Ameriabank enjoys 15% average growth on key indicators in Jan-Sep 2019
21.11.2019,
13:46
Ameriabank has retained its leadership in Armenia’s financial system by reporting a 15 percent average growth in assets, liabilities, capital, net profit and deposits for the first nine months of this year, Ameriabank Retail Transactions Director Arman Barseghyan told journalists on Thursday. “Ameriabank is the flagship bank in the system since 2015 for key indicators, and things remained unchanged also in the third quarter of 2019,” he said.
YEREVAN, November 21. /ARKA/. Ameriabank has retained its leadership in Armenia’s financial system by reporting a 15 percent average growth in assets, liabilities, capital, net profit and deposits for the first nine months of this year, Ameriabank Retail Transactions Director Arman Barseghyan told journalists on Thursday. “Ameriabank is the flagship bank in the system since 2015 for key indicators, and things remained unchanged also in the third quarter of 2019,” he said.
Barseghyan told reporters that by ensuring an average annual growth of 20 percent in the last five years, Ameriabank maintains its leadership on assets, liabilities, capital, net profit and deposits. He pointed out retail SME lending and digital-mode services as the bank’s key focuses. “The number of individual clients has increased over 2019 from 200,000 to 250,000, deposits from retail SMEs have grown from AMD 244 billion to AMD 275 billion, and as a whole, exceed AMD 280 billion at the moment,” Barseghyan said.
Ameriabank’s loan portfolio for individuals has grown 40% over these nine months to more than AMD 160 billion. Its mortgage lending portfolio has grown from AMD 45 billion to AMD 70 billion ensuring leadership at mortgage lending market to the bank.
Ameriabank has also outdone other banks by increasing its car loan portfolio from AMD 2 billion to AMD 3 billion in Jan-Sept 2019. The share of overdue loans at the bank is hardly 2 to 3 percent.
As for consumer lending on digital platform, the portfolio here grew 70% in Jan-Sept 2019 from AMD 14 billion to AMD 24 billion. The share in the costumer loan portfolio is 92%, where the loans provided online made up 62%.
In fact, he said, throughout 18 months since the moment of the launch of this service, the bulk of the lending was carried out via digital online platforms, not in branches.
“Special attention is paid also to the quality of servicing, and this has ensured certain growth as well,” Barseghyan said. He also said that 80% of Ameriabank’s all third-quarter transactions have been carried out by using the digital platform. “The number of internet banking has increased 75% over the quarter, and the number of deals via banking 111%, through terminals 400% and through the virtual payment system 128%,” he said.
Ameriabank’s business lending has grown from AMD 18 billion to AMD 25 billion over nine months, and the total amount of loans extended online has tripled, Barseghyan said. In his words, some 1,000 business loans totaling over AMD 3 billion were provided in Jan-Sept 2019.
Ameriabank CJSC is a universal bank that provides investment, corporate and retail bank services in a package. This is the first investment bank in Armenia that started providing a wide range of innovative banking services in 2007. ($1 – AMD 476.98). -0---
Barseghyan told reporters that by ensuring an average annual growth of 20 percent in the last five years, Ameriabank maintains its leadership on assets, liabilities, capital, net profit and deposits. He pointed out retail SME lending and digital-mode services as the bank’s key focuses. “The number of individual clients has increased over 2019 from 200,000 to 250,000, deposits from retail SMEs have grown from AMD 244 billion to AMD 275 billion, and as a whole, exceed AMD 280 billion at the moment,” Barseghyan said.
Ameriabank’s loan portfolio for individuals has grown 40% over these nine months to more than AMD 160 billion. Its mortgage lending portfolio has grown from AMD 45 billion to AMD 70 billion ensuring leadership at mortgage lending market to the bank.
Ameriabank has also outdone other banks by increasing its car loan portfolio from AMD 2 billion to AMD 3 billion in Jan-Sept 2019. The share of overdue loans at the bank is hardly 2 to 3 percent.
As for consumer lending on digital platform, the portfolio here grew 70% in Jan-Sept 2019 from AMD 14 billion to AMD 24 billion. The share in the costumer loan portfolio is 92%, where the loans provided online made up 62%.
In fact, he said, throughout 18 months since the moment of the launch of this service, the bulk of the lending was carried out via digital online platforms, not in branches.
“Special attention is paid also to the quality of servicing, and this has ensured certain growth as well,” Barseghyan said. He also said that 80% of Ameriabank’s all third-quarter transactions have been carried out by using the digital platform. “The number of internet banking has increased 75% over the quarter, and the number of deals via banking 111%, through terminals 400% and through the virtual payment system 128%,” he said.
Ameriabank’s business lending has grown from AMD 18 billion to AMD 25 billion over nine months, and the total amount of loans extended online has tripled, Barseghyan said. In his words, some 1,000 business loans totaling over AMD 3 billion were provided in Jan-Sept 2019.
Ameriabank CJSC is a universal bank that provides investment, corporate and retail bank services in a package. This is the first investment bank in Armenia that started providing a wide range of innovative banking services in 2007. ($1 – AMD 476.98). -0---
