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Net profit of Armenian Ameriabank grows by 110.2% to 113.6mln drams in Q1 2009

20.04.2009, 22:38
Net profit of Armenian Ameriabank totaled 113.6mln Drams in the first quarter of 2009 – an increase of 110.2% (54mln Drams) against the beginning of the year, General Director of Ameriabank closed joint stock company Artak Anesyan told journalists.
YEREVAN, April 20. /ARKA/. Net profit of Armenian Ameriabank totaled 113.6mln Drams in the first quarter of 2009 – an increase of 110.2% (54mln Drams) against the beginning of the year, General Director of Ameriabank closed joint stock company Artak Anesyan told journalists.

The bank’s profit before tax was 310mln Drams, he said. Ameriabank closed joint stock company is an investment bank offering corporate, investments and limited retail services. Ruben Vardanyan is the Chairman of the bank’s Board of Directors and Artak Anesyan is the Chairman of Directorate and the General Director.

Troyka Dialog, one of the biggest Russian investment-banking companies, is a strategic partner of Ameriabank.

The bank’s assets grew by 65.1% up to 80.9bln Drams in the first quarter of 2009, which is a 3.8-time increase as compared with the same period of last year.

The bank’s liabilities were 60.4bln Drams in the first quarter of 2009 and total capital was 20.51bln Drams. Authorized stock totaled 18.2bln Drams by the end of the first quarter. The bank’s credit investments were 32.8bln Drams in the period with liabilities to clients totaling 53.8bln Drams. ($1=372.84Drams). --0--