Armenia-based Ameriabank’s assets grow 50% to Amd 366.4 billion in 1st h 2013
01.08.2013,
19:00
Ameriabank’s assets have grown 50% since the beginning of this year to AMD 366.4 billion in late June and its liabilities have grown 57% to AMD 327 billion, the press office of the bank told ARKA News Agency on Thursday.
YEREVAN, August 1. /ARKA/. Ameriabank’s assets have grown 50% since the beginning of this year to AMD 366.4 billion in late June and its liabilities have grown 57% to AMD 327 billion, the press office of the bank told ARKA News Agency on Thursday.
Remarkable is that the bank built up its assets 65% in the first half of this year, compared with the same period of the previous year, and enlarged its liabilities 77%.
According to the press release, Ameriabank’s assets and liabilities were largest in Armenia’s banking system in the 1st H 2013.
The bank’s net profit for Jan-June 2013 amounted to AMD 2.8 billion – 12% year-on-year growth.
Its operational profit amounted to AMD 7.8 billion in the 1st H 2013 – 20% year-on-year growth.
Time deposits of Ameriabank’s individual clients totaled more than 56 billion – 20% growth.
The bank’s new deposit Ameria attracted depositors enlarging the bank’s individual deposit portfolio a great deal.
Ameria deposit, breaking the mould, offered completely new and better deposit formalization methods to clients instead of traditional one.
The loan portfolio of Ameriabank exceeded AMD 156 billion in the 1st H 2013 after growing 11% - 80% of this growth was ensured by lending to corporate clients.
Loans extended to small and medium companies totaled AMD 25 billion – 18% growth.
“The Simple and Swift package specially designed for SME has attracted many entrepreneurs, and therefore, the term of this offer was prolonged to October 1, 2013,” the press release says.
Within this package, AMD 5-to-50-million loans are extended. The loans are extended also in foreign currencies in the amount equal to the mentioned amount. The loan is formalized within two days, and the list of required papers is limited to the minimum.
Borrowers enjoy a number of advantages. In particular, no commission is required, and evaluation of immovable property that secures the loan is carried out at the expense of the bank.
The bank provides VISA/MC Business and/or Gold international credit card to borrowers without additional guarantees.
Ameriabank intends to build up its SME lending portfolio to AMD 33 billion by the end of this year.
Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. ($1- AMD 409.75). ----0-----
