Newsfeed

Former premier of Armenia calls on the government to change methodology of GDP calculation

Parliament member: A draft law has been submitted to the parliament that has nothing in common with residents of the bordering communities

Expert: Deposits with radioactive elements in a scattered state are being developed in Armenia

Parliamentarian: On 2 Jan 2015, Armenia will find itself in quite new economic environment, something that Government is absolutely not ready for

Governor of Armenia's Vayots Dzor Region relieved of his duties upon his own request

Environmentalists to protest against shooting of wolves

Armenian MP: Armenia has crossed the red line of economic security

"Grozniy-Avia" airline to launch Simferopol-Yerevan flight

Beeline launches "Unlimited Internet Super" service

ACBA-CREDIT AGRICOLE BANK opens new branch in Yerevan

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

According to the results of the first half of 2014, growth rates of Ameriabank's indices exceed average market level

  • by Gayane Isahakyan

  • Tuesday, July 22, 19:54

 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.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields