Total income of Ameriabank and Cascade Bank totaled AMD 654mln during first quarter of 2010April 22, 2010 - 17:21 AMT PanARMENIAN.Net - Development Director of Ameriabank CJSC Tigran Jrbashyan reported that the total net income of Ameriabank and Cascade Bank totaled AMD 654mln during the first quarter of 2010. “Ameriabank is the leader of the Armenian banking sector by the rate of income growth,” he said. Mr. Jrbashyan also noted that the total capital of Ameriabank makes 22.3bln as of March 31, 2010, while the joint capital with Cascade Bank amounts to 30bln, and the banks are the second in Armenia’s banking system by this joint figure. The Development Director added that the capital is continuously growing, taking into consideration also the two banks’ income. Summarizing the results of the first quarter of 2010, Jrbashyan said that Ameriabank secured 136% annual increase of assets, bringing them to 110.5bln that is the sixth figure among Armenia’s commercial banks. At the same time, the bank’s liabilities amounted to 88.2bln, while the joint liabilities of Ameriabank and Cascade Bank totaled 99bln. “We expect the rates of this figure growth to continue, considering some trends related to rehabilitation of the country’s economy,” Jrbashyan added. The credit portfolio of Ameriabank exceeded 60bln. The total credit placements of the bank make 71.9bln. Meanwhile, the bank is among leaders of the Armenian banking system by the growth rate of its credit portfolio. The share of inoperative credits totaled 0.26% during the first quarter, while the average index at the crediting market makes 5-7%. Besides, Jrbashyan reported that, due to Ameriabank’s cooperation with international financial institutions, the bank manages to successfully implement the programs planned in the energy field and business crediting. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |