Ameriabank is in the lead by main financial indicators ensuring high  growth rates 

ArmInfo.. Ameriabank retains leadership by main financial indicators ensuring high growth rates.  According to the data of Express Ranking of Armenian Banks prepared  by ArmInfo the bank's assets grew by 39.2% in 2016 to 718.3 bln drams  or $1.5 bln due to growth of loan portfolio by 63% and investments in  government securities by 63.4%. As a result the bank increased  amounts of lending to 501.4 bln drams or $1.04 bln, while investments  in state securities to 48.7bln drams or $100.6 mln.

To note for comparison that in 2015 the growth rates were more moderate: assets  grew by 29%, loan portfolio by 12.4%, investments in state  securities-by 45.5%. 

In 2016 Ameriabank increased general obligations by 43.2% to 653.9  bln drams or $1.4 bln versus 27.7% growth a year ago. In their  structure liabilities against clients (time deposits and call  liabilities) grew by 41% to 414.6 bln drams or $856.7 mln, the same  growth was ensured in 2015.  Growth rates of loans attracted from  international financial structures accelerated to 61.6% from 22%  forming a portfolio amounting to 225.1 bln drams or $465.1 mln. 

The Bank increased interest yield by 19.3% in 2016, at the same time  interest expenses grew more significantly by 32%, along with which  non-interest yield declined by 11.3% with more significant decline of  non-interest expenses (by 37.8%). Commission fees grew in 2016 by 16%  amid growth of commission expenses by 25.3%. Operational expenses  declined by 44.8% amid growth of operational expenses by 15.3%, while  administrative expenses grew by 60% to 9.4 bln drams, in their  structure the wages fund has remained almost unchanged (5.7 bln  drams). 

The total capital of the bank increased by 8.6% to 64.4 bln drams or  $133.1 mln due to growth of accumulated profit by 23.4% to 24.3 bln  drams or $50.1 mln and sharp change of revaluation reserve from  negative to positive level. At the yearend 2016 the Bank had net  profit amounting to 6.2 bln drams or $12.8 mln ensuring 29.2% growth.   In the structure of balance profit (prior to paying taxes) the share  of profit from foreign currency transactions declined to 32.5% or 2.5  bln drams in the reported year versus 71.3% a year ago. Total  regulatory capital of the bank reached 81.9 bln drams by Jan 1 2017,  which exceeds the normative minimum capital requirement (30 bln  drams) almost 3-fold. The bank ensured capital adequacy ratio at the  level of 15.87% (amid required min of 12%), overall liquidity -31.23%  (required min-15%), day-to-day liquidity- 133.17% (amid required min  60%) versus 15.07%, 29.91% and 151.26% respectively in 2015.

To note, Ameriabank is a universal bank providing investment,  corporate and retail banking services. The bank has operated in the  Armenian market since October 31 1996.  The network of the bank  comprises 12 branches, 8 of which in Yerevan and 4 in the regions.  The shareholders are Ameria Group CY Ltd (79.3%) and EBRD (20.7%).  The bank is among leaders by lending to industrial sector (including  energy), agriculture, construction field, trade sector, transport and  communications, public catering and services, mortgage lending. The  Bank retains leadership also by time deposits and call liabilities.   In the middle of 2016 the bank issued coupon dollar bonds amounting  to $15 mln (the main "Abond" list of NASDAQ OMX Armenia). At the same  time, in June 2016 Ameriabank successfully placed debt securities  amounting to $20 mln via its investment manager in the name of  ResponsAbility Investments AG in four Luxemburg investment funds,  planning to direct the attracted funds for lending to SMEs and  financing of energy efficiency and renewable energy programs. The  Bank has multiple Excellency awards by Euromoney (2014, 2012, 2011),  Global Finance (2015, 2012, 2013), The Banker/FT (2016, 2015, 2013,  2010) and Commerzbank, the bank has been annually awarded STP Award  since 2008.