Strong Profit Growth
The group reported a profit of GEL 513 million in Q2, up 19% year-on-year, and a half-year profit exceeding GEL 1 billion, up 28% year-on-year.
Significant GDP Growth in Core Markets
Georgia's real GDP grew by 8.3% and Armenia's by 6.3% year-on-year in the first half, leading to an upward revision of full-year growth forecasts to 7.5% for Georgia and 5% for Armenia.
Robust Loan and Deposit Growth
The group reported a 22.5% constant currency loan growth, with 37.6% growth in Armenia and 17% in Georgia. Deposit growth was also strong, with 26.1% in Armenia and 10.9% in Georgia.
High Return on Equity
The group achieved a return on equity of 27.2% in Q2 and 27.9% for the half-year, with Ameriabank reporting 20.1% ROE on a consolidated basis and 24.1% on a standalone basis.
Digital Transformation Success
Retail digital monthly active users grew by 15.5% year-over-year, and 86% of all loans were issued fully digitally, demonstrating strong uptake of digital services.