Yerevan/Mediamax/. As of the end of the I quarter, 2010, consolidated assets of “Ameriabank” and “Cascade Bank” made about 129bln AMD, liabilities – 99bln AMD, capital – 30bln AMD, credit portfolio – 72bln AMD.

Mediamax reports that Development Director of “Ameriabank” Tigran Jrbashyan said this in an interview to Second Armenian TV Channel on Thursday.

According to him, simultaneously with the merger with “Cascade Bank”, this year “Ameriabank” plans to secure 20-30% growth and after the merger it plans to occupy “at least the third place in the banking system of Armenia as to all basic indices”.

Tigran Jrbashyan noted that the decision on the merger of banks is partially dictated by the current conditions, when Armenia is coming out of the crisis and the economy needs large investment projects.

Development Director of “Ameriabank” also stated that after the merger, the bank will occupy a unique place in the banking system of Armenia as to crediting of energy, taking into account the experience in this sphere crediting both in “Ameriabank” and in “Cascade Bank”.

“Ameriabank” and “Cascade Bank” signed an agreement on merger on March 31 in Yerevan. The process of banks’ merger under “Ameriabank” brand is planned to be completed this year.