37% growth recorded in Ameriabank credit portfolio in 2010

37% growth recorded in Ameriabank credit portfolio in 2010
February 1, 2011 - 13:27 AMT

PanARMENIAN.Net - 37% growth was recorded in the credit portfolio of Ameriabank CJSC in 2010, totaling AMD 89bln as of December 31, 2010.

93% of the growth was secured due to legal entities lending, in which 43% increase was recorded, the bank press service reported.

The share of loans provided to corporative clients makes 84% of Ameriabank credit portfolio.

Besides, 31% growth was recorded in loans allocated to individuals, bringing it to AMD 15bln.

At the same time, classified loans totaled 0.28% of the bank portfolio.

The bank assets grew by 25%, totaling AMD 153bln by the end of the year. Meanwhile, the bank net income increased by 56%, amounting to AMD 2.9bln.

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