Friday, January 26 2018 17:04
Karine Melikyan

Ameriabank continues to lead in terms of key financial indicators

Ameriabank continues to lead in terms of key financial indicators

ArmInfo. Ameriabank continues to lead the main financial indicators, despite some restraint of the growth rate, which nevertheless does not prevent from increasing its profits more weightily.

According to the Express-Ranking of Armenian Banks, prepared by NA ArmInfo, the bank's assets as of the end of 2017 totaled 677.7 billion AND ($ 1.4 billion, 1st position). In their structure, 69.2% or 468.9 billion AMD ($ 968.4 million, 1st position) accounted for credit investments and other loans, and 8.5% or 57.8 billion ($ 119.4 million) for investments in securities. For the year 2017, the loan portfolio of the bank decreased by 6.5%, but investments in securities increased by 14.2%, which kept down the assets at 5.8%.  As a comparison, we note that a year earlier, in 2016 the bank demonstrated a significant increase in these indicators: the loan portfolio by 63%, investments in securities by 63.4%, assets by 39.2%. And despite the slowdown in the growth rate of investments in securities, the bank has established itself on this indicator at the 2nd position.

By January 1, 2018, Ameriabank's total liabilities were fixed at the leading 607.8 billion drams or $ 1.3 billion, despite a 7.2% decline, versus 43.2% growth in 2016. In their structure, liabilities to customers (term deposits and demand deposits) amounted to 61.7% or 375.2 billion drams ($ 775 million, the 2nd position), loans attracted from international financial institutions - 29.5% or 179.1 billion drams ($ 369.9 million, 1 st position), and the funds received from the placement of own bonds - 6.7% or 40.9 billion drams ($ 84.6 million). In 2017, the bank reduced its liabilities to customers by 9.5% and loans attracted from international financial institutions - by 16.9%, while increasing by 2.3 times the funds received from the placement of its own bonds. A year earlier, in 2016, the bank demonstrated a significant increase in liabilities to customers and loans attracted from international financial institutions.

The Bank raised its total capital in the reporting year by 8.6% to 69.9 billion drams or $ 144.5 million due to the growth of accumulated profit by 22.7% to 29.8 billion drams or $ 61.5 million. 2016 the Bank completed with a net profit of 7.7 billion AMD or $ 15.9 million, with growth of 24%. In the fourth quarter alone, the bank's net profit amounted to 2.3 billion AMD, an increase of 13% over the previous quarter. The regulatory total capital of Ameriabank reached by January 1, 2018 84.1 billion AMD (with an annual growth of 2.7%), which is almost 3 times higher than the normative minimum amount (30 billion) entered into force since 2017. The Bank's capital adequacy ratio was 12.74% at the end of 2017 (with the required 12% min), total liquidity - 29.74% (with the required min 15%), current liquidity - 93.35% (at the required min 60 %), against, respectively, 15.87%, 31.23% and 133.17% a year earlier.

The Bank is in the lead in lending to the industrial sector (including the energy complex), agriculture, construction sector, trade, transport and communications, catering and services, and mortgage lending. The Bank is also a leader in term deposits and demand deposits.

Since March 2016 the bank has started issuing its bonds: the number of issues by January 1, 2018 has already reached 8, out of which 5 - dollar in the total amount of $ 55 million, 1 - euro in the amount of 3 million and 2 - AMD in the total volume of 2.5 billion, which are listed in the main "Abond" list of the NASDAQ OMX Armenia stock exchange.

At the same time, Ameriabank successfully placed debt securities worth $ 20 million in four Luxembourg investment funds through its investment manager in the form of respons Ability Investments AG in June 2016, having planned to direct the proceeds from the placement of these securities to SME lending and financing of energy efficiency and renewable energy projects power engineering. Distinctive awards: from Euromoney (2017, 2016, 2014, 2012, 2011), from Global Finance (2016, 2015, 2013, 2012), from The Banker/FT (2016, 2015, 2013, 2010), from Commerzbank with 2008 is annually awarded with the "STP- Award".

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 includes 14 divisions, out of which 9 are metropolitan and 5 are regional ones. In the share capital of Ameriabank, with the entry of the European Bank for Reconstruction and Development in December 2015, the equity participation has changed as follows: Ameria Group CY Ltd. - 65.8%, EBRD - 20.7% and ESPS Holding Limited - 13.5%.

