YEREVAN. - The agreements with IFC and EBRD give Ameriabank an opportunity for unprecedented growth. Chairman of the Board of Directors at “Ameriabank” CJSC, Andrew Mkrtchyan, stated the aforementioned during the signing of financial agreements with the European Bank for Development and Reconstruction (EBRD) and the International Finance Corporation (IFC) in Yerevan today.
According to Mkrtchyan, the signing of these transactions helped increase the regulatory capital almost twice, creating new opportunities for the growth of credit provision.
Since 2008, the bank has attracted nearly $500 million from the international financial organizations.
“In 2008, Ameria Group obtained a small bank with a capital of only $11 million and $25 million assets. And today we are the leaders of Armenia’s banking system according to almost all basic indicators. Our bank is the largest taxpayer in the financial system of Armenia, and we are included in the Top 15 in the general list. Our assets have already exceeded $1 billion, which is an unprecedented indicator in the banking system of our country,” he noted.
According to one of the agreements, EBRD will invest $40 million capital in Ameriabank. During the first stage, the bank will invest $30 million in the purchase of nearly 20 percent of the shares. The remaining 10 million will be used for the future growth of bank capital.
Under another agreement, IFC has provided Ameriabank with a subordinated loan in the amount of $50 million.
Ameriabank is the largest bank in Armenia according to its shares, loan portfolio, liabilities and deposits. Currently the entire fund of the bank constitutes nearly $200 million, the total assets equaling to about $1 billion by the end of 2015.
