Saturday, April 13 2019 13:39
Karina Melikyan

Ameriabank financed economy of Armenia for 2007-2018 with more than $  4.5 billion (video)

Ameriabank financed economy of Armenia for 2007-2018 with more than $  4.5 billion (video)

ArmInfo.Ameriabank placed loans for more than $ 4.5 billion in the economy of Armenia for 2007-2018. Of this amount, $ 674 million accounted for financing of SMEs. As the press service of the bank told ArmInfo, in total the average y-o-y  growth in lending to the economy amounted to 39.5%, while the SME  sector in particular - 41%. During this period, over 1.2 billion  drams were directed to export financing by the bank.  The share of  Ameriabank loans in Armenia's GDP grew from 2007-2018 from 0.18% to  5.07%.

In the 10 years under review, Ameriabank has financed over 250 new  projects in the amount exceeding $ 1.5 billion. This has enabled the  creation of 10 thousand jobs. In particular, $ 175 million was  provided for the construction of 75 renewable energy power plants, $  150 million - for the creation of greenhouses. In addition, 50  export-oriented manufacturing companies were financed, and more than  100 other projects.  The volume of funds attracted by Ameriabank for  2007-2018 amounted to $ 1 billion, in particular, loans from the  international financial institutions for $ 220 million were  attracted.

Ameriabank is no less active in retail lending. The share of the bank  in total retail loans of the market grew in 2007-2018 from 0.09% to  9.29%.

The branch network of Ameriabank has 18 divisions, of which 11 are  located in Yerevan and 7 in the regions of Armenia.  The number of  regional customers of Ameriabank reaches 22 thousand. In the regions  of Armenia, the bank provided over the past 10 years corporate loans  for $ 900 million and retail loans for $ 100 million.

According to the Financial Rating of Banks of  Armenia, as of January  1, 2019, prepared by ArmInfo IC, Ameriabank increased its assets for  2018 by 15%, credit investments - by 12%,  maintaining the leadership  by the absolute value of these  indicators. In corporate lending, the  1st position was also entrenched for Ameriabank, with an increase in  the volume of 2018 by 5.7%. But in terms of retail lending, the y-o-y  growth was much higher - 65.3%, with a rise in volume to the 4th  position, which indicates the bank's intentions to become a leader  here.

The bank is one of the leaders in lending to the industrial sector  (including the energy complex), agriculture, the construction sector,  trade, transport and communications, catering and services, mortgage  lending. Bank is also a leader in lending to SMEs. But the main  concentration of credit investments of the bank falls on the  industrial sector and trade. The net profit of the bank increased in  2018 by 37.3%. Ameriabank retains lead on demand liabilities - $  429.5 million, taking the 3rd position on term deposits - $ 395.4  million. On deposits of individuals (term and demand), Ameriabank  occupies the 2nd position - $ 403 million (with an annual growth of  7.8%). By total liabilities, Ameriabank holds the lead - 690 billion  drams ($ 1.5 billion, with an annual growth of 13.5%). In the  structure of the bank's liabilities, the share of funds raised from  international financial institutions accounts for about 30% or 205.4  billion drams ($ 424.5 million, with an annual growth of 20%) - this  indicator also holds the lead.

To recall, Ameriabank is a universal bank providing 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. Ameriabank has a branch  network of 16 divisions, of which 10 are located in Yerevan and 6 are  regional As of January 1, 2019, the shareholders of Ameribank are:  Ameria Group CY Ltd. - 56.6%, EBRD - 17.8%, Asian Development Bank  (ADB) - 13.98% and ESPS Holding Limited - 11.62%. The Bank annually  is awarded distinctive awards from Euromoney, Global Finance, The  Banker / FT, from Commerzbank. Ameriabank is the only organization in  Armenia that has credit ratings of three agencies: S & P (B +, with  "Stable" outlook), Moody's (B1, with "Positive" outlook) and Fitch (B  +, with outlook "Stable"). 

 

