Friday, January 20 2017 16:29
Karina Melikyan

Ameriabank is in the lead by main financial indicators ensuring high growth rates

ArmInfo. Ameriabank retains leadership by main financial indicators ensuring high growth rates. According to the data of Express Ranking of Armenian Banks prepared by ArmInfo the bank's assets grew by 39.2% in 2016 to 718.3 bln drams or $1.5 bln due to growth of loan portfolio by 63% and investments in government securities by 63.4%. As a result the bank increased amounts of lending to 501.4 bln drams or $1.04 bln, while investments in state securities to 48.7bln drams or $100.6 mln. To note for comparison that in 2015 the growth rates were more moderate: assets grew by 29%, loan portfolio by 12.4%, investments in state securities-by 45.5%.

In 2016 Ameriabank increased general obligations by 43.2% to 653.9 bln drams or $1.4 bln versus 27.7% growth a year ago. In their structure liabilities against clients (time deposits and call liabilities) grew by 41% to 414.6 bln drams or $856.7 mln, the same growth was ensured in 2015.  Growth rates of loans attracted from international financial structures accelerated to 61.6% from 22% forming a portfolio amounting to 225.1 bln drams or $465.1 mln.

The Bank increased interest yield by 19.3% in 2016, at the same time interest expenses grew more significantly by 32%, along with which non-interest yield declined by 11.3% with more significant decline of non-interest expenses (by 37.8%). Commission fees grew in 2016 by 16% amid growth of commission expenses by 25.3%. Operational expenses declined by 44.8% amid growth of operational expenses by 15.3%, while administrative expenses grew by 60% to 9.4 bln drams, in their structure the wages fund has remained almost unchanged (5.7 bln drams).

The total capital of the bank increased by 8.6% to 64.4 bln drams or $133.1 mln due to growth of accumulated profit by 23.4% to 24.3 bln drams or $50.1 mln and sharp change of revaluation reserve from negative to positive level. At the yearend 2016 the Bank had net profit amounting to 6.2 bln drams or $12.8 mln ensuring 29.2% growth. In the structure of balance profit (prior to paying taxes) the share of profit from foreign currency transactions declined to 32.5% or 2.5 bln drams in the reported year versus 71.3% a year ago. Total regulatory capital of the bank reached 81.9 bln drams by Jan 1 2017, which exceeds the normative minimum capital requirement (30 bln drams) almost 3-fold. The bank ensured capital adequacy ratio at the level of 15.87% (amid required min of 12%), overall liquidity -31.23% (required min-15%), day-to-day liquidity- 133.17% (amid required min 60%) versus 15.07%, 29.91% and 151.26% respectively in 2015.

To note, Ameriabank is a universal bank providing investment, corporate and retail banking services. The bank has operated in the Armenian market since October 31 1996.  The network of the bank comprises 12 branches, 8 of which in Yerevan and 4 in the regions. The shareholders are Ameria Group CY Ltd (79.3%) and EBRD (20.7%). The bank is among leaders by lending to industrial sector (including energy), agriculture, construction field, trade sector, transport and communications, public catering and services, mortgage lending. The Bank retains leadership also by time deposits and call liabilities. In the middle of 2016 the bank issued coupon dollar bonds amounting to $15 mln (the main "Abond" list of NASDAQ OMX Armenia). At the same time, in June 2016 Ameriabank successfully placed debt securities amounting to $20 mln via its investment manager in the name of ResponsAbility Investments AG in four Luxemburg investment funds, planning to direct the attracted funds for lending to SMEs and financing of energy efficiency and renewable energy programs. The Bank has multiple Excellency awards by Euromoney (2014, 2012, 2011), Global Finance (2015, 2012, 2013), The Banker/FT (2016, 2015, 2013, 2010) and Commerzbank, the bank has been annually awarded STP Award since 2008.

