In Jan-Aug 2014 Ameriabank exceeds a number of targets and is ready to conquer new heights

Ameriabank continues to successfully develop its retail banking business. This year the bank has appeared with new even more attractive retail services. As a result, in Jan-Aug 2014 it exceeded a number of targets, Ameriabank's Retail Banking Director Arman Barseghyan told journalists on Tuesday.

He said that the bank's clientele grew by almost 22%. The number of cards grew by 30%, while the volume of card transactions grew by 23%. Card loans grew by 38%, auto loans by 11%, mortgage loans by 8%, retail loans for SMEs by 65%, overdrafts for legal entities by 50%.  Call deposits grew by 37% to $41mln, time deposits by 23% to $188mln.
"In all key figures we have recorded high growth. As a result, we have become more competitive on the market," Barseghyan said.
When asked by ArmInfo about retail loans, he said that this year the bank is planning to increase them by 30% to more than $100mln, with 50% growths for priority segments, like consumer, card, auto and SME loans.

According to ArmInfo's Financial Rating of Banks of Armenia, Ameriabank has the biggest assets and obligations among the Armenian bans, the second biggest authorized capital, the fifth biggest total capital, the second biggest net profit, the third biggest loan book, the sixth biggest mortgage loan book and the third biggest auto loan book. In call and time deposits the bank has the second and first ranks, respectively.  

Ameriabank is a universal bank providing investment, corporate and retail banking services. Its sole shareholder is Ameria Group.