by Gayane Isahakyan
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.