Armenia’s largest universal bank Ameriabank improved its net profit by 5.6% y/y to Armenian dram (AMD) 5.6bn ($11.7mn), the lender said on September 7.
Net interest income amounted to AMD14.9bn, up by 21% y/y, while the return on equity (ROE) and return on assets (ROA) stood at 12.1% and 1.4%, respectively
Ameriabank added that during the second quarter its net interest margin (NIM) stood stable at around 4.8% while its total assets amounted to AMD803bn, up by 3% in the year to date.
The bank’s total loan portfolio was higher by 1.4% YtD and 13% y/y. Its retail loan portfolio was up by 17% YtD, reaching AMD140bn. The retail and SME portfolio share in total loans reached the strategic target of 40%, Ameriabank said.
Tier 1 and total capital adequacy ratios stood at 11% and 13.5%, respectively, for the second quarter.
Ameriabank markets itself as having become “a champion by growth rates within ten years of operations, acquiring the top market position among its peers”. Of Armenia’s 17 banks, it is the number one by assets, liabilities, the loans portfolio, net profit and equity.
BOGG PLC, an international financial group based in the UK, has finalized a deal acquiring a 90% stake in Ameriabank, a leading financial institution in Armenia. This acquisition, valued at $303.6mn, ... more
The Central Bank of Armenia's Board has preliminarily approved the acquisition of a significant stake in Ameriabank CJSC by Bank of Georgia Group PLC (BOGG) and Bank of Georgia JSC, according ... more
Ameriabank has maintained its position as Armenia's leading financial institution for sustainable financing, winning the title for the fourth year in a row. The recognition is due to the ... more