Ameriabank credit portfolio passed AMD 200 billion (around $500 million) in August 2014, up from $460 million in December 31, 2013, Ameriabank’s Corporate Banking Director said.

As Gagik Sahakyan told a news conference, “Ameriabank posted a 45% credit portfolio growth, with corporate credits amounting to 82% of the whole portfolio. A 10% credit portfolio upsurge was registered in the first 7 months of 2014, with the bank planning to bring the figure to $550 million (an annual increase of $90 million or 17%.)”

According to Sahakyan, as of early 2014, the medium and small enterprises’ crediting portfolio saw an unprecedented growth of 24,9%; increase in major businesses’ credit portfolio amounted to 13,2% - a serious indicator as well.

Dwelling on the economy sectors, Sahakyan characterized the renewable energy and mining industries as most promising from the crediting viewpoint.

The bank allocated AMD 17 billion to the renewable energy sector crediting; crediting of greenhouse enterprises has been under active development since 2013.

“Production and export of agricultural goods are also of interest to the bank in the context of increasing sanctions against Russia,” Sahakyan said.

As Sahakyan further noted, Ameriabank has no immediate plans to develop new offers for corporate clients, the bank’s working style requiring individual approach to each of its clients.

“Top quality of service, honesty and consistency are top priorities in the working style of Ameribank,” Sahakyan stressed in conclusion.