YEREVAN, July 20. /ARKA/. The total assets of Ameriabank surged to 222 billion drams at the end of the second quarter of this year from 200.9 billion drams from a year earlier, Tigran Jrbashyan, Ameriabank marketing director, told a news conference today. He said in terms of assets size Ameriabank is the second largest bank in Armenia.

On his side, Gevork Tarumyan, Ameriabank’s financial director, said revenue growth over the last 12 months amounted to 58%. In particular, the bank's profit in January-June 2012 reached about 2.5 billion drams, up from 1.6 billion drams from a year earlier.

Tarumyan said in terms of basic indicators Ameriabank is among three local largest banks.
According to him, the bank’s outstanding credit portfolio in the first six months of this year rose by 13%; and compared from a year before they soared by 32%. In the first half of this year, the aggregate amount of loans and borrowings amounted to about 152 billion drams from 134 billion drams in the first half of 2011.

Tarumyan said also individual savings deposits saw a 27 percent rise over the last 12 months and by 15% over the first six months of 2012 to a total of 105 billion drams, up from 91.3 billion drams in the first six months of last year.

Ameriabank is a universal bank that provides investment, corporate and retail banking services. ($1 - 411.89 drams). -0 -