AMERIABANK FINANCIAL DIRECTOR PREDICTS 18-22 PERCENT GROWTH FOR SECTOR THIS YEAR
YEREVAN, January 30. / ARKA /. Ameriabank financial director, Gevorg
Tarumyan, predicted an 18-22 percent growth for Armenia’s banking
system this year. Speaking at a news conference he said the decline
in 2009-2010 in the banking system was replaced by growth in 2011-2012.
According to him, the sector reported a 20% growth last year and this
pace will continue this year as well. He said the banks’ lending in
2012 also increased by about 20%.
“It is important that lending increased not only to the corporate
businesses, but also to individual borrows. This is a positive
development, indicating that people have jobs and they are solvent,”
he said.
According to ARKA news agency’s data, compiled on the basis of the
banks’ financial reports, their total assets last year grew to 2.
412.2 trillion drams, liabilities to 2 trillion drams, the outstanding
loan portfolio to – 1.5 trillion drams. Their retained profits amounted
to approximately 42.5 billion drams and their total capital rose to
409.5 billion drams.
Ameriabank is a universal bank providing investment, corporate and
retail banking services. ($ 1 – 407.75 drams). -0-
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