Friday, April 23 2010 11:05
Ameriabank developing special products for foreign clients of Cascade Bank
ArmInfo. Ameriabank is developing special products for foreign clients of Cascade Bank. As Ameriabank Development Director Tigran Jrbashyan said responding to ArmInfo's question, the clientele of Cascade Bank, with the USA as part of it, is one of the advantages of the bank with which Ameriabank is carrying out the unification procedure.
"We intend to take active part in markets of the USA and the West in general, in view of which we shall implement new products during the next 1-2 months. We have already held meetings with big clients and discussed cooperation terms", he emphasized. Along with it, Jrbashyan said Ameriabank is going to extend its branch network and develop card business.
To note, Ameriabank currently has four branches: in Yerevan, Stepanakert, Kajaran and Dilijan. As of January 1, 2010, Cascade Bank had two branches (in Yerevan).
To recall, on March 31, 2010, shareholders of Ameriabank and Cascade Bank signed an agreement on merger of these two structures, after which the transaction was approved by Armenian Central Bank on April 7. The bank merger will be over till November 2010, and the united bank will function in the market under Ameriabank brand by adoption of the Parties.
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