Ameriabank posts 1.1 billion drams of net profit for the first 9 months

29.10.2009 17:02
Ameriabank posts 1.1 billion drams of net profit for the first 9 months

YEREVAN, October 29, /ARKA/. An Armenian commercial Ameriabank said in a statement that its net profit for the first nine months of 2009 doubled from a year before to 1.1 billion Drams, the third largest net profit reported by an Armenian bank for the same time span.

The statement said 48% of the net profit was earned in the third quarter of the year. Interest-generated profits and other equated profits rose by 97%, while operating income rose by 87%.

In the same time span the bank paid 396 million Drams of profit taxes, up from 135 million Dram a year before.

Ameriabank is an investment corporate bank, offering investment, corporate and limited retail banking services. Its chairman of board of directors is Ruben Vardanian, chairman of the directorate is Artak Anesian. Its strategic partner is one of the biggest Russian investment banking companies-Troika Dialogue.
($1- 385.29 Drams). -0-


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