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Ameriabank Leasing Portfolio Up 85% To $8.7 Million For Q1 2012

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  • Ameriabank Leasing Portfolio Up 85% To $8.7 Million For Q1 2012

    AMERIABANK LEASING PORTFOLIO UP 85% TO $8.7 MILLION FOR Q1 2012

    arminfo
    Monday, April 2, 15:23

    Ameriabank's leasing portfolio grew 85% for Q1 2012 to 3.4 billion
    drams ($8.7 million), the bank's press-service told ArmInfo the given
    indicator grew over twofold versus the same period of 2011.

    The share of the construction, food, and mining industry, health,
    trade and services is the largest in the leasing portfolio of the
    bank. "Flexible terms of leasing allow the bank to rapidly increase
    and diversify the portfolio," the bank's press release says.

    Through its leasing service Ameriabank funds acquisition of various
    fixed assets, including real estate. Ranking of the Armenian Commercial
    Banks prepared by the Agency of Rating Marketing Information ArmInfo
    says the total capital of Ameriabank grew almost 10% in 2011 to $91
    million (2ns position). The bank is on the 2nd position also in terns
    of the statutory capital - $66 million. In 2011 the bank's net profit
    totaled $11,3 million with a 37.3% growth versus 2010. This indicator
    for Q4 2011 totaled $3.7 million (3rd position).

    In terms of the leasing portfolio the bank is on the 2nd position -
    over 25% of total leasing portfolio of the banking system.

    Ameriabank CJSC is a universal bank providing investment, corporate
    and limited retail banking services in terms of a package of banking
    solutions.




    From: A. Papazian
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