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22 October 2010 - 13:27 AMT

Ameriabank CJSC leads Armenian banking system in credit portfolio volume

Ameriabank CJSC credit portfolio totaled AMD 88bln as of September 2010, increasing by 98% against the same period in 2009.

The results achieved take Ameriabank CJSC to the position of a leader in Armenian baking system, the bank’s press service reported.

87% of the credit portfolio growth during nine months of 2010 was secured due to loans issued to corporate clients, which increased by 38%.

29% growth was recorded in loans provided to individuals, with twofold increase (99%) obsered based on annual data.