YEREVAN, January 30. /ARKA/. Ameriabank’s credit portfolio grew by 7% to 146bln drams by the end of 2012, compared to the year before, the bank’s financial director Gevorg Tarumyam told journalists Wednesday.

Tarumyan pointed to the changes in the structure of the bank’s balance.

“We stated that lending to small and medium business, as well as to individuals will be the main priorities of the bank”, he said.

The share of SME (small and medium enterprises) in the bank’s credit portfolio grew by 12% in 2012 to about 21bln drams, according to the financial director. Loans to individuals totaled 25bln drams, an increase of 13% against 2011.

The bank’s assets rose by 22% to 245bln drams and the liabilities grew by 25% to 245bln drams in 2012 against 2011.

Ameriabank’s profits more than doubled to 6.2bln drams over the year.

Ameriabank closed joint stock company is a universal bank offering investment, corporate and retail banking services in a complex solution package. Ameriabank has been the first investment bank in Armenia. It has been providing a wide range of innovative banking services since 2007. ($1=407.75drams).–0--