POST A COMMENT
Input digits     


News
EU to send EUR 100 thousand in humanitarian aid to Armenia to support villages most affected by floodEU to send EUR 100 thousand in humanitarian aid to Armenia to support villages most affected by flood
Sarah Morgenthau: US is ready to expand economic relations with  ArmeniaSarah Morgenthau: US is ready to expand economic relations with  Armenia
Armenia, Ukraine discuss possibilities of expanding trade and  economic cooperationArmenia, Ukraine discuss possibilities of expanding trade and  economic cooperation
EDB provides AMD 100 million to help overcome flood consequences in  ArmeniaEDB provides AMD 100 million to help overcome flood consequences in  Armenia
2024-2030 employment strategy presented in Armenia 2024-2030 employment strategy presented in Armenia 
Ardshinbank CJSC joins the Partnership for Carbon Accounting Financials.Ardshinbank CJSC joins the Partnership for Carbon Accounting Financials.
SCR launches Yerevan-Batumi-Yerevan trainSCR launches Yerevan-Batumi-Yerevan train
Large-scale road construction work suggests creation of new road  networkLarge-scale road construction work suggests creation of new road  network
EBRD appoints new Managing Director for Turkiye and the CaucasusEBRD appoints new Managing Director for Turkiye and the Caucasus
From January 1, 2026, medical insurance will become mandatory for   tourists  arriving in GeorgiaFrom January 1, 2026, medical insurance will become mandatory for   tourists  arriving in Georgia
IDBank issues the 3rd tranche of dollar bonds of 2024IDBank issues the 3rd tranche of dollar bonds of 2024
So that old age can be a joy! Present and future of funded pension  reform in ArmeniaSo that old age can be a joy! Present and future of funded pension  reform in Armenia
Premier: Armenia increases its level of sovereignty and independence  every dayPremier: Armenia increases its level of sovereignty and independence  every day
EventHub.am is the official ticketing agent for the concert of the world renowned Black Eyed Peas in TbilisiEventHub.am is the official ticketing agent for the concert of the world renowned Black Eyed Peas in Tbilisi
National Geographic recommends visiting Armenia as an attractive  tourist destinationNational Geographic recommends visiting Armenia as an attractive  tourist destination
Pashinyan: program for providing housing to forcibly displaced  persons from Nagorno-Karabakh is entering practical stage of  implementationPashinyan: program for providing housing to forcibly displaced  persons from Nagorno-Karabakh is entering practical stage of  implementation
Projects implemented jointly with Rosatom State Corporation discussed  in ArmeniaProjects implemented jointly with Rosatom State Corporation discussed  in Armenia
Assessing long-term impact of new US sanctions against Russia will  take time - Central Bank GovernorAssessing long-term impact of new US sanctions against Russia will  take time - Central Bank Governor
Martin Galstyan: Azerbaijan is not among top 50 remittance  destinationsMartin Galstyan: Azerbaijan is not among top 50 remittance  destinations
Armenian Parliament approves report on  Execution of State Budget for  2023Armenian Parliament approves report on  Execution of State Budget for  2023
Fly Arna staff demand salariesFly Arna staff demand salaries
Pashinyan: Work has begun on developing program to address priority  issues for restoring disaster zone Pashinyan: Work has begun on developing program to address priority  issues for restoring disaster zone 
Instant money transfers from Russia to Armenia with the “ФОРА-БАНК” appInstant money transfers from Russia to Armenia with the “ФОРА-БАНК” app
Since 2017, National Foundation for Servicemen Insurance has paid  monetary compensation to families of 5,345 dead, missing servicemenSince 2017, National Foundation for Servicemen Insurance has paid  monetary compensation to families of 5,345 dead, missing servicemen
Armenia`s CB revises GDP growth forecast for 2024 upward Armenia`s CB revises GDP growth forecast for 2024 upward 
Economic entities must not get accustomed to Economic entities must not get accustomed to "cottonwood existence" -  minister
State budget both financial and political document - minister State budget both financial and political document - minister 
Premier was presented with draft strategic employment programPremier was presented with draft strategic employment program
WB does not change previous improved forecast for Armenia`s GDP  growth of 5.5% in 2024 and 4.9% in 2025 WB does not change previous improved forecast for Armenia`s GDP  growth of 5.5% in 2024 and 4.9% in 2025 
Martin Galstyan: Under favorable conditions, loan interest rates may  dropMartin Galstyan: Under favorable conditions, loan interest rates may  drop