POST A COMMENT
Input digits     


News
AraratBank Named Large CSR Company of the YearAraratBank Named Large CSR Company of the Year
Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement 
1% idcoin instead of New Year’s suffering: practical tips1% idcoin instead of New Year’s suffering: practical tips
Armenia prefers Russian sugar to Brazilian Armenia prefers Russian sugar to Brazilian 
Almost 850 Armenian trucks in queue at Upper Lars checkpointAlmost 850 Armenian trucks in queue at Upper Lars checkpoint
Yerevan needs waste processing plant - mayor Yerevan needs waste processing plant - mayor 
Investment project for construction of 4th section of Yerevan`s  Circular Boulevardy to submitted to governmentInvestment project for construction of 4th section of Yerevan`s Circular Boulevardy to submitted to government
Energy sector one of major economic branches of Armenia - ministerEnergy sector one of major economic branches of Armenia - minister
Russian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commissionRussian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commission
USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20
Idram Junior Donated Books to SchoolsIdram Junior Donated Books to Schools
"Gray deals" involving gold and diamonds seen in private transfers
Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024
Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%
Team Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock ExchangeTeam Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock Exchange
 EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance  EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance 
Are all funds protected in Russian banks?Are all funds protected in Russian banks?
Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker 
Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market 
RA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governanceRA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governance
Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM 
Big Christmas Market with Idram, IDBank and idplusBig Christmas Market with Idram, IDBank and idplus
Armenia implements 10 investment projects in Eurasian region - EDBArmenia implements 10 investment projects in Eurasian region - EDB
Armenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum CombineArmenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum Combine
Armenia, Japan to sign convention abolishing double taxationArmenia, Japan to sign convention abolishing double taxation
EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies 
Armenia, Hungary to sign economic cooperation agreementArmenia, Hungary to sign economic cooperation agreement
ZCMC paid AMD 33.249bln to Armenia`s state budgetZCMC paid AMD 33.249bln to Armenia`s state budget
Interregional cooperation high on agenda of Armenian-Russian  intergovernmental commissionInterregional cooperation high on agenda of Armenian-Russian  intergovernmental commission
Deputy Minister of High-Tech Industry, ITU Regional Director discuss  future cooperationDeputy Minister of High-Tech Industry, ITU Regional Director discuss  future cooperation
IMF Board completed the 4th review under the SBA with Armenia,  providing the country with access to SDR $24.12 millionIMF Board completed the 4th review under the SBA with Armenia,  providing the country with access to SDR $24.12 million
Armenia, Iran discuss tourism cooperation prospects Armenia, Iran discuss tourism cooperation prospects 
Armenia facing serious demographic challenge - Tigran JrbashyanArmenia facing serious demographic challenge - Tigran Jrbashyan
Lars open for cars Lars open for cars 
The Best Gifts for New Year for Your Loved OnesThe Best Gifts for New Year for Your Loved Ones
Conflict of interests between West and Russian to harm Armenian  nuclear energy - opinion Conflict of interests between West and Russian to harm Armenian  nuclear energy - opinion 
Laws designed to develop Armenia`s technological sector - minister Laws designed to develop Armenia`s technological sector - minister 
Development of nuclear diplomacy for Armenia is a strategic task -  expert Development of nuclear diplomacy for Armenia is a strategic task -  expert 
Converse Bank included in the list of Confirming banks of the EBRD  TFPConverse Bank included in the list of Confirming banks of the EBRD  TFP
Armenian Stock Exchange conducts first-ever government bond switch  actionArmenian Stock Exchange conducts first-ever government bond switch  action
IDBank, Idram, and idplus at the Big Christmas MarketIDBank, Idram, and idplus at the Big Christmas Market
Armenian-Russian Intergovernmental Commission meeting to take place  in MoscowArmenian-Russian Intergovernmental Commission meeting to take place  in Moscow
Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE BoardConverse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board
IFC anchors Armenia`s first sustainability-linked bondsIFC anchors Armenia`s first sustainability-linked bonds
Armenia`s Minister of Economy calls on Greek businesses to make use  of the benefits offered by the countryArmenia`s Minister of Economy calls on Greek businesses to make use  of the benefits offered by the country
Andrew Turner seeking ways to enhance trade relations between Canada  and ArmeniaAndrew Turner seeking ways to enhance trade relations between Canada  and Armenia
Greece interested in stregthening cooperation with Armenia -  Konstantinos Fragkogiannis Greece interested in stregthening cooperation with Armenia -  Konstantinos Fragkogiannis 
Russia leader in Belarussia, Armenia trade Russia leader in Belarussia, Armenia trade 
Armenian, Georgian railroaders coordinate plans for 2025Armenian, Georgian railroaders coordinate plans for 2025
Converse Bank has been included in the list of Confirming Banks of the EBRD TFPConverse Bank has been included in the list of Confirming Banks of the EBRD TFP
Yerevan   to host Armenian-Greek Intergovernmental Commission meeting Yerevan   to host Armenian-Greek Intergovernmental Commission meeting 
Expert: SMR technologies are still futuristicExpert: SMR technologies are still futuristic
RA NA Member: Thanks to EAEU, Armenia experienced significant GDP  growthRA NA Member: Thanks to EAEU, Armenia experienced significant GDP  growth
Armenia, Iran discuss potential for launching joint jewelry  productionArmenia, Iran discuss potential for launching joint jewelry  production
Lifting embargo by Ankara, Baku could mean loss of Armenian economy,  statehood - economist Lifting embargo by Ankara, Baku could mean loss of Armenian economy,  statehood - economist 
Armenia`s economy minister presents assistance programmes for  slaughterhouses Armenia`s economy minister presents assistance programmes for  slaughterhouses 
Armenia`s premier on objective of turnover tax revision Armenia`s premier on objective of turnover tax revision 
Slowly but steadily we are making progress: Health Minister  Slowly but steadily we are making progress: Health Minister  
Lars open for light vehiclesLars open for light vehicles
Armenian interbank foreign exchange  market increased significantly,  while ruble transactions decreasedArmenian interbank foreign exchange  market increased significantly,  while ruble transactions decreased
Read more
Exchange rates
23.12.2024
RUB3.930.08
USD395.580.53
EUR411.090.63
GBP496.332.24
CAD274.730.07
JPY25.230.03
CNY54.190.06
CHF441.50-0.04