Newsfeed

Vice Speaker of Armenian Parliament: Madrid Principles are not the key element of the Karabakh peace process

US "deeply concerned" on criminal charges against Yunus family

US Department of State: It will take weeks to restore full visa processing capacity

VTB critical of EU's decision to restrict its access to capital markets

Rostelecom launches 40Gbs network in Yerevan

Electric power tariffs rise for population of Armenia on 1 August

Audit Chamber of Armenia calls silly statement claiming that ex-head of Pension Fund 'paid' $250,000 to Audit Chamber's leadership

Orange Foundation helps opening a new computer center in Pemzashen village, Shirak marz

Nominee for U.S. ambassador to Turkey: "Facilitating Armenia's regional integration by opening its border with Turkey will be one of my key goals as Ambassador"

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Russian Embassy in Armenia gives a harsh response to the U.S. Embassy

Participants in Beeline's Fortune drawing campaign awarded prizes

Yerevan-Sevan-Ijevan-Azeri border highway to be open in late August

Armenian FM: Through its destructive stance Azerbaijan hinders the Nagorno-Karabakh peace progress

Up to 45% of Armenian citizens are potential emigrants

US Embassy urges Armenian businessmen to refrain from contacts with Russian companies

A leopard family in the south of Armenia gives birth to two cubs

Two Armenian soldiers die because of the Azerbaijani sabotage attack at the line of contact

Human rights activist Leyla and Arif Yunus are accused of secret collaboration with Armenian special services

Member-churches of World Council of Churches going to recognize Armenian Genocide in 2015

NKR foreign minister: Nagorno-Karabakh is where Europe begins

On Aug 2 South Caucasus Railway's commuter trains will be free of charge all over Armenia

Worker killed by a rock fall at perlite deposit in Aragatsavan

Azeris continue firing at Armenia's borderline villages

Serzh Sargsyan: OSCE Minsk Group has suggested principles that can serve as pivot for settling Nagorno-Karabakh conflict

Paruyr Hayrikyan: Armenia and Ukraine have a common "frenemy" in the person of Russia

Electric Networks of Armenia is going to dispute Public Services Regulatory Commission's decision to impose a 15mln AMD fine on it

Economist: In face of economic sanctions against Russia, it is necessary to speed up the process for creating Eurasian Economic Union

Economist: The West's sanctions against Russia will affect the Armenian economy

Rostelecom launches online payment service

Public Services Regulatory Commission of Armenia imposes a 15mln AMD fine on Electric Networks of Armenia

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Ashot Manuicharyan: Armenian President's function is to answer "yes, sir!" and to go do it

Deputy Prime Minister of Azerbaijan criticizes the ICRC again

Nature protection minister charges to resolve problems of several tailing dumps on Syunik region

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

RPA member: Nagorno-Karabakh Prime Minister's statement had no message to negotiators

Ashot Manucharyan: Armenia may face chaos or isolation at any moment

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

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