Ameriabank’s assets increase by 8 % in first quarter to 339 billion drams

Ameriabank’s assets increase by 8 % in first quarter to 339 billion drams

YEREVAN, April 30. / ARKA /. Ameriabank financial director Gevorg Tarumyan told a news conference today that the bank’s assets in the first quarter of 2014 increased by 8 % to 339 billion drams while its total liabilities increased by almost 9 % to 300 billion drams. 

He said both indicators were registered amid the reverse trends in the local banking sector.

He also said the lending saw a 2.5% rise, a higher growth rate when compared with the overall trend in the banking sector, which grew on average by 2 percent.

According to him, the loan portfolio amounted to 181 billion drams with lending to small and medium-sized businesses growing by 9% to 36 billion drams and consumer loans growing by 24%.

Gevorg Tarumyan said also term deposits of individuals in the first quarter increased by more than 9% and by 39% in the last 12 months amounting to 74 billion drams as of March 31.

"All these indicators come to confirm that we are viewed by the population as a credible and reliable bank. This growth is partly due also to revision of our deposit products that we did in mid-201,” he said.

Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of an integrated package of banking solutions. ($ 1 - 413.10 drams). -0 -

17:36 30.04.2014

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