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Ameribank’s lending since 2008 exceeds $2 billion

22.01.2016, 10:53
Ameriabank’s lending since 2008 has exceeded $2 billion, Andrei Mkrtchyan, chairman of the Board of Directors at Ameriabank said Thursday.

Ameribank’s lending since 2008 exceeds $2 billion
YEREVAN, January 22. /ARKA/. Ameriabank’s lending since 2008 has exceeded $2 billion, Andrei Mkrtchyan, chairman of the Board of Directors at Ameriabank said Thursday.

"In 2008 Ameria Group acquired a small bank in Armenia with only $11 million capital and $25 million worth total assets. However, shortly afterwards the bank became a market leader and today it is  the absolute leader in the banking system of the country by all indicators  and one of the largest corporate taxpayers," said Mkrtchyan. 

According to him, the bank's assets today exceed $1 billion, an unprecedented figure for the banking sector of Armenia.

‘Ameriabank is the largest creditor of the Armenian economy now, financing about 30 industries It is also a leader in terms of introducing innovative technology and a distinctive corporate culture and management system, being committed to the principles of corporate social responsibility," said Mkrtchyan.

According to him, the dynamic development was achieved also due to long-term cooperation and partnership with international financial institutions, which have provided it with about $500 million worth financial resources so far.

Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. This is the first investment bank in Armenia, providing a wide range of innovative banking services since 2008.

The bank's assets at the end of 2015 amounted to 515.8 billion drams; its liabilities stood at 456.4 billion drams; the capital was 59.3 billion drams. The bank earned also 4.8 billion drams in profit. ($1 - 485.69 drams).  -0-