Ameriabank - leading bank in Armenia by size of provided corporate loans since 2010
The Yerevan-based Ameriabank has been the leading bank in Armenia since 2010 in terms of loans provided to corporate clients, the bank's press service reported today.
YEREVAN, November 14. /ARKA/. The Yerevan-based Ameriabank has been the leading bank in Armenia since 2010 in terms of loans provided to corporate clients, the bank's press service reported today. The bank also presented the infographic of corporate loans by economic sectors in terms of growth since 2010, and its market share.According to a bank’s press release, Ameriabank’s corporate loan portfolio has grown from 14.1% in 2010 to 20.3% at the end of September 2016. Thus, in the first 9 months of the current year the bank’s corporate loan portfolio amounted to 310 billion drams.
According to the press release, some 13.8% of corporate loans have been provided to the real estate sector. Another 12.4% have been provided to the wholesale trade, production of electricity accounted for 9.9% of all corporate loans, hotel services – for 7.9%, mining and metallurgy – for 7.3%, agriculture – for 7.3%, food and beverage production – for 6.7%, retail trade – for 6.5%, construction – for 6%, communication services – for 5.7% and other industries – for 17%.
Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia, which has been providing a wide range of innovative banking services since 2008.-0-