Ameriabank’s net profit soars by 53.6 percent in 9 months
24.10.2017,
16:35
Ameriabank saw its net profit to soar by 53.6% in the first 9 months of 2017 to 5.4 billion drams, Ameriabank Retail Operations Director Arman Barseghyan told journalists on Tuesday.
YEREVAN, October 24. /ARKA/. Ameriabank saw its net profit to soar by 53.6% in the first 9 months of 2017 to 5.4 billion drams, Ameriabank Retail Operations Director Arman Barseghyan told journalists on Tuesday. According to him, the bank is the leader in the local market in a number of key indicators. In particular, it is second in terms of net profit.
Barseghyan said the bank's assets in the first 9 months amounted to 667.3 billion drams (16% of the total banking sector), its liabilities stand at 598.8 billion drams (17%), the liabilities to customers are worth 395.7 billion drams (16%), and its credit investments amounted to 422.6 billion drams (17%).
"We closed the third quarter with good indicators, having preserved our leading positions in the market. The same is true for the lending to SMEs and individuals. Our credit portfolios are growing and we plan to intensify the pace in the fourth quarter, for which we have developed special offers which in turn will contribute to economic growth," Barseghyan said.
According to him, the bank has planned to increase the target lending to the retail business by 10 billion drams by the end of the year, which is about 15-16 billion drams in additional loan funds. He said Ameriabank expects its yearend loan portfolio for retail business to exceed 70 billion drams. As for the net profit, according to Barseghyan, the bank registered a significant growth and plans to keep the pace until the end of the year.
He said the growth was achieved by improving the quality of the loan portfolio and tightened control over costs and management.
‘After the devaluation of 2014, the economic situation is stabilizing, the economy is entering the recovery stage, which also reflects positively on our performance," Barseghyan said.
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. -0-
Barseghyan said the bank's assets in the first 9 months amounted to 667.3 billion drams (16% of the total banking sector), its liabilities stand at 598.8 billion drams (17%), the liabilities to customers are worth 395.7 billion drams (16%), and its credit investments amounted to 422.6 billion drams (17%).
"We closed the third quarter with good indicators, having preserved our leading positions in the market. The same is true for the lending to SMEs and individuals. Our credit portfolios are growing and we plan to intensify the pace in the fourth quarter, for which we have developed special offers which in turn will contribute to economic growth," Barseghyan said.
According to him, the bank has planned to increase the target lending to the retail business by 10 billion drams by the end of the year, which is about 15-16 billion drams in additional loan funds. He said Ameriabank expects its yearend loan portfolio for retail business to exceed 70 billion drams. As for the net profit, according to Barseghyan, the bank registered a significant growth and plans to keep the pace until the end of the year.
He said the growth was achieved by improving the quality of the loan portfolio and tightened control over costs and management.
‘After the devaluation of 2014, the economic situation is stabilizing, the economy is entering the recovery stage, which also reflects positively on our performance," Barseghyan said.
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. -0-
