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In 2009 Ameriabank Became The Leader In Banking System By Growth Of

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  • In 2009 Ameriabank Became The Leader In Banking System By Growth Of

    IN 2009 AMERIABANK BECAME THE LEADER IN BANKING SYSTEM BY GROWTH OF FIXED-TERM LIABILITIES

    ArmInfo
    25.02.2010

    ArmInfo.In 2009 the volume of fixed-term liabilities of Ameriabank
    increased 2.6 times to 54.3 bln AMD. The press-service of Ameriabank
    told ArmInfo that by growth of the given index the bank held the
    leading position in the banking system of the country.

    According to the source, taking into account the fact that Ameriabank
    raises funds also from international financial structures, and this
    tendency will continue in 2010 as well, the structure of the bank's
    liabilities is balanced by periods and systematized by sources in
    the following way: liabilities to Armenian government make up 17%,
    fixed-term deposits of legal entities - 56%, deposits of individuals
    - 27%. Though Ameriabank is a corporate investment bank and the
    fixed-term deposits of individuals make up only 32.3% of the total
    volume of fixed-term deposits of the bank, nevertheless, the volume
    of individuals' deposits increased 7.6 times, and by this growth
    Ameriabank holds the first position in the banking system of Armenia.

    In 2009 the deposits of resident individuals in the bank increased
    7.7 times, and those of nonresident individuals - 7.4 times. This
    is the result of not only the fact that individuals' deposits are
    by 100% insured, but also the wide range services offered by the
    bank, flexible tariff policy, as well as growth of confidence in
    the bank due to the stable growth in its financial indices. In 2009
    the number of banking accounts of the individuals increased by 82%,
    and the balance on the accounts doubled.

    To note, the majority shareholder of Ameriabank is TDA Holdings
    Limited, affiliated with Troika Dialog with 99.99% share of
    participation in the capital.
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