YEREVAN, September 17. /ARKA/. Ameriabank is planning to build up its corporate portfolio by $70 million or 13% to $520 million in 2015, Gagik Sahakyan, the Ameriabank director in charge of relations with corporate clients, told journalists on Wednesday.
In his words, the bank’s corporate portfolio is expected to amount to $460-470 million in 2014.
It was initially expected to grow 27.5% to $440 million in 2014, he said, but already in September this plan was almost fulfilled, and thanks to this, the bank will be the biggest corporate lender in the third quarter significantly outdoing its rivals.
“It is planned that the bank will reach these indicators thanks to economic growth, a greater involvement of the banking sector in GDP and a stronger competition,” Sahakyan said.
Ameriabank is a universal bank that provides investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. It is the first investment bank in Armenia that has been providing a wide range of innovative banking services since 2007.
The bank’s assets as of July 1, 2014 amounted to 342.7 billion drams (an 8.8% growth from the beginning of the year), its liabilities stood at 302.5 billion drams (up 9.48%) and capital – at 40.2 billion. drams (up 3.9%). The bank earned 2.8 billion drams in profit in the first half (the second largest among local commercial banks). ($ 1 – 408.84 drams). —–0—
