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Head Office Of Ameriabank Opens In Yerevan

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  • Head Office Of Ameriabank Opens In Yerevan

    HEAD OFFICE OF AMERIABANK OPENS IN YEREVAN

    NOYAN TAPAN
    NOVEMBER 12, 2009
    YEREVAN

    The opening ceremony of Ameriabank's head office equipped with modern
    equipment took place in Yerevan on November 12. Armenian President
    Serzh Sargsyan attended the opening ceremony. The bank plans to open
    another three branches in 2010.

    Chairman of the Central Bank of Armenia Arthur Javadian stated that
    during many years of its work, notably over the past two years, the
    bank has made a significant contribution to the development of the
    Armenian banking system. According to him, the bank is in first place
    in the banking system by its authorized capital, and 24% in the 10%
    overall growth of credit investments is ensured at the expense of
    Ameriabank's credit resources. Its assets grew sixfold, while its
    liabilities - sevenfold, which is a serious index under conditions
    of the financial and economic crisis, A. Javadian underlined.

    Director General of Ameriabank CJSC Artak Hanesian told reporters that
    the bank expects an annual profit of 1.4 billion drams by the end of
    2009. He said the bank will provide various services, with the stress
    being laid on the expansion of services to corporate customers and the
    provision of loans to small and medium business and the energy sector.
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