CBA: GDP above-potential growth and its non-widespread nature poses  uncertainties regarding relative position of aggregate demand versus  aggregate supplyCBA: GDP above-potential growth and its non-widespread nature poses  uncertainties regarding relative position of aggregate demand versus  aggregate supply
Central Bank Governor: Inflation in Armenia to approach 2.2%-2.5% by  end of yearCentral Bank Governor: Inflation in Armenia to approach 2.2%-2.5% by  end of year
Armenia`s Central Bank expects additional incentives after Government  increases spending on eliminating consequences of disaster Armenia`s Central Bank expects additional incentives after Government  increases spending on eliminating consequences of disaster 
idcoin: New tool in IDBank’s loyalty systemidcoin: New tool in IDBank’s loyalty system
Armenia`s Central Bank continues reducing refinancing rate Armenia`s Central Bank continues reducing refinancing rate 
Income tax on mortgage loans to be abolished in 2029 Income tax on mortgage loans to be abolished in 2029 
About 173 Million Drams and More Than 30 Beneficiary Funds. About 173 Million Drams and More Than 30 Beneficiary Funds. "The Power of One Dram" is 4 Years Old
Armenia to participate in Food Africa-2024 exhibition Armenia to participate in Food Africa-2024 exhibition
EasyPay Supports Launch of “Financial Literacy” Program by Armenian Code Academy and Technological Education Foundation EasyPay Supports Launch of “Financial Literacy” Program by Armenian Code Academy and Technological Education Foundation 
 Team promotes business education: CaseKey Academy opened Team promotes business education: CaseKey Academy opened
Armenian-Indian business forum held in YerevanArmenian-Indian business forum held in Yerevan
Armenia elected UN Economic and Social Council Member for 2025-2027Armenia elected UN Economic and Social Council Member for 2025-2027
Central Bank identifies two main risks threatening Armenia`s  financial stabilityCentral Bank identifies two main risks threatening Armenia`s  financial stability
Armswissbank issues 3 bonds from the 10th of juneArmswissbank issues 3 bonds from the 10th of june
The Power of One Dram to The Road of Life: July`s Beneficiary is Strong MindThe Power of One Dram to The Road of Life: July`s Beneficiary is Strong Mind
Recent floods in Armenia confirm need to ensure food security -  statementRecent floods in Armenia confirm need to ensure food security -  statement
AraratBank places dollar bondsAraratBank places dollar bonds
Russia making efforts to resume launch of Mir cards in Armenia,  Kyrgyzstan Russia making efforts to resume launch of Mir cards in Armenia,  Kyrgyzstan 
Deputy Minister of Finance: Export of goods of Armenian origin  decreased by 14.3% in Q1 2024Deputy Minister of Finance: Export of goods of Armenian origin  decreased by 14.3% in Q1 2024
OVIO modernizes its sales and service centers in Kapan, Kajaran and  GyumriOVIO modernizes its sales and service centers in Kapan, Kajaran and  Gyumri
EU to allocate EUR11 million for next 5 years to implement R2D Syunik  projectEU to allocate EUR11 million for next 5 years to implement R2D Syunik  project
New sports complex to be constructed in KapanNew sports complex to be constructed in Kapan
Higher-rate economic activity growth in Armenia Higher-rate economic activity growth in Armenia 
 Armenia`s regional administration to receive AMD 2.5bln for  subvention programmes  Armenia`s regional administration to receive AMD 2.5bln for  subvention programmes 
Turnover tax forming unhealthy economic environment should be  abolished - premier Turnover tax forming unhealthy economic environment should be  abolished - premier 
Armenia is especially loved by tourists from Russia, Georgia, Iran,  the USA, Germany, France, Ukraine, China and BelarusArmenia is especially loved by tourists from Russia, Georgia, Iran,  the USA, Germany, France, Ukraine, China and Belarus
CBA CBA "accuses" bank clients of "illogical behavior"
Sanosyan: some problems arose during implementation of first landfill  construction projectSanosyan: some problems arose during implementation of first landfill  construction project
Russian Digital Attache in Armenia: Russia`s experience in building  underwater fiber-optic link may be relevant, including for ArmeniaRussian Digital Attache in Armenia: Russia`s experience in building  underwater fiber-optic link may be relevant, including for Armenia
YOY inflation in Armenia decreased from 1.3% to 0.3% in May, due to  cheaper food productsYOY inflation in Armenia decreased from 1.3% to 0.3% in May, due to  cheaper food products
Read more
Exchange rates
18.06.2024
RUB4.370.00
USD388.73-0.05
EUR416.600.18
GBP493.260.71
CAD282.77-0.21
JPY24.59-0.07
CNY53.57-0.01
CHF437.761.91