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Despite the market tendencies, Ameriabank increases assets and liabilities by the results of the 1Q 2014

  • by Elita Babayan

  • Saturday, May 3, 10:06

According to the results of the 1Q 2014, Ameriabank increased assets by 8% up to 340 billion AMD, and liabilities - by 9% up to 300 billion AMD, Financial Director of Ameriabank, Gevorg Tarumyan, said at today's press-conference. 

Meanwhile, according to the Financial Rating of Armenian Banks prepared by Arminfo, for the 1Q 2014 the banking system of Armenia fixed falling of assets by 0,2% and liabilities - by 0,8%. Mr. Tarumyan said that Ameriabank is the first in the banking system of Armenia by the size of assets and by general liabilities. 

The share of the credit investments in the structure of assets was 53% or 181 billion AMD by the results of the 1Q 2014. 
In the structure of general liabilities of the bank against individual persons (deposits to individual persons) grew by 25%, and as of 1 April 2014, amounted to 212 billion AMD (the first position in the banking system). The time deposits of individual persons  grew by 9% for the 1Q and by 40% versus the 1Q 2013 - up to 74 billion AMD. 

The bank completed the 1Q 2014 with a profit 1,4 billion AMD - growth by 2% versus 1Q 2013 and falling by 6% for the 1Q. The retained profit of the entire banking system dropped almost by one third for the reported period. 

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