Ameriabank to rank among top five banks of Armenia

PanARMENIAN.Net - Ameriabank will rank among top five banks of Armenia by the end of 2009, Chairman of the Board, Director General of Ameriabank CJSC Artak Hanesyan said.



"It is very difficult to be corporate and retail bank during crisis, but we overcame difficulties very well," he told  a news conference in Yerevan.  



According to him, the bank did not stop lending for a single day and it will rank among top five banks of Armenia  in terms of assets, credit investments, growth rate. "The bank will be listed if not first, at least second or third in country's banking system by the end of this year," Hanesyan assured.



Compared  with the beginning of 2009 the bank's assets doubled, and are expected to amount to AMD 100 billion by late 2009.



To date, Ameriabank provided AMD 47.6 billion credit investments. By the end of the year, the bank will approve additional AMD 2.5 billion credit raising the volume of investments to AMD 50 billion," he said. 



The attracted funds increased three-fold, reaching AMD 75-80 billion by late 2009, with AMD 1.5 billion net profit.