Wednesday, October 29 2014 18:56
Ameriabank confidently strengthens its leading positions
ArmInfo. Ameriabank is confidently strengthening its positions among the leading banks of Armenia. In Jan-Sept 2014, the Bank considerably outstripped the country's banking system by the growth rates of its main indices. In some indices the Bank even contravened the negative trends of the market.
During the Oct 29 press conference, Gevorg Tarumyan, Deputy General Director, CFO at Ameriabank, said that as compared with early 2014 the Bank increased its assets by 6% to 334 bln AMD, while the banking system experienced 0.6% growth in this index. Ameriabank has retained leadership in assets.
The Bank is also in the lead in total liabilities, which grew by 6.1% in Jan-Sept 2014 and amounted to 293.2 billion AMD. In the structure of liabilities, the payables to the customers grew by 21.4% to 206.3 billion AMD (first rank). In Jan-Sept 2014, the Bank also increased the time deposits of individuals by 12.2% to 76 billion AMD. Meanwhile, the banking system experienced 0.5% decline in total liabilities and 0.6% decline in payables to the customers.
In the meantime, the bank's loan book, including leasing and factoring deals, grew by 19% to 209.6bln AMD (2nd rank among Armenia's banks) against 6.4% growth in the loan book of all Armenian banks. The share of corporate loans grew by 21.8% to 170.5bln AMD (1st rank). SMEs were lent 45.5bln AMD or 35.7% more than a year before.
"Ameriabank continues to successfully implement its strategy of a universal bank and to actively develop its retail business. Over the last two years we have made significant achievements in retail lending. As compared with the beginning of this year our consumer loans have redoubled to 2.5bln AMD, mortgage loans grew by 23.3% to 12.5bln AMD and car loans grew by 13.3% to 3.8bln AMD," Tarumyan said.
In Jan-Sept 2014 the bank's net profit made up 5.1bln AMD or 18% of the net profit of all Armenian banks. This index registered a 11.2% growth as compared with Jan-Sept 2013 and almost redoubled in Q3 2014. During the same period the net profit of the banking sector dropped by 20.1%.
In Jan-Sept 2014 Ameriabank enlarged its clientele by 16%.
Tarumyan said that in Oct 2014 the bank borrowed a $20mln convertible subordinated loan from the Dutch FMO and is planning to increase its capital by the end of this year.
Ameriabank is a universal bank providing a complex package of investment, corporate and retail banking services. The sole owner of the bank is Ameria Group CY Ltd.
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