Wednesday, August 22 2012 21:34
Ameriabank is Armenian financial market leader in factoring
ArmInfo. Ameriabank is the leader in the financial market of Armenia in terms of factoring operations that grew nearly 2.7-fold for the first half of 2012, Ameriabank press-service told ArmInfo.
Money claims assigned under factoring agreements for the first half of 2012 exceeded the indicator for the same period of 2011 4-fold. Factoring without regression growth rates are high as well. Thus, the shares of factoring with regression and factoring without regression for the first half of 2012 was 72% and 28%, respectively.
The source reports that in factoring operations Ameriabank cooperates with a network of wholesale trade, big industrial enterprises, and companies providing public services. Given peculiarities of its customers, the bank developed and introduced individual transaction schemes.
Ameriabank plans to continue active factoring operations also in the second half of 2012, simultaneously expanding and developing international factoring operations.
Ranking of Armenian Banks prepared by ArmInfo Agency says assets of Ameriabank totaled 222 bln drams (2nd position) as of July 1 2012 with a 25% growth for the same period of 2011 and 12% growth for Q2 2012. In the assets structure, the share of credit exposures made up nearly 72% or about160 bln drams (2nd position) with a 23.5% growth versus July 2011 and 12% growth for Q2 2012. Net profit of the bank for the first half of 2012 led the bank to the 2nd position - 2.5 bln drams with a 78% growth versus the first half of 2011. Net profits for Q2 2012 totaled 1.5 bln drams growing 56.4%.
CJSC Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Since Nov 2011 Ameria Group is a majority shareholder of the bank with 99.99%. The bank serves 9 branches: 5 in Yerevan and by one branch in NKR, Kajaran, Dilijan and Vanadzor.
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