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Net profit of Armenian Ameriabank reaches 500mln AMD in July 2009

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  • Net profit of Armenian Ameriabank reaches 500mln AMD in July 2009

    Net profit of Armenian Ameriabank reaches 500mln AMD in July 2009

    YEREVAN, July 4. /ARKA/. Net profit of Armenian Ameriabank reached
    500mln AMD early this July, Director General of `Ameriabank' CJSC Artak
    Hanesyan told reporters on Friday.

    `The bank operates in the black despite some difficulties caused by
    currency fluctuation in March 2009. However we managed to compensate
    for the loss and come to indicator of net profit,' Hanesyan said.

    According to Hanesyan net profit of Armenian Ameriabank amounted
    113.6mln AMD in the first quarter of 2009, increasing by 110.2% (54mln
    AMD). Pretax profits of the bank totaled 310mln AMD.

    In 2009 the bank forecasts a 30% increase of its indicators.

    The Ameriabank CJSC (former Armimpexbank) was established in July,
    1992, as the Armenian branch of the USSR Vnesheconombank. On September
    8, 1992, the Central Bank of Armenia licensed Armimpexbank.

    In August 2007 the TDA Holding Limited, affiliate of the Russian Troika
    Dialog, became the bank's shareholder. The bank was renamed Ameriabank
    last May. G. S. `0--

    From: Emil Lazarian | Ararat NewsPress
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