Monday, April 2 2012 14:16

Ameriabank leasing portfolio up 85% to $8.7 million for Q1 2012


ArmInfo. Ameriabank's leasing portfolio grew 85% for Q1 2012 to 3.4 billion drams ($8.7 million), the bank's press-service told ArmInfo the given indicator grew over twofold versus the same period of 2011.

The share of the construction, food, and mining industry, health, trade and services is the largest in the leasing portfolio of the bank. "Flexible terms of leasing allow the bank to rapidly increase and diversify the portfolio," the bank's press release says.

Through its leasing service Ameriabank funds acquisition of various fixed assets, including real estate. Ranking of the Armenian Commercial Banks prepared by the Agency of Rating Marketing Information ArmInfo says the total capital of Ameriabank grew almost 10% in 2011 to $91 million (2ns position). The bank is on the 2nd position also in terns of the statutory capital - $66 million. In 2011 the bank's net profit totaled $11,3 million with a 37.3% growth versus 2010. This indicator for Q4 2011 totaled $3.7 million (3rd position). In terms of the leasing portfolio the bank is on the 2nd position - over 25% of total leasing portfolio of the banking system.

Ameriabank CJSC is a universal bank providing investment, corporate and limited retail banking services in terms of a package of banking solutions.
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