Ameriabank Ensures 1.1 Billion Net Profits For 9 Months Of 2009

AMERIABANK ENSURES 1.1 BILLION NET PROFITS FOR 9 MONTHS OF 2009

ArmInfo
2009-10-29 18:19:00

ArmInfo. Ameriabank ensured 1.1 billion net profits for 9 months
of 2009, including 48% of total profits was for 3Q. Ameriabank
press-service told ArmInfo net profits for 9 months of 2009 versus
the same period of 2009 (year-on-year) doubled. Interests and other
year-on-year incomes grew 97% and operational income grew 87%.

The bank reported 396 million dram provision for tax for 9 months of
2009 versus 135 million drams a year ago.

Ameriabank is a corporate bank with integrated investment-banking
and a limited number of retail banking services. The united team of
Ameriabank and Ameria Group Companies provides individual financial-
banking solutions. We carve out paths for improvement of your business
and lifestyle, via both traditional and alternative, hyper-advanced
banking technologies. In August 2007, the main share holdings of
the Bank (96%) was obtained by TDA Holdings Limited, an investment
company affiliated with the leading and largest Russian investment
group company – Troika Dialog. In 2007-2008, gradually increasing
the Charter Capital of the Bank, the major shareholder TDA Holdings
Limited increased its equity participation up to 99.9956044%.

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