Friday, January 26 2018 17:18

ArmInfo. Ameriabank continues to lead the main financial indicators, despite some restraint of the growth rate, which nevertheless does not prevent from increasing its  profits more weightily.

According to the Express-Ranking of Armenian Banks, prepared by NA  ArmInfo, the bank's assets as of the end of 2017 totaled 677.7  billion AND ($ 1.4 billion, 1st position). In their structure, 69.2%  or 468.9 billion AMD ($ 968.4 million, 1st position) accounted for  credit investments and other loans, and 8.5% or 57.8 billion ($ 119.4  million) for investments in securities. For the year 2017, the loan  portfolio of the bank decreased by 6.5%, but investments in  securities increased by 14.2%, which kept down the assets at 5.8%.   As a comparison, we note that a year earlier, in 2016 the bank  demonstrated a significant increase in these indicators: the loan  portfolio by 63%, investments in securities by 63.4%, assets by  39.2%. And despite the slowdown in the growth rate of investments in  securities, the bank has established itself on this indicator at the  2nd position.

By January 1, 2018, Ameriabank's total liabilities were fixed at the  leading 607.8 billion drams or $ 1.3 billion, despite a 7.2% decline,  versus 43.2% growth in 2016. In their structure, liabilities to  customers (term deposits and demand deposits) amounted to 61.7% or  375.2 billion drams ($ 775 million, the 2nd position), loans  attracted from international financial institutions - 29.5% or 179.1  billion drams ($ 369.9 million, 1 st position), and the funds  received from the placement of own bonds - 6.7% or 40.9 billion drams  ($ 84.6 million). In 2017, the bank reduced its liabilities to  customers by 9.5% and loans attracted from international financial  institutions - by 16.9%, while increasing by 2.3 times the funds  received from the placement of its own bonds. A year earlier, in  2016, the bank demonstrated a significant increase in liabilities to  customers and loans attracted from international financial  institutions.

The Bank raised its total capital in the reporting year by 8.6% to  69.9 billion drams or $ 144.5 million due to the growth of  accumulated profit by 22.7% to 29.8 billion drams or $ 61.5 million.  2016 the Bank completed with a net profit of 7.7 billion AMD or $  15.9 million, with growth of 24%. In the fourth quarter alone, the  bank's net profit amounted to 2.3 billion AMD, an increase of 13%  over the previous quarter. The regulatory total capital of Ameriabank  reached by January 1, 2018 84.1 billion AMD (with an annual growth of  2.7%), which is almost 3 times higher than the normative minimum  amount (30 billion) entered into force since 2017. The Bank's capital  adequacy ratio was 12.74% at the end of 2017 (with the required 12%  min), total liquidity - 29.74% (with the required min 15%), current  liquidity - 93.35% (at the required min 60 %), against, respectively,  15.87%, 31.23% and 133.17% a year earlier.

The Bank is in the lead in lending to the industrial sector  (including the energy complex), agriculture, construction sector,  trade, transport and communications, catering and services, and  mortgage lending. The Bank is also a leader in term deposits and  demand deposits.

Since March 2016 the bank has started issuing its bonds: the number  of issues by January 1, 2018 has already reached 8, out of which 5 -  dollar in the total amount of $ 55 million, 1 - euro in the amount of  3 million and 2 - AMD in the total volume of 2.5 billion, which are  listed in the main "Abond" list of the NASDAQ OMX Armenia stock  exchange.

At the same time, Ameriabank successfully placed debt securities  worth $ 20 million in four Luxembourg investment funds through its  investment manager in the form of respons Ability Investments AG in  June 2016, having planned to direct the proceeds from the placement  of these securities to SME lending and financing of energy efficiency  and renewable energy projects power engineering. Distinctive awards:  from Euromoney (2017, 2016, 2014, 2012, 2011), from Global Finance  (2016, 2015, 2013, 2012), from The Banker/FT (2016, 2015, 2013,  2010), from Commerzbank with 2008 is annually awarded with the "STP-  Award".

Ameriabank CJSC is a universal bank that provides investment,  corporate and retail banking services in the form of a comprehensive  package of banking solutions. The bank has been operating in the  Armenian market since October 31, 1996. The branch network of  Ameriabank includes 14 divisions, out of which 9 are metropolitan and  5 are regional ones. In the share capital of Ameriabank, with the  entry of the European Bank for Reconstruction and Development in  December 2015, the equity participation has changed as follows:  Ameria Group CY Ltd. - 65.8%, EBRD - 20.7% and ESPS Holding Limited -  13.5%.