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YEAR 2022 AT A GLANCE REPORTS ON AN UPSURGE IN ARMBUSINESSBANK’S KEY FINANCIAL INDICATORS
ARMBUSINESSBANK has summed up the results of 2022, according to which the Bank has enhanced its leading positions in the banking system of Armenia for number of indicators.
In pursuance of the adopted new strategy, the Bank will further expand and improve the advancement of the retail business, and the results of 2022 are the proof of the dynamic development of the Bank in this area.
In 2022, the Bank recorded a growth of the Retail credit portfolio by 30,5%, thus exceeding by 2,7 times the 11.5% growth rate of Armenian banking sector, with 17,5% share in the growth of the retail loan portfolio of Armenian banks over 2022.
As for Mortgage loan portfolio, the Bank achieved 66% growth in 2022, this being 2,4 times higher than the 27․4% growth rate of overall Armenian banking sector. The Bank's share in the growth of the mortgage portfolio among Armenian banks for 2022 totaled 15,3%.
In 2022, ARMBUSINESSBANK CJSC improved its ranking among Armenian banks in terms of retail loan portfolio, with a share of 7,63% thus being ranked the 4th at year-end. The Bank also improved its ranking in terms of the portfolio of mortgage loans, with its share of 8,29%, ranked the 3rd in the local banking market at the end of the year.
In terms of individuals’ term deposits portfolio, ARMBUSINESSBANK still leads the market, with its share of 17,06%.
The Bank's portfolio of individuals’ demand deposits increased by 22,2% during the reporting year.
The main focus in ARMBUSINESSBANK strategy approved for 2023-2025 is made on the pace of development and digitalization of its retail business. In pursuit of digital development path, 6 branches were closed in 2022 within the framework of branch network optimization.
As for the total assets and liabilities, the Bank is still ranked the 3rd in the local banking market. In terms of legal entities’ loan portfolio, the Bank continues to be the 2nd in the market with its share of 15,23%.
The Bank is also ranked the 2nd in the market of overall term deposits portfolio, with its share of 12,84%.
The Bank proceeds implementing new development plans jointly with its clients and partners, demonstrating continuously advanced leadership indicators.
ARMBUSINESSBANK, which has been operating for over 30 years, positions itself as one of the leaders of Armenian banking system, offering a full range of banking products and services to corporate, medium, small businesses, and individuals alike.
ARMBUSINESSBANK is controlled by the Central Bank of Armenia
February 09, 2024
Change your financial routine with our modern digital card, combining convenience and security. AMIO digital card is not only just a card, but your smart transition to more accessible, practical and controllable expenses.
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January 23, 2024
January 23, 2024
AMIO BANK presents a new promotion for international transfers to China.
The transfer tariff is set at 0.1% till March 31 inclusive (minimum: 6,500 AMD, maximum: 30,000 AMD).
You can make transfers in USD and Euro. All costs of the correspondent bank are covered by the Bank...
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January 18, 2024
Transfer or receive money from AMIO through the INTELIEXPRESS fast money transfer system and the transfer will be available within minutes in many countries around the world, including Russia. It is fast and affordable. The Currency: Russian ruble (RUB). Commission: 1%...
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January 18, 2024
January 04, 2024
We are already in Ashtarak!
“Ashtarak” branch of AMIO BANK rebranded, along with new solutions and innovative format, opened its doors to customers on N. Ashtaraketsu str. 45-47.
The guests from Aragatsotn Municipality, the bank’s partners and customers were at the official reopening ceremony of the branch. AMIO BANK՛s Executive Board Chairman Gevorg Tarumyan and Aragatsotn Deputy Governor Harutyun Gulyan cut the symbolic ribbon together...
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December 29, 2023
«Zvartnots» branch of AMIO BANK will continue working 24/7 till 31.12.2023, 18:00 and customer service will work with the same schedule on 01.01.2024, 09:00.
«Mergelyan» branch (address: Yerevan, 1 Komitas avenue) will serve customers on 30.12.2023 from 10:15 to 13:45...
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December 28, 2023
We inform you that on 29.12.2023 AMIO BANK's operating day has been extended, thus customers can be served in the below mentioned branches of AMIO BANK till 18:00.
- «Kajaznuni» branch (Yerevan, Kajaznuni str. 5/26)
- «Teryan» branch (Yerevan, Teryan 69)
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December 28, 2023
Recently, AMIO BANK’s employees of different divisions summed up their knowledge acquired within the process of the course on “Leasing" financial instrument implementation through a test, overcoming the further phase of leasing implementation in the Bank...
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December 26, 2023
Don’t miss a fantastic offer and enjoy movie evenings with us!
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