Ameriabank's time deposit volume grew by 39.9% in the first quarter of 2009

April 7, 2009 - 17:35 AMT
PanARMENIAN.Net - Ameriabank 's time deposit volume grew by 39.9% in the first quarter of 2009, exceeding 2008 results 5.7 times.

Legal persons' deposits, comprising 79.4% of total bank's deposits, increased by 26.2 % within the first quarter of 2009, exceeding 2008 results 5.9 times.



In December 2008 Ameriabank initiated full insurance policy for physical persons' deposits, regardless of sum and currency deposited. This step ensued in increased volumes for physical persons' deposits, which grew by 141.1% within the first quarter of 2009, exceeding 2008 results 5.2 times.

Ameriabank's time deposit volume totaled AMD 22.2 billion as of Mar. 31, 2009.

Ameriabank CJSC is a corporative investment bank, providing corporative, investment and limited retail banking services. Troika Dialog, major investment company in Russia, is the strategic partner of Ameriabank CJSC.
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