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Ameriabank’s 2010 loan portfolio to amount to AMD 91 billion

YEREVAN, December 21. /ARKA/. Ameriabank CJSC intends to end this year with AMD 91-billion loan portfolio, Artak Hanesyan, director general and chairman of the bank’s directorial board, said Tuesday at a news conference.

“Now the credit portfolio amounts to AMD 88 billion,” he said.

He said that some projects are already approved, and funds are being provided now.

Answering the question ARKA News Agency correspondent put to him, Hanesyan said that corporate loans accounts for 80% of the bank’s credit portfolio.

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. ($1 = AMD 359.23) -0-

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