Investor Presentation
Efficiency and Profitability
Net profit
bln AMD
19.4
+128%
+4%
CIR (Cost to income ratio)
44.3
46.1
40.6%
40.8%
38.3%
2021
2022
2023
2021
2022
2023
•
Highlights
Net profit increased by 4% YoY despite
unprecedentedly high net profit of 2022.
The main drivers were net interest
income, as well as fees and commissions.
Continuous YoY significant growth of net
profit shows the sustainability of
underlying factors.
Strong profit generation resulted in high
profitability ratios, with ROE and ROA
standing at 25.6% and 3.5% respectively.
The slight increase of the cost to income
ratio was mainly due to the growth in
personnel expenses, stemming from
variable
performance-related
remuneration accruals..
ROA (Return on Assets)
15
1.8%
ROE (Return on Equity)
3.9%
3.5%
16.3%
29.8%
25.6%
2021
2022
2023
2021
2022
2023
Investor Presentation | Ameriabank.am
AMD 46.1 b
Net profit
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