Ameriabank recognized leading bonds issuer bank in Armenia by Cbonds  financial information agency

ArmInfo. Ameriabank has been recognized the leading bank issuer of bonds in Armenia by Cbonds financial information agency. Cbonds has published Arrangers' league table for domestic bonds of Caucasus states, 2016 (http://cbonds.com/rankings/item/401). 

The press service of Ameriabank has told ArmInfo that 3 issues have  been placed with total amount of $22 mln, which makes 7.12% in South  Caucasus region. "One should accentuate not on volume but on the  quantitative aspect, according to which the number of issuers and  issues in Armenia in 2016 has exceeded the relevant numbers in the  neighboring countries, which in turn testifies to healthy  competition, due level of development and diversification of Armenian  market of bonds", Ameriabank's press release reads. 

To recall, Cbonds is an independent financial News agency and data  vendor operating in Russia, CIS and other developing countries. 

To note, in the middle of 2016 the bank issued coupon USD bonds  amounting to $15 mln (the main Abond list at 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. 

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%).

According to Express Ranking of Armenian Banks prepared by ArmInfo,  in 2016 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.  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.