YEREVAN, October 26, /ARKA/. Armenian Ameriabank’s total assets grew to 152.5 billion Drams as of September 31, 2010 to account for 10.5% of all assets of Armenian commercial banks, Tigran Jrbashian, Ameriabank director for expansion and development, told a news conference today.

He said the bank saw a 47.7% growth of assets since the beginning of the year and in this sense it is the second largest Armenian bank.

“We expect to retain this position. At the beginning of the year we presented an ambitious program designed to make our bank one of the three leading banks in Armenia and now with three quarters of the year behind we are happy to say we have lived up to our objective, because in terms of some indicators we are number one and number two, ’ he said.

According to Tigran Jrbashian, Ameribank’s liabilities have grown to 121.3 billion Drams and now it accounts for almost 11% of all liabilities of all banks. By size of total capital, which has grown by 43.5% from the beginning of the year to 31.2 billion Drams, Ameriabank is second and by size of its chartered capital, which is 25.5 billion Drams, Ameriabank is the third largest. The bank’s credit portfolio has risen by 63.4 % this year to 88.4 billion Drams accounting for 10.5% of all banks’ credit investments.

Ameriabank is a corporate bank with integrated investment-banking and a limited number of retail banking services. The bank board of directors is headed by Ruben Vardanian. Its CEO is Artak Hanesian. Ameriabank's strategic partner is one of the biggest Russian investment cosmogonies Troika Dialog. ($1- 359.64 Drams). M.M. -0-