POST A COMMENT
Input digits     


News
Number of plastic cards up as capital relocated to Armenia Number of plastic cards up as capital relocated to Armenia 
AMD 4,248,945 to AMD 4,248,945 to "QaylTech": The August beneficiary of "The Power of One Dram" is "The Rehabilitation City of Heroes" - psychological rehabilitation center
Airlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in ArmeniaAirlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in Armenia
Cargo traffic down, passenger traffic up in Armenia in first half,  2022Cargo traffic down, passenger traffic up in Armenia in first half,  2022
Growth of trade sector was facilitated by increase in activity in  wholesale and car trade marketsGrowth of trade sector was facilitated by increase in activity in  wholesale and car trade markets
4.5% increase in proceeds of Armenia`s communication sector in first  half 20224.5% increase in proceeds of Armenia`s communication sector in first  half 2022
188,856 tourists visit Armenia this July188,856 tourists visit Armenia this July
Accelerated growth of Armenian industrial sector was driven by  processing industryAccelerated growth of Armenian industrial sector was driven by  processing industry
Veolia Djur proposes to raise water tariff in ArmeniaVeolia Djur proposes to raise water tariff in Armenia
State Revenue Committee of Armenia starts active administration in  pursuance of law State Revenue Committee of Armenia starts active administration in  pursuance of law " On Non-Cash Transactions"
Armenia`s premier calls for revising economic programmes Armenia`s premier calls for revising economic programmes 
EDB to allocate $25 million to implement Armenia`s largest livestock  programEDB to allocate $25 million to implement Armenia`s largest livestock  program
Double-digit growth in economic activity in Armenia is accompanied by  surge in imports and exportsDouble-digit growth in economic activity in Armenia is accompanied by  surge in imports and exports
Armenian business forum to be held in Yerevan for second timeArmenian business forum to be held in Yerevan for second time
Production of aluminum foil in Armeniaincreased by 8% in June 2022Production of aluminum foil in Armeniaincreased by 8% in June 2022
Metallurgy industry of Armenia sums up H1 2022 with a 7% declineMetallurgy industry of Armenia sums up H1 2022 with a 7% decline
EDB: Armenia ranks first among member countries with small economies  in current investment portfolio of EDB EDB: Armenia ranks first among member countries with small economies  in current investment portfolio of EDB 
EADB to allocate $37mln for construction of 11 solar power stationsEADB to allocate $37mln for construction of 11 solar power stations
Apartments in Yerevan rose in price by 5.4% in Q2, with increase in  transactions for their purchase and sale by 30.8%Apartments in Yerevan rose in price by 5.4% in Q2, with increase in  transactions for their purchase and sale by 30.8%
 Further rise in food prices in Armenia  Further rise in food prices in Armenia 
Loan payoff with another bank via AppLoan payoff with another bank via App
Deputy Minister: 12 more lanes added to 13 existing lanes of Upper  Lars checkpointDeputy Minister: 12 more lanes added to 13 existing lanes of Upper  Lars checkpoint
Ferry communication to be launched this month - minister Ferry communication to be launched this month - minister 
Armenia is among the TOP-5 destinations for Russian tourists this  autumArmenia is among the TOP-5 destinations for Russian tourists this  autum
Austria to invest in Armenia`s SyunikAustria to invest in Armenia`s Syunik
Gyumri Breeding Station reports three-fold growth in barley output Gyumri Breeding Station reports three-fold growth in barley output 
CBA: In February-June 2022, demand deposits of non-residents  increased significantly in Armenian banksCBA: In February-June 2022, demand deposits of non-residents  increased significantly in Armenian banks
CBA: High demand leads to the expansion of the inflationary  environment and maintenance of high inflation expectations, but dram  appreciation partially neutralizes the price increaseCBA: High demand leads to the expansion of the inflationary  environment and maintenance of high inflation expectations, but dram  appreciation partially neutralizes the price increase
Minister: The share of the mining industry in the total volume of  Armenia`s exports has decreasedMinister: The share of the mining industry in the total volume of  Armenia`s exports has decreased
Statistical data, real situation in agricultural sector different -  minister Statistical data, real situation in agricultural sector different -  minister 
