Monday, March 21 2011 15:42
Sberbank - Troika Dialogue deal may open new perspectives for Ameriabank in new technologies of doing business
ArmInfo. After acquisition of Troika Dialogue by Russian Sberbank (Savingsbank) the shareholders' capital and leadership of Ameriabank will not change, Chairman of Directorate - Director General of Ameriabank Artak Hanesyan told ArmInfo. He said that thanks to the owners and partners of Ameribank the Sberbank - Troika Dialogue deal may open new perspectives for it in new technologies of doing business.
He explained that Troika Dialogue Group has no direct legal connection to Ameriabank. These two financial structures are legally connected via Ruben Vardanyan, the majority shareholder of the both. In addition, merger of two big financial structures and the decision of the management to head the new bank for at least 3 years will create new opportunities of cooperation with Ameriabank.
A. Hanesyan recalled that Sberbank is the biggest bank in Russia, Central and Eastern Europe. The share of the bank is nearly 30% of assets of the Russian banking system with nearly 240,000 employees. The deal of the two big structures will allow creating a powerful corporate and investment bank. The deal was made public on March 14 2011.
In September 2007 TDA Holdings Limited, the affiliated company of the largest investment company in Russia Troika Dialog, holds 99.99% stake in Ameriabank. The company acquired 96.15 percent stake in Armimpexbank in 2007 for 13 mln dollars. A rapid rise to top positions required an intensive capitalization, which was successfully implemented in 2008. In fact the bank took top positions in the lending and deposit markets, in the market of plastic cards and investment banking. In fact, the bank jumped from the category of small banks to the category of medium-size ones and then occurred among big banks. Since July 2008 the bank has been operating under brand AMERIABANK.
According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of Dec 21 2010 Ameriabank occupied the second position in the banking system in terms of total capital - 32.1 bln drams. The statutory capital of the bank was 25.5 bln drams (retained 1st position), assets totaled 153 bln drams (2nd position), credit exposure - 101.7 bln drams or 66.5% of total (2nd position), investment in government bonds - 12.4 bln drams or 8% of assets (2nd position), liabilities - 120.9 bln drams (2nd position). Nearly 40% of the loan portfolio is the share of industrial sector (over 36 bln drams - 1st position). The bank retains the top position in terms of the loan portfolio quality (0.25% overdue loans). The bank is on the 2nd position by the volume of its time deposits (53.5 bln AMD) with nearly equal shares of corporate and personal deposits. The bank ensured 2.9 bln drams net profit for 2010.
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