ArmInfo. Ameriabank is a leader in the mortgage lending market. On November 21, Arman Barseghyan, Retail Banking Director of Ameriabank, said during an online press conference.
According to him, since the beginning of the year, the bank's mortgage portfolio has increased by almost 50%, reaching about 70 billion drams. In this vein, the head of retail banking noted that the portfolio is not inferior in terms of quality. , - said Barseghyan. In this context, he emphasized that in the case of high growth rates, the bank pays special attention to risk management.
However, Barseghyan noted that such dynamics in mortgage lending is primarily due to passivity in the real estate market for 3-4 years, which led to deferred demand. And as a result, as he noted, this gap should have been filled. In addition, the positive changes, according to the banker, were affected by income tax refunds and activity in the construction sector.
According to the Financial Rating of the Banks of Armenia as of September 30, 2019, prepared by ArmInfo IC, Ameriabank remains the leader in terms of mortgage loans - 66.5 billion drams ($ 139.6 million). In y- o-y terms, the bank increased this portfolio by 81.2%, only for 9 months of 2019 - by 48.4%, of which for the III quarter - by 14.5%. The share of Ameriabank in total mortgage loans in the market exceeds 20%, and in the total credit investments of the bank the share of mortgages reaches almost 12%. To recall, Ameriabank is a universal bank offering corporate, retail and investment services in a comprehensive package. Ameriabank has been operating in the Armenian market since October 31, 1996. The shareholders of Ameriabank are Ameria Group CY Ltd. - 56.53%, EBRD - 17.78%, Asian Development Bank - 13.96%, ESPS Holding Limited - 11.73%.
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