Ameriabank is confidently strengthening its positions among the leading banks
of Armenia.
In Jan-Sept 2014, the Bank considerably outstripped the country's banking system
by the growth rates of its main indices. In some indices the Bank even
contravened the negative trends of the market.
During the Oct 29 press conference, Gevorg
Tarumyan, Deputy General Director, CFO at Ameriabank, said that as compared
with early 2014 the Bank increased its assets by 6% to 334 bln AMD, while the
banking system experienced 0.6% growth in this index. Ameriabank has retained
leadership in assets.
The Bank is also in the lead in total
liabilities, which grew by 6.1% in Jan-Sept 2014 and amounted to 293.2 billion
AMD. In the structure of liabilities, the payables to the customers grew by
21.4% to 206.3 billion AMD (first rank). In Jan-Sept 2014, the Bank also
increased the time deposits of individuals by 12.2% to 76 billion AMD. Meanwhile,
the banking system experienced 0.5% decline in total liabilities and 0.6%
decline in payables to the customers.
In the meantime, the bank's loan book,
including leasing and factoring deals, grew by 19% to 209.6bln AMD (2nd rank
among Armenia's
banks) against 6.4% growth in the loan book of all Armenian banks. The share of
corporate loans grew by 21.8% to 170.5bln AMD (1st rank). SMEs were lent
45.5bln AMD or 35.7% more than a year before.
"Ameriabank continues to successfully
implement its strategy of a universal bank and to actively develop its retail
business. Over the last two years we have made significant achievements in
retail lending. As compared with the beginning of this year our consumer loans
have redoubled to 2.5bln AMD, mortgage loans grew by 23.3% to 12.5bln AMD and
car loans grew by 13.3% to 3.8bln AMD," Tarumyan said.
In Jan-Sept 2014 the bank's net profit made up
5.1bln AMD or 18% of the net profit of all Armenian banks. This index
registered a 11.2% growth as compared with Jan-Sept 2013 and almost redoubled
in Q3 2014. During the same period the net profit of the banking sector dropped
by 20.1%.
In Jan-Sept 2014 Ameriabank enlarged its
clientele by 16%.
Tarumyan said that in Oct 2014 the bank
borrowed a $20mln convertible subordinated loan from the Dutch FMO and is
planning to increase its capital by the end of this year.
Ameriabank is a universal bank providing a
complex package of investment, corporate and retail banking services. The sole
owner of the bank is Ameria Group CY Ltd.