ArmInfo. The mining industry is a strategic area for Ameriabank. This was stated by Eduard Arakelyan, Head of Sales and Corporate Client Relationships at Ameriabank, during a presentation on "Mining Financing: Opportunities and Challenges from the Bank's Perspective," at the Mining Armenia Forum.
In this regard, he stated that the Bank is ready to continue discussions and cooperation with mining companies.
Considering the sector's impact on the economy in the context of the banks' vision, the specialist noted that the annual foreign exchange inflow from companies in the industry amounts to $1 billion. "This is important in terms of balancing the exchange rate, as Armenia is primarily an importing country, and therefore the exchange rate is of great importance to our economy. This is also important for the bank, given that approximately 20% of foreign exchange inflows come from mining companies," Arakelyan explained.
According to him, Ameriabank places particular importance on cooperation with companies in the industry. In this context, the specialist noted that approximately 20% of the Bank's loan portfolio is allocated to the mining industry.
Arakelyan noted that among 17 Armenian banks, Ameriabank holds a leading position in both retail and corporate lending. Specifically, the Bank accounts for 24% of total corporate lending in the market.
Overall, he noted, the last two to three years have been record-breaking for Armenian banks in terms of recorded indicators.
"Almost all banks have shown growth, and Ameriabank has seen double-digit growth of 20-30% over the past three years. This is crucial in the context of financing large projects. Our loan portfolio has set a historic record during this period, reaching $3.8 billion," Arakelyan emphasized.
Ameriabank is a leading financial technology organization and a key player in the Armenian economy.
Following its digital transformation strategy, the bank introduces and continuously improves unique products, services, and innovative platforms aimed at meeting both financial and non-financial needs. As a rapidly developing fintech company, Ameriabank offers comprehensive solutions to improve quality of life.
