YEREVAN, March 4, /ARKA/. Ameriabank plans to increase its credit portfolio by $80 million this year, Chairman of its Management Board, General Director, Artak Hanesyan said today. He said the bank’s credit portfolio has grown by 9.6% this year to 57 billion Drams or $150 million.

According to Levon Arevshatian, Ameriabank director in charge of corporate clients, the share of non-working credits now is 0.6%.

Ameriabank CJSC is one of the most dynamic banks in Armenia and ranked among the country’s most stable financial institutions. It is one of the first investment banks in Armenia, and since 2007 has been providing an extensive list of innovative banking products and services specifically tailored to meet its customers’ needs.

Ameriabank is the sixth largest bank in Armenia by total assets and among the top three fastest growing banks in the country. It is owned by “TDA Holdings Limited”, an investment company affiliated with Troika Dialog, a leading Russian investment banking group.

Its assets reached late last year 103.5 billion Drams, liabilities-81.8 billion Drams, the aggregate capital grew to 21.7 billion Drams and the equity capital to 18.2 billion Drams. Last year the bank earned 1.5 billion Drams in net profits. ($1 – 385.68 Drams).-0-