Thursday, August 1 2013 17:05

Ameriabank strengthens its leading positions


ArmInfo. Ameriabank is strengthening its leading positions in the Armenian banking system. By its net profit for the first half of 2013, the Bank is among the top three leaders (2nd position) with 2.8 bln AMD (up 12% versus the first half of 2012). The Bank's press service has told ArmInfo that in Jan-Jun 2013 the net operating income of the Bank amounted to 7.8 bln AMD (up 20% versus Jan-Jun 2013).

Over the first half of 2013, Ameriabank's assets grew by 50% to 366.4 bln AMD, liabilities grew by 57% to 327 bln AMD. As compared with the first half of 2012, assets were up 65%, liabilities were up 77%. By its assets and liabilities, Ameriabank is in the lead in the banking market of Armenia.

By 1 July 2013, Ameriabank's loan book exceeded 156 bln AMD (11% increase over Jan-June 2013). SME lending was up more than 18% to 25 bln AMD. By the end of 2013, Ameriabank is going to increase its portfolio of SME loans to 33 bln AMD. On 15 May 2013 the Bank launched the Quickly & Simply loan campaign and prolonged the campaign period to October 1 given the high demand for the loans.

In the first half of 2013, the time deposits of individuals in Ameriabank grew by 20% to over 56 bln AMD. Unlike the standard deposits, the Ameria Deposit introduced by the Bank on 1 May 2013 allows the depositors to manage their funds on preferential terms. As a result, the flow of depositors in the bank has considerably risen.

Ameriabank CJSC provides investment, corporate and retail banking services. Ameria Group has been the majority stockholder of Ameriabank since November 2011 with a 99.99% stake. The Bank has 9 branches, 5 of them in Yerevan, 3 in the regions, and 1 in the Nagorno-Karabakh Republic.
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