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%.