranking of Commercial Banks of Armenia prepared by the Agency of Rating Marketing Information (ArmInfo), Jan 1 2011 Ameriabank had the second biggest time deposit portfolio in Armenia's banking sector (53.5bln AMD or 44.3% of the total liabilities). Personal time deposits made up 49% of the portfolio. As compared with Jan 1 2010 the time deposit portfolio grew by 12%, in Q4 alone - by 13.3%.

The majority shareholder of Ameriabank (99.99%) is TDA Holding Limited, affiliate of Troika Dialog.
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