Sun, 16 March
8.1 C
Yerevan
USD: 391.74 RUB: 4.57 EUR: 426.88 GEL: 141.28 GBP: 506.99
spot_img

Armenian regulator registers Ameriabank’s new branch

YEREVAN, May 26. /ARKA/. The Central Bank of Armenia has registered Cascade, a new branch of Ameriabank, the central bank’s press office reported on Wednesday.

The Ameriabank CJSC (former Armimpexbank) was founded in July 1992 using the facilities of the Armenian branch of the USSR Vnesheconombank (Foreign Economy Bank). On September 8, 1992, the bank received a banking license from the Central Bank of Armenia.

In August 2007, TDA Holdings limited, affiliated with Troika Dialogue, Russia’s leading investment company, purchased the bank’s shares.

On November 3, 2008, Armenian Stock Exchange got the status of market-maker of IMEX Group’s shares.

According to ARKA News Agency’s data, the bank’s assets totaled AMD 110.5 billion and liabilities AMD 88.2 billion by March 31, 2010.

Its total capital amounted to AMD 22.3 billion and authorized capital AMD 18.2 billion (the biggest authorized capital in Armenia’s banking system) by late March.

Ameriabank’s credit portfolio amounted to AMD 61.4 billion.

Its liabilities to clients totaled AMD 70.8 billion and net profit for the first quarter of this year AMD 533.7 million. ($1=AMD 381.39). -0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img