Net profit of Armenia’s Ameriabank amounts to AMD 6,2 billion in 2013

Net profit of Armenia’s Ameriabank amounts to AMD 6,2 billion in 2013

YEREVAN, January 31. /ARKA/. Net profit of Armenia’s Ameriabank amounted to AMD 6,2 billion in 2013, Artak Hanesyan, the bank CEO, said Friday at a news conference summarizing the results of the year. 

The bank's assets grew 25% to AMD 315 billion in 2013, while aggregate assets of Armneia's banks accounted for a 23-percent growth. 

“The bank's total liabilities grew 32.6% to AMD 276 billion against a 24-percent growth of Armenian banks' total liabilities,” Hanesyan said adding that Ameriabank has outdone other banks here as well.

The bank, with its outstanding loan portfolio totaling AMD 176 billion (20.5% growth) and 17% share, was the second biggest lender among Armenian banks in 2013. Lending to small and medium entrepreneurs in Ameriabank's loan portfolio grew 58% to AMD 33 billion. 

«Lending to SMEs and increasing the share of retail loan products in our portfolio is our main goal in the last two or three years,» Hanesyan said. 

He stressed that the bank reached all the indicators it has planned for 2013 – its SME lending grew 58%, while the loan portfolio on large programs grew 10.4%. 

The bank put special emphasis on consumer loans, which grew 65% and credit cards (45% growth). It showed significant growth also in lending clients for other purposes – its mortgage loan portfolio grew 10%, car loans 25% and other loans 21%.   

Hanesyan also said that time deposits at Ameriabank have grown 29% to AMD 108.3 billion.  
Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in a package. Ameriabank is the first investment bank in Armenia. It started providing a wide range of innovative banking services in 2007. -0---

18:01 31.01.2014

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