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Ameriabank's Time Deposit Volume Grew By 39.9% In The First Quarter

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  • Ameriabank's Time Deposit Volume Grew By 39.9% In The First Quarter

    AMERIABANK'S TIME DEPOSIT VOLUME GREW BY 39.9% IN THE FIRST QUARTER OF 2009

    PanARMENIAN.Net
    07.04.2009 16:35 GMT+04:00

    /PanARMENIAN.Net/ Ameriabank 's time deposit volume grew by 39.9%
    in the first quarter of 2009, exceeding 2008 results 5.7 times.

    Legal persons' deposits, comprising 79.4% of total bank's deposits,
    increased by 26.2 % within the first quarter of 2009, exceeding 2008
    results 5.9 times.

    In December 2008 Ameriabank initiated full insurance policy
    for physical persons' deposits, regardless of sum and currency
    deposited. This step ensued in increased volumes for physical persons'
    deposits, which grew by 141.1% within the first quarter of 2009,
    exceeding 2008 results 5.2 times.

    Ameriabank's time deposit volume totaled AMD 22.2 billion as of
    Mar. 31, 2009.

    Ameriabank CJSC is a corporative investment bank, providing
    corporative, investment and limited retail banking services. Troika
    Dialog, major investment company in Russia, is the strategic partner
    of Ameriabank CJSC.
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