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Ameriabank Loan Portfolio Exceeds AMD 52 Billion

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  • Ameriabank Loan Portfolio Exceeds AMD 52 Billion

    AMERIABANK LOAN PORTFOLIO EXCEEDS AMD 52 BILLION

    PanARMENIAN.Net
    18.01.2010 14:24 GMT+04:00

    /PanARMENIAN.Net/ The loan portfolio of Ameriabank as of December 31,
    2009, went beyond AMD 52 bln having experienced a 68% increase over
    the level recorded at the beginning of the year, the bank said in a
    press release.

    The loan portfolio growth is not the only indicator of the efficient
    lending spree. Committed to its client-focused policy to disclose
    the clients' needs and find tailored solutions, the Bank developed
    regular activities targeted at the correct assessment of the potential
    borrowers' capacities and establishment of comprehensive cooperation
    relationship with the existing borrowers. Thanks to these efforts the
    Bank came up with a loan portfolio of high quality as of December 31,
    2009 without any loss loans and NPL comprising 0.17 % only of the
    total loan portfolio.

    According to the results of the reporting year 89 % of the Bank's
    loan portfolio growth was sustained by the corporate lending. Loans
    to corporates recorded 75 % increase during the year totalling AMD
    44 bln or 84 % of the total loan portfolio.

    Although it adopted a corporate and investment profile of its activity,
    Ameriabank also focuses on the lending to individuals, namely, staff
    of its corporate clients, offering a wide range of loan products
    which triggered 35 % increase in loans to individuals during the year.

    Ameriabank CJSC is am investment bank offering various package
    services. Being a strategic partner of Moscow-based Troika Dialog
    since August 2007, the bank has two branches in Yerevan, one in
    Kajaran and one in the Nagorno Karabakh Republic.
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