Ameriabank retains leading position in terms of key figures

• Saturday, July 21, 17:35

Ameriabank's net profit for the first half of 2012 totaled 2.5 billion drams, with a 58% growth versus the same period of 2011. Ameriabank Development Director Tigran Jrbashyan told media, Friday, that the bank went up 4 positions by this indicator to the 2nd position in the banking system of Armenia.

The bank has retained the 2nd position also in terms of credit exposures that grew 13% for the first half of 2012 to 151.8 billion drams as of July 1 2012. This indicator grew 32% versus the first half of 2011.  Financial leasing grew 85.7% to 3.4 billion drams.

"Portfolio of SME finance has grown significantly, for the bank considers financing of the given sector a priority. In particular, the bank increased financing of small enterprises almost twofold and that of mid- sized enterprises - 77.4%. The bank is expected to double the portfolio of SME finance in the current year," Jrbashyan said. He highlighted the good trade finance indicators of the bank for the first half of 2011, specifically in export-import operations.
Trade finance portfolio of the bank totaled nearly $60 million.

Commenting on ArmInfo's question, Jrbashyan said that in the current year the bank will focus on financing of export-oriented enterprises, trade and energy sectors.  The bank has retained the 2nd position also in terms of the portfolio of deposits that grew 15% for the first half of 2012 and 27% versus the same period of 2011 to 104.9 billion drams.  This indicator grew following 47% growth of corporate time deposits and 27% growth of personal time deposits. Corporate call liabilities of the bank grew 18% and personal call liabilities - 21%.

"Ameribank retained leadership positions for the first half of 2012 in terms of the key figures.  We managed to meet the target as we had a task to ensure the necessary growth rates to keep the bank on the leadership positions in the market," Jrbashyan said.

The bank has retained the 2nd position also in terms of assets - 222 billion drams with a 25% growth versus the first half of 2011 and 10% for the first half of 2012, and 12% growth for Q2 2012. General incomes of the bank totaled 11.5 billion drams, with 81.7% of 9.4 billion drams being interest incomes (up 30% versus first half of 2011). General expenditures totaled 8.4 billion drams, with 50% or 4.2 billion drams being interest expenses (up 27% amid 32% growth of non-interest incomes). As a result, balance profit of Ameriabank totaled 3.2 billion drams, with a 58% growth versus the first half of 2011. The bank occupies the 2nd position in the system in terms of total capital (36.6 billion drams, up 5.4%) and statutory capital (25.5 billion drams). General obligations of the bank grew 11.5% to 185.2 billion drams. 

Ameriabank CJSC is a universal bank providing a full package of banking services. In November 2011 America Group became the majority shareholder of the bank with 99.99% of shares.  The bank has 9 branches, including 5 in Yerevan and by 1 in NKR, Kajaran, Dilijan and Vanadzor. The bank serves 88 ATMs, with 66 being in Yerevan, 18 n the regions and 4 in NKR.