Artak Anesyan: Over the past 10 years, Ameriabank has allocated over  $ 4.5 billion to finance the Armenian economy

ArmInfo. Over the past 10 years, Ameriabank has directed over $ 4.5 billion in loans to the Armenian economy, of which $ 1.2 billion accounted for financing of exports.  On March 19, during the final press conference of the Union of Banks  of Armenia, the head of UBA, Chairman of the Directorate, Director  General of Ameriabank Artak Anesyan informed this. 

In this vein, he noted that the annual growth of bank credit  investments was recorded at an average of 39%.Speaking about the  results of 2018, A.Anesyan said that Ameriabank managed to double its  consumer portfolio, increase mortgage assets by more than 50%,  business loans - by 14%. In addition, the client base of the bank has  doubled.In this context, A.Anesyan noted: "I suppose that this  happened due to the introduction of new services, in particular, the  scoring system for online issuance of loans, which provides an  opportunity to receive a bank's decision on loan approval in a matter  of minutes". At the same time, he pointed out the microbusiness  online lending system, thanks to which, in a matter of minutes,  borrowers without collateral can apply to the bank and get a loan.  "We naturally continue and expand these programs," said A.Anesyan,  informing that in 2019 Ameriabank intends to launch 2 new online  services, both for the business segment and for individuals.According  to the Financial Rating of Banks of Armenia as of December 31, 2018,  prepared by ArmInfo IC, Ameriabank retains leadership in terms of  basic balance sheet indicators. Thus, the total capital of the bank  reached 89.8 billion drams ($ 185.6 million, with an annual growth of  28.4%), assets - 779.8 billion drams ($ 1.6 billion, an increase of  15.1%), the volume of credit investments -545.8 billion drams ($ 1.1  billion, with an annual growth of 12%). Ameriabank has sharply  intensified retail lending, settling in the TOP-5 with a volume of  102.3 billion drams ($ 211.4 million, with an annual growth of  65.3%). In terms of corporate lending, Ameriabank holds the lead -  440.3 billion drams ($ 910.2 million, with an annual growth of 5.7%).

 The bank leads in the mortgage market and in lending to the  transport and communications sector, and in financing the industrial  sector, the agricultural sector, construction, trade, public catering  and the service sector, SMEs are entrenched in the TOP-3. 2018  Ameriabank completed with a net profit of 10.5 billion drams ($ 21.7  million), with an annual growth of 37.3%. The total regulatory  capital of Ameriabank at this date amounted to 97.8 billion drams ($  202.1 million), an increase of 16.3% over the year.Ameriabank has  been operating in the Armenian market since October 31, 1996. The  shareholders of the bank on January 1, 2019 are the Ameria Group CY  Ltd. - 56.6%, EBRD - 17.8%, Asian Development Bank - 13.98%, ESPS  Holding Limited - 11.62%.