Wednesday, July 2 2014 18:48

Ameriabank intends to increase its card portfolio by 30% by yearend 2014


ArmInfo. Ameriabank intends to increase its card portfolio by 30% by the yearend 2014, Mr. Arman Barseghyan, Retail Banking Director at Ameriabank, said at a press conference on Wednesday.

"Card business development is a priority of the Bank. We have created very convenient service conditions for our customers. From now on they can make use of the 24/7 card service system from any point of the planet by dialing the round-the-clock 561111 number", said Barseghyan. He added that the customers can also make money transfers from the card accounts and make use of the Online Ameriabank service.

For his part, Mr. Tigran Jrbashyan, Development Director at Ameriabank, said that the peculiarity of Ameriabank's card business is that the Bank's customers mostly focus on non-cash payments. "The Bank holds no leading position by the number of issued cards but it is in the lead in the amount of non-cash plastic transactions", said Jrbashyan.

In the first half of 2014 the number of cards rose by 50% and the amount of non-cash plastic transactions grew by 40% as compared with the first half of 2013.

According to the Analytical Review "Armenian Banks in Card Business" prepared by the Agency of Rating Marketing Information (ArmInfo), Ameriabank is among the top 10 by the number of its active cards - over 55 thsd cards as of 1 April 2014 (almost 40% year-over-year growth), including nearly 36 thsd VISA, about 12 thsd local ArCa, and over 7 thsd MasterCards. As compared with the same period of 2013, the Bank increased the number of local cards almost 2-fold, and the number of VISA cards by almost 33%. The share of payroll cards was 39% (58% year-over-year growth) of the total active cards of the Bank. The Bank is also among the top 10 by the amount of its plastic transactions (nearly 78 bln in 2013, 6.6% year-over-year growth). Ameriabank holds the third position by the number of its own POS terminals (651) and is among the top 5 by the number of its ATMs (98). Most of the ATMs (73) are in Yerevan (2nd position in the banking system). The Bank has come close to the top 5 by the amount of funds on the credit cards (including overdrafts) with 10.5 bln AMD (40% year-over-year growth). Along with local ArCa cards, the Bank issues and services international VISA and MasterCards.
POST A COMMENT
Input digits     


