ArmInfo. Ameriabank is awarded the Euromoney Prize for the fifth time - this time the "Supremacy of 2017" as the best bank of the year in Armenia. As the press service of Ameriabank told ArmInfo, the current ceremony was held in London and became the 26th in a row. The award was presented to the representative of Ameriabank Armen Aslanian and head of the department for asset management, liabilities and capital Oganes Khachatryan.
Bank of the year is the Hong Kong HSBC. Among the winners are also Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley, Citi and BNP Paribas. An annual independent monitoring preceded the decision of the jury. British analysts monitored the financial performance of banks, their effectiveness, market share growth, customer attitudes, and at the same time the speed of developing and implementing innovative products.
To note, the magazine Euromoney is published in London since 1969 and is considered one of the most authoritative business publications in the world. Every year it chooses the best organizations in the field of finance and investment. The winners are determined in three stages: first they study the annual reports, then they interview the partners of the bank at home and abroad, after which the experts make assessments. Not only financial indicators are important, but also the professionalism of management and personnel, transparency of transactions, etc. The best banks in the world, the British magazine Euromoney annually finds in 100 countries - from Argentina to Norway. The Euromoney Award for Excellence is highly respected - a sort of financial Oscar. A prestigious annual award is awarded based on the analysis of the activities of candidates (banks, brokerage and dealer companies) conducted by financial analysts of Euromoney in more than 100 countries for 26 consecutive years. The "Excellence" award includes 20 nominations for the banking sector and the capital market.
To note, previously, the "Excellence" award as the best bank of the year in Armenia was awarded to Ameriabank from Euromoney in 2011, 2012, 2014 and 2016. Ameriabank is a universal bank that provides investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. There are also distinctive awards: from Global Finance (2016, 2015, 2013, 2012) and from The Banker/FT (2016, 2015, 2013, 2010). Ameriabank remains leader in the banking market of Armenia in terms of assets, loans, liabilities, both on time deposits and on demand deposits. With the entry of EBRD and concomitant significant infusions, Ameriabank took the lead both in terms of both general and charter capital. The bank's shareholders are Ameri Group - 65.8%, EBRD - 20.7%, ESPS Holding Limited - 13.5%.
According to the Financial Rating of Armenian Banks prepared by IA ArmInfo, Ameriabank's assets as of January 1, 2017 amounted to 718.3 billion AMD, with growth for the year by 39.2%, holding the first position in absolute terms. In the structure of the bank's assets, the share of credit investments accounted for 71.2% or 511.7 billion AMD (the first position), with an annual growth of 61.4%. In the loan portfolio of the bank, the corporate component amounted to 462.1 billion AMD (the first position), with an annual growth of 69.1%. 2016, Ameriabank completed with a net profit of 6.2 billion AMD, with an annual growth of 29.1%, providing the top priority for this indicator.