ArmInfo. Based on results of 2016, America bank occupies the 3rd position at the retail business markert in the banking system of Armenia. According to clarifications of Arman Barseghyan, the Retaild Banking Director and Ameria Bank Directors Board member, several years ago, in 2008, the bank occupied the 8th position.
He informed also, that the retail loan portfolio of the bank could be increased during the reported yearc for 28,5% - up to 57,2 bln AMD. " In this respect i could state that Ameria bank has implemented the task contained in the strategic plan, fully, while the retail loan aspect was mentioned as one of the priorities of strategic plan," he mentioned.
At the same time, according to Barseghyan, first time in the history of Armenian banking system Ameriabank succeed with reaching the unprecedented volume if loans, which has exceeded the USD 1 bln mark as of January 1, 2017. Based on results of 2016, the Ameriabank is the leader of Armenian banking system in respect to all the genreal indicators: assets, liabilities, credit portfolio, deposits, benefit and equity capital, which is a very good base for the exit of the bank to the international market of IPO," he accentuated.
According to the Financial Rating of the Armenian Banks, prepared by IC ArmInfo, the volume of agricultural crediting declined by 0.7% to 201.9 billion AMD ($ 312 million) in 2016, against the growth by 18.3% a year earlier. But the dynamics of lending to the industrial sector, on the contrary, improved from 8.2% decline in 2015 to a 15.4% growth, amounting to 453.3 billion AMD ($ 936.7 million). In the agricultural sector, over 19% of bad loans from the total volume of hopeless, accumulated, and in the industrial sector about 17%, with the absolute value of bad loans growing 2.2 times in the annual section, and 8.6% in the bad loans of the industrial sector. In the total loan portfolio of banks, the share of lending to the industrial sector is 17%, and that of agricultural loans 5.7%. For the year of 2016, the net profit of the banking system of Armenia sank by 30% to 18.3 billion drams ($ 37.8 million), which, in all probability, is the result of clearing the loan portfolio from toxic credits. In 2015-2016, four banks emerged from the banking market: ProCredit, BTA, Areximbank- Gazprombank Group and the Armenian Development Bank, which combined with INECOBANK, Armeconombank, Ardshinbank and Araratbank, respectively.
To note, CJSC "Ameriabank" is a universal bank that offers the investment, corporative and retail banking services. The shareholder of the bank is Ameria Group CY Ltd. with 100% share in the capital.