News
Gold price rise stems from global processes - economists Gold price rise stems from global processes - economists 
Duty on metal fitting import to be raised in ArmeniaDuty on metal fitting import to be raised in Armenia
Saudi Arabia`s Public Investment Fund considering investing in  ArmeniaSaudi Arabia`s Public Investment Fund considering investing in  Armenia
Armenia and Kazakhstan discuss opportunities to develop cooperation  in digitalizationArmenia and Kazakhstan discuss opportunities to develop cooperation  in digitalization
Armenia`s ICT sector revenue grew by double-digits in the first nine  monthsArmenia`s ICT sector revenue grew by double-digits in the first nine  months
Service sector revenue accelerated in the first nine monthsService sector revenue accelerated in the first nine months
Armenia`s trade sector generated $12.1 billion in revenue in the  first nine monthsArmenia`s trade sector generated $12.1 billion in revenue in the  first nine months
Kazakhstan`s national grain operator ready to supply Armenian  consumers with approximately 15,000- 20,000 tons of food grain  monthlyKazakhstan`s national grain operator ready to supply Armenian  consumers with approximately 15,000- 20,000 tons of food grain  monthly
Armenia`s telecommunications revenue growth slowingArmenia`s telecommunications revenue growth slowing
Armenia`s metallurgy sector decreased by 10% in the first nine monthsArmenia`s metallurgy sector decreased by 10% in the first nine months
Cargo transportation in Armenia increased by 1.6% over the first nine  months, while passenger transportation decreased by 2.4%Cargo transportation in Armenia increased by 1.6% over the first nine  months, while passenger transportation decreased by 2.4%
Power generation in Armenia increased by 8.2% in the first nine  monthsPower generation in Armenia increased by 8.2% in the first nine  months
Wine production dropped by 36% and  cognac by 34.4% in the first nine  months Wine production dropped by 36% and  cognac by 34.4% in the first nine  months 
5,312,038 AMD for “Symphonic Forest”: the November beneficiary is AI4Biodiversity: AI Solutions for Nature, a national hackathon5,312,038 AMD for “Symphonic Forest”: the November beneficiary is AI4Biodiversity: AI Solutions for Nature, a national hackathon
Expert on small nuclear power plants: The hardest thing of all is to  find a cat in a dark room, especially if there is no catExpert on small nuclear power plants: The hardest thing of all is to  find a cat in a dark room, especially if there is no cat
PSRC planning to revoke Electric Networks of Armenia CJSC`s operating  licensePSRC planning to revoke Electric Networks of Armenia CJSC`s operating  license
Armenian minister of economy takes part in 124th meeting of UNWTO  Executive CouncilArmenian minister of economy takes part in 124th meeting of UNWTO  Executive Council
Armenia, Iran discuss prospects for cooperation in tourism sectorArmenia, Iran discuss prospects for cooperation in tourism sector
Armenia`s first satellite, Armsat-1,  entered controlled deorbit  phaseArmenia`s first satellite, Armsat-1,  entered controlled deorbit  phase
Pashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two yearsPashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two years
Armenia`s industrial sector declined by 5.7% in January-September  2025Armenia`s industrial sector declined by 5.7% in January-September  2025
TEAM`s 5G network  available in Gyumri and VanadzorTEAM`s 5G network  available in Gyumri and Vanadzor
Economy Minister discussed rebranding of Armenian brandy with  producersEconomy Minister discussed rebranding of Armenian brandy with  producers
Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025
Fly Cham to launch Aleppo-Yerevan flightsFly Cham to launch Aleppo-Yerevan flights
FLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  yearFLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  year
Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025
Armenia, India discuss possible cooperation in defense industry Armenia, India discuss possible cooperation in defense industry 
Armenian MP proposes rising duty on metal fitting Armenian MP proposes rising duty on metal fitting 
New route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countriesNew route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countries
AraratBank Honoured with STP Award by Commerzbank AGAraratBank Honoured with STP Award by Commerzbank AG
AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan 
RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026
ARMSWISSBANK: A strategic financial bridge between Armenia and international marketsARMSWISSBANK: A strategic financial bridge between Armenia and international markets
Germany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German EmbassyGermany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German Embassy
By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%
Compelling Business Loan Offer from AraratBank: JOIN USCompelling Business Loan Offer from AraratBank: JOIN US
Economist: It`s too early to assess economic benefits of new freight  routes passing through ArmeniaEconomist: It`s too early to assess economic benefits of new freight  routes passing through Armenia
82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman
I hope we don`t jinx it: Pashinyan commends Iranian company for  I hope we don`t jinx it: Pashinyan commends Iranian company for  "unprecedented construction speeds"
Grain delivery to Armenia dynamic - premier Grain delivery to Armenia dynamic - premier 
Armenian pensioners to get cashless pensions Armenian pensioners to get cashless pensions 
RA MOD to get $11mln more RA MOD to get $11mln more 
Health Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan ProgramHealth Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan Program
Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways 
Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk 
First grain consignment from Russia to Armenia via Azerbaijan First grain consignment from Russia to Armenia via Azerbaijan 
The interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej TimesThe interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej Times
Armenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in DusseldorfArmenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in Dusseldorf
In Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salonsIn Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salons
Central Bank Chairman: Macrostability becoming Armenia`s hallmark Central Bank Chairman: Macrostability becoming Armenia`s hallmark 
AraratBank – Title Sponsor of Urartu Football ClubAraratBank – Title Sponsor of Urartu Football Club
SCR, Armenian Tourism Federation sign Memorandum of CollaborationSCR, Armenian Tourism Federation sign Memorandum of Collaboration
SCR Director: Rail route through Azerbaijan to be in demandSCR Director: Rail route through Azerbaijan to be in demand
Economic growth down in Jan-Sept 2025 Economic growth down in Jan-Sept 2025 
RA Anticorruption Committee to get more money in 2026RA Anticorruption Committee to get more money in 2026
Amendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product informationAmendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product information
Armenian authorities` task is keeping freight vehicles at country`s  land bordersArmenian authorities` task is keeping freight vehicles at country`s  land borders
Ameriabank’s Corporate Loan Portfolio Surpasses AMD 1 TrillionAmeriabank’s Corporate Loan Portfolio Surpasses AMD 1 Trillion
New mechanisms to take effect on Armenia`s real estate market New mechanisms to take effect on Armenia`s real estate market 
Read more
Exchange rates
10.11.2025
RUB4.72-0.01
USD382.610.07
EUR442.370.54
GBP503.512.11
CAD272.921.86
JPY24.82-0.13
CNY53.740.02
CHF474.640.73


Experts
Gold price rise stems from global processes - economists Gold price rise stems from global processes - economists 
TUMO and Astana Hub: One good turn deserves anotherTUMO and Astana Hub: One good turn deserves another
Expert: Electricity tariff containment in Armenia is only temporaryExpert: Electricity tariff containment in Armenia is only temporary
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2