by Gayane Isahakyan
According to the results of the first half of 2014, the growth rates of Ameriabank's indices exceed average market level, Deputy Director General - Financial Director of Ameriabank, Gevorg Tarumyan, said at today's press-conference.
He said that the assets of Ameriabank grew by 9% for the first half of 2014 and amounted 343 billion AMD. This indicator dropped by 0,7% in general in the banking system. The general liabilities of the bank grew by 10% up to 303 billion AMD, while decrease by 0,2% was fixed at the banking market. The liabilities to clients grew by 30%, and amounted to 221 billion AMD, while this indicator grew by 1% in the banking market. "This indicator is very much important to us as an indicator of trust of clients", - Tarumyan said. The volume of the time deposits of the bank grew by 11% for the reported period - up to 75 billion AMD - by 33% more versus the same period of 2013.
Ameriabank has preserved the leadership in the banking system of Armenia by assets, general liabilities and liabilities to clients for the first half of 2014.
The credit exposure of Ameriabank grew by 9% for six months of the current year, and by 1 July reached 192 billion AMD. The bank has occupied the second position by this indicator. The SME credits in the structure of the credit portfolio of the bank grew by 15% - up to 38 billion AMD. "In the first half of 2014 we chose SME and retail crediting as a targeted segment of crediting. Over the reported period the bank registered the growth of the plastic cards", - Tarumyan said.
As for the mortgage credits, they grew by 10%, and auto loan - by 11% for the reported period. The net profit of the bank grew by 3% for the first half of 2014 - up to 2.9 billion AMD, while this indicator dropped by 13,6% in the banking system. The number of clients - legal persons has grown by 10%, and individual persons - by 15% since the beginning of the current year.
Tarumyan said that decrease of the main indices of the banking system is conditioned by the fact that because of worsening of the quality of the credit portfolio, the banks started transferring big funds to reserve possible losses on credits. To activate crediting, the banks mellowed requirements to clients which have negatively reflected several banks.
"Our bank has not changed the parameters of its activity, thanks to which the quality of our credit portfolio is more favorable versus the indices of the banking market", - Tarumyan emphasized.