YEREVAN, January 30. /ARKA/. Ameriabank’s profits more than doubled to 6.2bln drams in 2012 compared to the year before, the bank’s financial director Gevorg Tarumyam told journalists Wednesday.
“If compared to average indicators of the banking system as a whole, we had provided more dynamic growth in relation to practically all parameters. For instance, an approximately 1% decline in profits is recorded in the banking system, whereas Ameriabank’s profits more than doubled compared to the last year”, Tarumyan said. This is the second highest profit in Armenia’s banking system in the period.
The bank’s assets grew by 22% to 245bln drams in 2012 against 2011, which is also above the average level recorded among the banks, according to the financial director.
Ameriabank’s investments in loans rose by 7% (146bln drams) and the liabilities grew by 25% (245bln drams).
“Funds attracted from clients grew by 39%, and it is important to mention that demand liabilities increased by about 48%. This means that new clients see us a convenient bank for effecting transactions”, Tarumyan said.
Time deposits grew by about 35% partly due to special deposit offer “Learn the Value of Money” that attracted a total of around 4bln drams in deposits (about 9% of the overall deposit base) during two and a half months, according to Ameriabank’s financial director.
Ameriabank closed joint stock company is a universal bank offering investment, corporate and retail banking services in a complex solution package. Ameriabank has been the first investment bank in Armenia. It has been providing a wide range of innovative banking services since 2007. ($1=407.75drams). -0-