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By End Of 2009 Ameriabank Intends To Increase Its Credit Portfolio T

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  • By End Of 2009 Ameriabank Intends To Increase Its Credit Portfolio T

    BY END OF 2009 AMERIABANK INTENDS TO INCREASE ITS CREDIT PORTFOLIO TO 55-60 BLN AMD

    ArmInfo
    2009-07-22 17:49:00

    ArmInfo. By end of 2009 Ameriabank intends will increase its credit
    portfolio to 55-60 bln AMD, ensuring 77% annual growth, Development
    Director of Ameriabank Tigran Jrbashyan said, Wednesday, when replying
    to ArmInfo correspondent's question.

    He pointed out that by the end of July the credit porfolio of the
    bank will be increased to 39-40 bln AMD, by the end of June it made
    up 31.6 bln AMD.

    "Today it is difficult to make forecasts, however, we consider
    achievement of these indices quite realistic",- Jrbashyan
    stressed. Focusing on corporate financing, Ameriabank also provides
    loans to small enterprises. If today the share of these loans in the
    total credit portfolio of the banks is 5-10%, by the end of 2009 it
    will be increased to 20-25%, he said.

    To note, Ameriabank CJSC focuses on investment banking and also
    provides the whole spectrum of universal banking services. The
    strategic partner of Ameriabank CJSC is Troika Dialog Group, one of
    the largest investment banking companies in Russia. The majority
    shareholder of Ameriabank is TDA Holdings Limited affiliated with
    the Russian investment company Troika Dialog with 99.7% share of
    participation in the capital.
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