January 30, 2013 - 15:03 AMT
Armeniabank posts 50% profit increase in 2012

Ameriabank CJSC posted over 50% (up to AMD 6,2 bln) profit growth in 2012agaisnt 2011 results, the bank’s CFO said.

As Gevorg Tarumyan told a news conference, in 2012, the bank’s liabilities increased by 25%, investment assets grew by 39%, deposit liabilities soared 35%, while the bank’s assets surged by 22%.

“With Ameriabank in the top spot in Armenia’s banking system, we aim to continue cooperation with international organizations, boost credit portfolio and offer new products to retain leadership,” Tarumyan stressed.