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Ameriabank Plans Up To 25% Asset Growth In 2010

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  • Ameriabank Plans Up To 25% Asset Growth In 2010

    AMERIABANK PLANS UP TO 25% ASSET GROWTH IN 2010

    PanARMENIAN.Net
    26.01.2010 16:15 GMT+04:00

    /PanARMENIAN.Net/ In 2010, Ameriabank has planned up to 25% asset
    growth, 30% loan portfolio volume and 10% capital increase.

    "Capital increase will be conditioned by current income index,
    forecasted to comprise AMD 2 billion," Ameriabank director general
    Artak Anesyan told a news conference in Yerevan.

    At the same time, he added that in 2010, the bank will keep the level
    of non performing assets in total loan portfolio at 1% -2%. As of
    December 31, 2009 NPL comprised 0.17 % of the total loan portfolio.

    Ameriabank subsidiary chain expansion is scheduled in 2010. New
    subsidiaries will be opened in Dilijan, Vanadzor or Gyumri, as well as
    in the centre of Yerevan. "The subsidiary will be servicing physical
    persons. An increase in physical person's number among bank's clients
    was observed in 2009, and we expect similar growth rate this year,"
    Artak Anesyan noted.

    In 2009, Ameriabank launched subsidiaries in Yervan, Karabakh and
    Kajaran.

    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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