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Members of Karabakh parliament made a statement to protect Levon Hayrapetyan

"Vallex" Group celebrates Miner's Day

Commandos: Levon Hayrapetyan's arrest is a result of hard work of Azerbaijani and Russian secret services

Ivan Kukhta: The government of Ukraine owns irrefutable evidence of separatists' blame for the crash of the Malaysian Boeing

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

ACBA-CREDIT ACRICOLE BANK and American Express have announced the launch of new card "The ACBA-CREDIT AGRICOLE BANK American Express® Cash Back Card"

No visa regime between Georgia and Armenia

Vahagn Hovnanyan: It is necessary to hold a protest action in front Russia's Embassy in Armenia to support Levon Hayrapetyan

Political expert: Growth of tension at the border is a regular ill-fated expression of complexes by Azerbaijan

James Warlick: The number of incidents and resulting deaths and injuries is also a setback in our efforts to work with parties to find a lasting peace

Lake Sevan is on the verge of environmental disaster

Life of the three persons injured in Kashatagh as a result of a landmine explosion is out of danger

EU welcomes ruling of Turkish Constitutional Court regarding investigation into the 2007 murder of Turkish- Armenian journalist Hrant Dink

Armavir mayor's car explodes in mine-studded territory of Kashatagh

Newspaper: Armenian oligarch's company worked in the shadow

Nagorno-Karabakh Police publish details of the case of Azeri saboteurs

Eastern Partnership countries cannot join European Union within the next 5 years

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RESO Insurance Company compensates for damage under hull insurance in 90.9% of cases

VTB Bank (Armenia) and Visa announce the launch of Summer with VTB campaign

Orange Foundation opens a Youth center in Chinari and a computer center in Zorakan in Tavush region

ICRC Yerevan Office holds negotiations to organize a meeting with Azeris detained in Armenian territory

Hakob Sanasaryan: Armenia has chosen the path of destroying its water resources

ICRC Yerevan Office maintains regular contacts with residents of borderline villages

Areximbank-Gazprombank Group's profit increases by 56.1% and capital grows to 21.9 bln AMD

Levon Ter-Petrosyan: the authorities of Armenia are going to replace the "carrot" of the PAP by the "stick"

Ankara has put forward a plan to form a free trade zone with the Customs Union

Ankara's wish to create free trade zone with Customs Union has a dim prospect for Armenia

Levon Ter-Petrosyan: The delay of Armenia's joining Eurasian Economic Union is conditioned by the demand of the EAEU to set a check point at the border to Nagornyy Karabakh

Levon Ter-Petrosyan: The reaction of the Armenian party at the Azerbaijani invasions is quite guarded and inadequate

Sharmazanov to Ter-Petrosyan: It is unacceptable to speculate the Karabakh issue for the political goals

The Golden Apricot Yerevan 11th International Film Festival has come to its end, the official website reports

Rostelecom services available in the center of Yerevan

RESO Insurance Company compensates for hailstorm-caused damage

Customer of VTB Bank (Armenia) wins a Peugeot 107 AT under a joint campaign with MasterCard

1005 residents of Nagorno-Karabakh sign an address on immediate release of Armenian businessman Levon Hayrapetyan

Ardshininvestbank cuts lombard credit and Nur Card Express rates

Nagorno-Karabakh Prosecutor General's Office: Smbat Tsakanyan was kidnapped and killed by Azeri saboteurs

Beeline and NURCARD launch new postpaid tariff plans

ACBA-Credit Agricole Bank's terminals switch to round-the-clock regime

Preparliament: Verdict against Volodya Avetisyan is the authorities' cynical gauntlet thrown against the Armenian society

Suren Babayan intends to shoot a new trilogy

Armen Martirosyan: Levon Hayrapetyan's arrest has either Azerbaijani or Armenian trace

Raffi Hovannisian: Arrest of Levon Hayrapetyan is politically motivated

Air Armenia leases Airbus 320

On July 20 Air Armenia will start flying to Moscow three times a day

Ivan Volynkin: Russia is not instigating anybody in Nagorno- Karabakh conflict

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

After arrest Levon Hayrapetyan's health condition has got worse

Ameriabank takes the lead in a number of indices at yearend 2013

  • by Gayane Isahakyan

  • Saturday, February 1, 12:18

 At the yearend 2013 Ameriabank took the lead in a number of financial indices. Artak Hanesyan, Chairman of the Management Board-Director General of Ameriabank CJSC, said at a press conference on Friday that the Bank was in the lead in assets. Over 2013 Ameriabank's assets grew by 29% to 315 bln AMD. For comparison, Hanesyan said that the total assets of the whole banking system of Armenia were up 23%. 

Hanesyan pointed out that Ameriabank also took the lead in total liabilities, having increased them by 32.6% to 276.2 bln AMD, whereas the aggregate total liabilities of the Armenian banking system grew by 24%. Payables to the customers grew by 35% to 170 bln AMD. In 2013 the Bank's call deposits were up 46% to 61.6 bln AMD, and time deposits were up 29% to 108.3 bln AMD (personal deposits grew by 45% to 68 bln AMD). The growth in the deposits was mostly secured due to the Ameria-deposit. 

In the meantime, Ameriabank was the second in terms of lending. In 2013, Ameriabank's loan book increased by 20.5% to 176 bln AMD against the 17% rise in the whole banking system. By late 2013 the share of SME lending made up 19.4% (58% y-o-y rise to 33.7 bln AMD). The large corporate loans grew by 10% to 106.1 bln AMD. "The Bank's key goal over the past few years was to improve the conditions and extend the range of micro, small and medium-sized lending", he stressed.

As regards retail lending, in 2013 the Bank focused on consumer lending and provision of card loans. In 2013 the consumer lending of the Bank grew by 65% to 1.2 bln AMD, and the portfolio of card loans rose by 45% to 10.4 bln AMD. The Bank's mortgage lending increased by 10% to 10.3 bln AMD, and the portfolio of car loans rose by 25% to 3.4 bln AMD.
At the yearend 2013, Ameriabank's net profit amounted to 6.2 bln AMD (3rd position, 2% y-o-y growth), 13% of the aggregate net profit of the banking system. 
Hanesyan recalled that Corporate INTL Magazine (UK) honored Ameriabank as the best Armenian bank in factoring. In 2013, the Bank's factoring operations made up 47.3% of the market and secured the Bank's leading position in the Armenian banking market. In 2013 Ameriabank also became the first Armenian bank to be awarded a confirming bank status under the EBRD's Trade Facilitation Programme. In 2013 The Banker (UK) declared Ameriabank as the Bank of the Year.  

In 2013 the Bank promoted its cooperation with international financial organizations, having concluded loan agreements worth a total of $42 mln, particularly, with the EBRD ($12 mln), PROPARCO Development Financial Institution ($15 mln), Development Bank of Austria (OeEB) ($15 mln). As of late 2013, the portfolio of international loans totaled $273 mln. These programs are mostly aimed at supporting the SMEs, financing energy efficiency projects and renewable energy projects. 

As of 1 January 2014, the total capital of Ameriabank amounted to 38.8 bln AMD (5.5% y-o-y rise), while the authorized capital remained unchanged (25.4 bln AMD). The Bank holds the 4th position by its total capital and the 2nd position by its authorized capital. In 2013 the Bank increased the revaluation reserve almost 10-fold to 417.5 mln AMD and the accumulated profit - by 14.7% to 12.9 bln AMD (5th position in the market). Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameria Group CY Ltd. has been the majority shareholder of the Bank (with a 99.99% stake) since November 2011. 

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