Newsfeed

Vacheh Gabrielyan appointed top advisor to prime minister of Armenia

Successful experience of first two Ameria Generation projects of 2012-2013 encourages Ameriabank to launch the third project in 2014

ARFD: Unlike Tigran Sargsyan, Hovik Abrahamyan is ready for concessions

Gagik Tsarukyan: Consultations between political forces and civil sector underway

Oppositionist: Serzh Sargsyan shuts down for Robert Kocharyan the way towards the power

Laura Bagdasaryan: Having proclaimed me Mata Hari, the authorities of Azerbaijan are striving to put the lid on the people's diplomacy

In Q1 2014 Areximbank-Gazprombank Group registers net profit of 289mln AMD

Politician: President of Armenia does not want to fray relations with the West. For this reason, he does not recall his signature from under the Armenian-Turkish Protocols

Robert Kocharyan: Constitution should be reformed only in case if it must not but be reformed

Council of Field Commanders to convene in Republican Square on 23 April

Hraparak newspaper: Galust Sahakyan to head parliament

Robert Kocharyan: Regretfully, Serzh Sargsyan did not perceive the difference between sincere concern over country's fate and exulting over poor performance of the authorities

New parliament speaker and ministers may be named at RPA Executive Body's meeting on 26 April

Armenian President visits Teghut copper and molybdenum mine

Armenian PM: Support of business will be a top priority for us

Well-known French filmmaker Robert Gedikian shoots film about Armenian Genocide

Newspaper: Armenian Government to shortly ease tax burden on SMEs

Newspaper: Prime Minister Hovik Abrahamyan will shortly urge officials and parliamentarians to refuse from salary increase

David Haroutiunyan appointed as Government Chief of Staff

VTB Bank (Armenia) increases corporative crediting almost by 40% in 2013

VTB Bank (Armenia) is the leader on credit portfolio in the banking sector of Armenia

VTB Bank (Armenia) increases car loan portfolio by over 70% due to retail lending facilitation

VTB Bank (Armenia) and MasterCard launch a new card campaign

VTB Bank (Armenia) among top 3 Armenian banks in terms of retail business

"I'm Against" civic initiative refuses to start negotiations with Prime Minister

Hovik Abrahamyan promises to present an acceptable solution to the pension problem before late July

Armenia not to sign agreement to access Customs Union in 29 April in Minsk

European parliamentarian sees no obstacles to signing the political component of the Association Agreement with Armenia

European Parliament condemns attack against Kessab

Regional

Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev

Exclusive

Vahe Hakobyan: Investments must create jobs

Sergey Markedonov: People living in Crimea and Karabakh saw no future for the countries they were attached to

Vahram Avanesyan: It is impossible to achieve serious results by means of standard and framework reforms

Wayne Merry: Situation around Ukraine is a serious alarm that the South Caucasus political nucleus must be seriously revised

Dariusz Prasek: EBRD demands absolute transparency from companies

Sargis Hatspanyan: When it comes to the change of regime in Armenia, the West washes hands of it

Andrey Yepivantsev: Only time may show if we have opened Pandora's box in the Crimea or not

Giorgi Tarkhan-Mouravi: Confrontation around the Crimea will speed up Ukraine's European integration

Ivan Kukhta: Ukraine has received a chance to be totally reset

Vaidotas Verba: Eastern Partnership project is not directed against anybody, it is simply for open opportunities

Vladimir Yevseev: The only way out of the situation in Ukraine for the West is through negotiations with Russia

Edward Sharmazanov: The principle of peoples’ right to self-determination tends to dominate in the world

Gevorg Poghosyan: Armenia is on an explosive-timing device and may explode at any moment

Sergey Grinyayev: Armenia has just to realize its status of an essential partner for Russia

Grigory Tishchenko: Strengthening of Russia’s positions in the South Caucasus will contribute to peaceful settlement of the Nagorno-Karabakh conflict

Artak Shakaryan: Armenia and Diaspora should be ready for Turkey’s imitative policy in the matter of Armenian Genocide recognition

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. 

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