Monday, February 4 2013 20:04
Armenian Development Bank holds leading positions by growth in assets, loan book and exposure to customers
ArmInfo. The Armenian Development Bank (ADB) holds the leading positions by growth in its assets, loan book and exposure to customers. The press service of the Bank told ArmInfo that by 1 Jan 2013 the assets of the Bank amounted to 51.1 bln AMD, having grown by 41.6% over 2012 (1st position by growth rates in the Armenian banking system).
The source says that in 2012 the Bank held the 2nd position by the growth rates in exposure to the customers - by 41% to 34 bln AMD, and the 3rd position by the loan book growth - by more than 10 bln AMD. In 2012 the financial result of the ADB in 2012 allowed the Bank to increase the total capital by 762.7 mln AMD. In terms of ROE (10.2%) the Bank found itself among the top ten leaders in the banking system.
According to the Ranking of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), as of 1 Jan 2013, the loan portfolio of the ADB was 35.6 bln AMD (45.4% growth over 2012), corporate lending was up 33% - to 19.8 bln AMD (55.6% of the loan book), and lending to individuals grew by 59.5% (1st position) to 15.8 bln AMD (44.4% of the loan book). By 1 Jan 2013, the total capital of the Bank amounted to 8.6 bln AMD (10.8% growth since early 2012). The Bank completed the year 2012 with a net profit of 879 mln AMD (16% y-o-y growth).
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