Monday, January 20 2014 20:12

Ameriabank takes the lead in assets and liabilities


ArmInfo. Ameriabank has taken the lead in assets. In 2013 the Bank's assets increased by almost 30% to 315.1 bln AMD due to 20% growth in its loan book. According to the financial statement of Ameriabank, by 1 Jan 2014 the Bank's lending totaled 172.6 bln AMD, with 2.7 bln AMD of this amount being the share of leasing (with a slight change fixed versus 2012). The share of factoring operations grew more than twofold y-o-y in 2013 and totaled 3.6 bln AMD.

The Bank's activeness in the lending market allowed increasing the revenues of the balance sheet by 13.7% to 27.7 bln AMD. However, the total expenditures rose by 19.3% to 20.1 bln AMD and the net profit grew by 2% only to 6.2 bln AMD (3rd position in the market).

Ameriabank is also in the lead in total liabilities. In 2013 the Bank's liabilities grew by 32.6% to 276.2 bln AMD. In the structure of liabilities, the payables to the customers totaled 169.9 bln AMD as of 1 Jan 2014 (1st position in the banking market, 34.5% rise versus 2012), and the payables to the banks and other financial organizations grew by 23.8% to 87.3 bln AMD.

Interest revenues made up 22.8bln AMD (10.1% annual growth), fee revenues by 23.5% to 2.1bln AMD. Interest expenses grew by 15.6% to 11.1bln AMD, while fee expenses dropped by 34.5% to 413.5mln AMD.

As of Jan 1 2014 Ameriabank's capital totaled 38.8bln AMD (5.5% more than on Jan 1 2013, 4th place among Armenian banks). The authorized capital remained unchanged at 25.4bln AMD (2nd place). The revaluation reserved grew tenfold to 417.5mln AMD, the accumulated profit by 14.7% to 12.9bln AMD (5th place).
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