Sun, 19 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Ameriabank’s total assets surge to 222 billion drams

YEREVAN, July 20. /ARKA/. The total assets of Ameriabank surged to 222 billion drams at the end of the second quarter of this year from 200.9 billion drams from a year earlier, Tigran Jrbashyan, Ameriabank marketing director, told a news conference today. He said in terms of assets size Ameriabank is the second largest bank in Armenia.

On his side, Gevork Tarumyan, Ameriabank’s financial director, said revenue growth over the last 12 months amounted to 58%. In particular, the bank’s profit in January-June 2012 reached about 2.5 billion drams, up from 1.6 billion drams from a year earlier.

Tarumyan said in terms of basic indicators Ameriabank is among three local largest banks.
According to him, the bank’s outstanding credit portfolio in the first six months of this year rose by 13%; and compared from a year before they soared by 32%. In the first half of this year, the aggregate amount of loans and borrowings amounted to about 152 billion drams from 134 billion drams in the first half of 2011.

Tarumyan said also individual savings deposits saw a 27 percent rise over the last 12 months and by 15% over the first six months of 2012 to a total of 105 billion drams, up from 91.3 billion drams in the first six months of last year.

Ameriabank is a universal bank that provides investment, corporate and retail banking services. ($1 – 411.89 drams). -0 –

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img