FLYONE ARMENIA launches flights to Domodedovo International AirportFLYONE ARMENIA launches flights to Domodedovo International Airport
Armenia, Iran deepen cooperation in mining industryArmenia, Iran deepen cooperation in mining industry
CBA raises refinancing rate from 9.25% to 9.5% CBA raises refinancing rate from 9.25% to 9.5% 
23.9% rise in petrol prices in Armenia in first half of 2022 23.9% rise in petrol prices in Armenia in first half of 2022 
Armenia meets Russia`s brand demandArmenia meets Russia`s brand demand
Armenia is not ready to open the land border with Turkey: ExpertArmenia is not ready to open the land border with Turkey: Expert
Armenia, Qatar discuss possible areas of bilateral cooperationArmenia, Qatar discuss possible areas of bilateral cooperation
Massive arrival of Russians to Armenia, along with movement of their  capital, ensured 7-multifold increase in net inflow of remittances  from Russia in Q2 2022Massive arrival of Russians to Armenia, along with movement of their  capital, ensured 7-multifold increase in net inflow of remittances  from Russia in Q2 2022
Ardshinbank offers a new type of loan for small and medium enterprises.Ardshinbank offers a new type of loan for small and medium enterprises.
Armenia among priority partners of Austrian Development AgencyArmenia among priority partners of Austrian Development Agency
International reserves of Armenia reaches historical maximum by July  2022International reserves of Armenia reaches historical maximum by July  2022
More funds for government-sponsored medical services More funds for government-sponsored medical services 
South Caucasus Railway delivers production equipment from Yerevan to  KrasnodarSouth Caucasus Railway delivers production equipment from Yerevan to  Krasnodar
4% inflation expected in Armenia in medium-term 4% inflation expected in Armenia in medium-term 
Ameriabank leads in list of largest taxpaying banks in ArmeniaAmeriabank leads in list of largest taxpaying banks in Armenia
Armenia`s communication companies pay 25% less as taxes to budget in  1st half of 2022Armenia`s communication companies pay 25% less as taxes to budget in  1st half of 2022
Over 500 Armenian servicemen to benefit from soft lending programmeOver 500 Armenian servicemen to benefit from soft lending programme
Washington to allocate $120mln to Armenia for democratic development,  economic stabilityWashington to allocate $120mln to Armenia for democratic development,  economic stability
17.1% increase in food prices significantly affected low-income  citizens of Armenia - study17.1% increase in food prices significantly affected low-income  citizens of Armenia - study
Armenia, Ethiopia consider development of cooperation in e-governance  and technology educationArmenia, Ethiopia consider development of cooperation in e-governance  and technology education
Armenian assets of GeoProMining Group of Compaines significantly  increase payments to state budgetArmenian assets of GeoProMining Group of Compaines significantly  increase payments to state budget
Vardan Aramyan pointed to risks for Armenia`s GDP and loss of  potential of Russian economy amid IMF`s Vardan Aramyan pointed to risks for Armenia`s GDP and loss of  potential of Russian economy amid IMF`s "Gloomy and More Uncertain"  forecast
Armenia`s vice-premier hosts AMD company vice-presidents Armenia`s vice-premier hosts AMD company vice-presidents 
MFA: Sanctions against Russia have their negative direct or indirect  impact on Armenia`s economic development MFA: Sanctions against Russia have their negative direct or indirect  impact on Armenia`s economic development 
Mirzoyan, Lipavsky note need to fully realize potential of trade and  economic bilateral relationsMirzoyan, Lipavsky note need to fully realize potential of trade and  economic bilateral relations
Zangezur Copper-Molybdenum Combine topped list of taxpayers in  Armenia in H1 2022Zangezur Copper-Molybdenum Combine topped list of taxpayers in  Armenia in H1 2022
Converse Bank completes distribution of bonds ahead of scheduleConverse Bank completes distribution of bonds ahead of schedule
Armenia implements intellectual property development strategyArmenia implements intellectual property development strategy
Iran successfully expands trade with Armenia: Iran TPO headIran successfully expands trade with Armenia: Iran TPO head
Converse Bank offers new loans to SME’sConverse Bank offers new loans to SME’s
Read more


Exchange rates
10.08.2022
RUB6.71-0.01
USD405.78-0.50
EUR415.48-0.02
GBP490.75-1.13
CAD315.19-0.78
JPY30.06-0.06
CNY60.02-0.09
CHF427.591.36