Ameriabank

Stock performance

History

Ameriabank took its current name in 2007 after the Ameria investment group acquired an existing Armenian bank and rebuilt it as a universal bank. It grew rapidly with backing from international development lenders and became Armenia's largest bank.

Business model

Ameriabank provides corporate, investment, and retail banking, including lending to businesses, mortgages, and digital banking services, and funds part of its lending with long-term credit lines from international financial institutions.

Market position

Ameriabank is the largest bank in Armenia by assets, competing with Ardshinbank, ACBA Bank, and Inecobank.

Country impact

Armenian banks saw a surge in deposits and transfers in 2022 as Russian individuals and businesses relocated after the invasion of Ukraine, and Ameriabank, as the largest bank, was at the center of that inflow, which helped power Armenia's double-digit growth that year.