CLASSIFIED CREDITS OF AMERIABANK MAKE 0.26% OF ITS TOTAL CREDIT PORTFOLIO

PanARMENIAN.Net
May 17, 2010 - 14:29 AMT 09:29 GMT

There are no hopeless credits in the credit portfolio of Ameriabank
CJSC, while its classified credits make 0.26% of the total credit
portfolio. Meanwhile, this index totals 5.6% in the Armenian banking
system.

The press service of Ameriabank reported that the volume of classified
credits totals 0.76% in the joint balance with Cascade Bank. At the
same time, corporate credits and loans total 87% of Ameriabank's
credit portfolio.

The bank's credit portfolio totaled AMD 61bln as of March 31,
2010 that is 14% and 87% higher as compared with the beginning of
the year and same period of 2009 respectively. Besides, the bank's
credit portfolio totaled AMD 63bln as of the end of April 2010, and
the bank's assets totaled AMD 114bln that is 10% higher as compared
with the beginning of the year.