Quality of loan portfolio of Ameriabank is one of the best in region

PanARMENIAN.Net - Volume of idle credits of Ameriabank reaches 0.7 per cent of the total loan portfolio of the bank, Tigran Jrbashyan , Director of Development of Ameriabank told reporters on Wednesday. "The quality of credit portfolio of the bank is one of the best in the region," he said.

According to Mr. Jrbashyan, confidence in the bank grows, resulting in significant positive changes in the structure of bank liabilities. If in the first quarter, demand deposits reached 32.6 billion AMD and time deposits - 20.7 billion AMD, in the second quarter their ration has changed: time deposits reached 32.2 billion AMD, while demand deposits - 27.6 billion AMD.

The volume of deposits from legal entities has significantly grown reaching 25.9 billion AMD. According to him, corporate clients of Ameriabank have a significant share in the bank's loan portfolio. Mr.Jrbashyan positively estimated cooperation of the bank with the insurance company "Rosgosstrakh" in the sphere of deposit insurance of individuals, resulting in a 36.99 per cent increase of deposit volumes within one quarter. The volume of deposits of private person more than tripled since the beginning of this year amounting to 6.3 billion AMD, which indicates the high level of confidence towards the bank, he said. "There is a desire to co-operate and it is obvious that the bank is ready to realize serious credit program," he stressed.

CJSC "Ameriabank" is a corporate investment bank offering corporate, investment and some retail services as an integrated package. The strategic partner of JSC "Ameriabank" is a "Troika Dialog" group, one of the largest investment banking companies in Russia.
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