Monday, December 4 2017 14:05
Alina Hovhannisyan

Ameriabank named "Bank of the Year 2017" in Armenia by The Banker

Ameriabank named "Bank of the Year 2017" in Armenia by The Banker

ArmInfo. The Banker  magazine, the world's leading financial publication, part of the  Financial Times group, named Ameriabank "Bank of the Year" in Armenia  during the 18th Annual Award Ceremony in London.

As the press service of the Bank told ArmInfo, at the awarding  ceremony in London organizers of the contest noted that the decision  to recognize Ameriabank as the winner was based on such criteria as  strengthening the position of a large universal bank and the leader  among creditors, exceeding the credit portfolio for 2016 of $ 1  billion - for the first time in the banking system of Armenia, high  liquidity indicators, introduction of new technological solutions for  online banking, client-oriented policy. Great importance was also  attached to effective cooperation with international financial  institutions, great potential for sustainable growth, balanced risk  management.

According to the source, Bank of the Year 2017 awards were given to  banks such as BNP Paribas (Belgium and France), Bank of America  (USA), Bank of China (Hong Kong), TBC Bank (Georgia) and other  prestigious financial institutions. Ameriabank has been receiving  this award for the third year in a row and in general for the fifth  time throughout its activity (the previous awards were received by  the bank in 2016, 2015, 2013 and 2010). The Banker award is the world  standard for assessing the development of banking activities and is  awarded for the 18th year in a row. 

The leading banks of 141 countries of the world applied for  participation in the contest this year. According to the Financial  Rating of Armenian Banks as of September 30, 2012, the total capital  of the banking system was 680.5 billion drams with annual growth of  17.8%, assets - 4.1 trillion drams with annual growth of 19%,  liabilities - 3.4 trillion drams annual growth of 19.2%. In the  structure of assets, 64.2% or 2.6 trillion drams accounted for the  share of credit investments, with an annual growth of 18.7%, while  the corporate portfolio increased by 17.6% with a retail growth of  14.4%. In the structure of common liabilities, term deposits  accounted for 46.6% or 1.6 trillion drams (annual growth of 18.6%),  demand liabilities - 23.9% or 822.8 billion drams (annual growth of  50.4%), and international borrowings (m / w loans) - 20.6% or 707.9  billion drams (annual decline of 1.4%). Net profit of the banking  system increased by 69.8% on an annual basis, making 29.5 bln drams  following the results of 9 months of 2017, of which 10.2 bln were  provided for the third quarter with an increase of 18%. Ameriabank is  the leader in terms of total capital, assets, loan portfolio (and  corporate), investments in securities, general liabilities (both on  demand deposits and international borrowings), occupies the 2 nd  position in the authorized capital, net profit , The 3rd position on  term deposits (but the second by term deposits of legal entities).

It should be noted that Ameriabank CJSC is a universal bank that  provides investment, corporate and retail banking services in the  form of a comprehensive package of banking solutions. The bank has  been operating in the Armenian market since October 31, 1996. The  branch network of Ameriabank today has 14 divisions: 8 - metropolitan  and 6 - regional. As of October 1, 2017, the Bank's shareholders are  Ameria Group with 65.8% equity interest, EBRD - 20.7% and ESPS  Holding Limited - 13.5%. 

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