HERE AND BEYOND
Ameriabank strengthens its position of a leader in the Republic of Armenia banking system
Media Room

Ameriabank continues to strengthen its position of a leader in the Republic of Armenia Banking system. During H1 2013 assets of the bank grew by over 50% totaling AMD 366,4 billion and liabilities grew by 57% totaling over AMD 327 billion. So, Y-o-Y growth of assets comprised 65% and that of liabilities about 77%. According to H1 2013 results Ameriabank is on theleader by its assets and liabilities in the Republic of Armenia banking system.

According to H1 2013 results net profit of the bank totaled AMD 2,8 billion which exceeds the figure for the same period of the previous year by 12%. The bank’s net operating income during the reporting period was AMD 7,8 billion which exceeds the figure for the same period of the previous year by 20%. Income generated from commissions and other fees grew by 33%.

Time deposits of individuals during H1 2013 experienced about 20% growth totaling over AMD 56 billion.

Introduced on May 1, 2013, Ameriabank’s new unprecedented offer of “Ameria” deposit became very popular among depositors, thus contributing to considerable growth of Ameriabank’s individual client deposits’ portfolio. This unique product enables depositors to cast aside traditional depositing methods and build the deposit on the terms and conditions most preferable for them.

During H1 2013 loan portfolio of the bank grew by around 11% totaling over AMD 156 billion. 80% of the growth was due to increase of corporate clients’ loans. SME loan portfolio experienced over 18% growth totaling AMD 25 billion. Due to great interest of SMEs in ‘Fast and Simple’ loan package, the term of the campaign was prolonged till October 1, 2013. The ‘Fast and Simple’ package envisaged for SMEs enables to receive financing within AMD 5 million to AMD 50 million range. Application handling period is only 2 days with minimum documents required. The package has a number of advantages, including free loan servicing, insurance and appraisal of pledged real estate at the bank’s expense, provision of VISA/MC Business and/or Gold international credit cards with no additional pledge required.

The bank plans to increase the SME portfolio volume to up to AMD 33 billion by the end of the year.

 

Updated 20.01.2014, 16:36
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