Ameria Bank, one of the leading financial institutions in Armenia, has reported strong financial performance for the year 2022. The bank's total loan portfolio grew by 22% year to date to AMD873bn, equivalent to approximately $2.19bn. Retail loans accounted for AMD392bn, up 19% ytd, equivalent to roughly $984.0mn. Corporate large and SME loans reached AMD480bn, up by 25% ytd, equivalent to approximately $1.20bn. The retail and SME portfolio share in total loans stood at 61.2%.
Total deposits and bonds also increased by 13.7% ytd to AMD997bn ($2.5bn). The bank's stage 3 NPL improved and dropped to 2.2%, down by 0.2 percentage points (pp) ytd.
Ameria Bank Armenia's net profit reached AMD34.3bn ($86.0mn), up 11% y/y. The bank’s return on equity (ROE) and return on assets (ROA) stood at 26% and 3.6% respectively. Tier 1 and total capital adequacy ratios (CAR) stood at 14.4% and 17.2% respectively.
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