Armenian Ameriabank doubles profit in third quarter
YEREVAN, October 30. /ARKA/. Armenian Ameriabank profits in the third quarter of 2013 amounted to 4.7 billion drams, Ameriabank corporate clients’ director Gagik Sahakyan told a news conference today. According to him, the company's profit before tax amounted to 5.7 billion drams against 5.8 billion drams in the third quarter of 2012.
Sahakyan said in the first nine months Ameriabank was the market leader in terms of assets size (296.6 billion drams) and liabilities (257.6 billion drams).
By size of capital (38.9 billion drams) and liabilities to customers (159.7 billion drams) the bank was second, he said.
He said also the bank has doubled its portfolio of lending to small and medium-sized businesses to $73.3 million at the end of the third quarter from the same time span of 2012.
He said the bank issued a total of 260 loans to small and medium-sized companies worth $64 million. He added that lending to this segment is expected to grow to $80 million before the end of the year.
The lending to large businesses did not change from the year before standing at $157.5 million, but the figure is supposed to double by the end of the year, Sahakyan said.
Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions . ($ 1 - 405.30 drams). -0 -