Wednesday, September 7 2011 16:54

By late 2011 Ameriabank is going to increase its credit portfolio to 130 bln AMD


ArmInfo. By late 2011 Ameriabank is going to increase its credit portfolio to 130 bln AMD against 123 bln AMD as of 1 September.

When replying to ArmInfo correspondent's question, Director for Development of Ameriabank Tigran Jrbashyan said that in the total credit portfolio of the bank the share of loans provided to SME and retail loans makes up about 36 bln AMD. He pointed out that the portfolio growth will also be increased due to attraction of resources from international financial structures. "This year it is envisaged to attract a total of 50 mln USD from these organizations, part of which has already been attracted", Jrbashyan stressed.

He added that in order to accelerate the implementation of the project on development of its universal direction, Ameriabank considers the possibility of inorganic growth. "Without this, the process of transition from corporate banking to universal banking may last quite long. Therefore, this year we may make specific announcements on inorganic growth", he said.

He stressed that to ensure activation of the universal spectrum of services, Ameriabank will keep on expanding the branch network, hereby creating a favorable infrastructure. Today the bank has 8 branches: 4 in Yerevan, and 4 in the marzes of Armenia. To note, the majority shareholder of the bank is TDA Holdings Limited (99.99%) affiliated with Troika Dialog.
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