AMERIABANK POSTS 119.3% RISE IN DEPOSITS IN DEC 2008
ARKA
Feb 11, 2009
YEREVAN, February 11. /ARKA/. Ameriabank’s total time deposits grew by
119.3% in December 2008, the bank’s press service reports. Corporate
time deposits rose 150.4%, with retail deposits increasing by 14.6%.
Though Armenian banks posted a considerable plunge in deposits,
Ameriabank has increased its deposits thanks to its program of deposit
insurance aiming at strengthening trustworthiness of the country’s
banking system, Ameriabank says.
In January, the bank’s time deposits grew by 10.8%, with retail
deposits rising 46.4%. Year-over-year comparison also shows
considerable positive shift: as of January 31, 2009, time deposits
grew by 3.7pct year-on-year.
Retail deposits increased by 4.3pct year-on-year in January 31, 2009.
According to the Central Bank of Armenia (CBA), time deposits of
Armenian banks decreased by 5.4% in December 2008, with time deposits
attracted from residents rose 0.1%, due to foreign currency deposits.
Ameriabank CJSC is an investment bank offering a comprehensive set
of corporate and limited range of retail bank services and products.
The Chairman of the Ameriabank Board of Directors is Ruben Vardanyan,
and the Chairman of the Management Board-General Director is Artak
Hanesyan.
Ameriabank’s strategic partner is Troika Dialog Group – one of the
biggest investment-banking companies in Russia.