40% growth recorded in Ameriabank credit portfolio

40% growth recorded in Ameriabank credit portfolio
August 26, 2010 - 14:47 AMT

PanARMENIAN.Net - The credit portfolio of Ameriabank CJSC is continuously growing. Since the beginning of 2010, 40% growth has been recorded in it against 34% (AMD 70bln) during the same period in 2009, the bank’s press service reported. The bank’s credit portfolio totaled AMD 73bln as of July 31, 2010.

71% of the credit portfolio growth during seven months of 2010 was secured due to loans issued to corporate clients, which increased by 33%, amounting to AMD 58bln, what in its turn makes 80% of the bank’s total credit portfolio.

Besides, 68% growth was recorded in loans provided to individuals.

Moreover, there are no hopeless loans in the credit portfolio of Ameriabank, while its classified loans make 0.38% of the total credit portfolio.

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