ArmInfo. At the initiative of Ameriabank and Golden State Bank in California, the Chairman of the Board of Ameriabank, Andrey Mkrtchyan, and the head of the Golden State Council Robert Sedrakyan met with local businessmen. As the press service of Ameriabank told ArmInfo, the Mayor of Glendale (USA, California) Vardan Karapetyan participated in the meetings.
During the meeting, issues related to the Memorandum of Cooperation concluded between Ameriabank and Golden State Bank were discussed.
The meeting was aimed at bringing together the points of interaction between business communities in Armenia and California, promoting business development in an expanded framework and ensuring access to real estate markets.
Ameriabank reminded that within the framework of the bilateral agreement, those Armenian companies and individuals who wish to purchase real estate in California or conduct business will be able to have a trusted partner in the person of Golden State Bank, having previously applied to Ameriabank. In addition, state- registered enterprises and resident physical persons have the opportunity to use the full package of services and products of Ameriabank through the California Golden State Bnak. This is the first experience of cooperation in this format between American and Armenian banks, which provides Armenian citizens with an unprecedented opportunity to purchase real estate and use the bank's services through financing from a California bank, having previously applied to Ameriabank. Within the framework of the memorandum, numerous banking services will be available to bank customers, including opening accounts, issuing cards, making deposits, banking and interbank operations, consulting services, assessing creditworthiness, etc. According to Ameriabank's research, the California market is large, and financial opportunities in 2 times exceed the capacity of the French, Russian and other major Armenian Diasporas. California is a major partner in terms of investments, transfers, and charitable programs. In this connection, the parties hope that through cooperation, it will be possible to increase the amount of investments from the US to the economy of Armenia and the number of services provided.
The Memorandum of Cooperation signed on January 18, 2016 between Ameriabank and the Golden State Bank of California provides new opportunities for Armenian and American enterprises and individuals to conduct banking operations and allows using the services provided by the two markets.
According to the Financial Rating of the Armenian Banks, as of October 1, 2017, prepared by the IA ArmInfo, Ameriabank holds the leading position on assets - 667.3 billion AMD (annual growth of 27.3%), on general credit investments (441.9 billion AMD, with annual growth of 25, 4%), including crediting the Armenian economy (374.7 billion AMD, with an annual growth of 22.2%). Among the leaders of the bank is the crediting of the industrial sector (inclusive of the energy complex), agriculture, construction sector, trade, catering and services. Effective placement of credit resources allowed the bank to ensure a net profit in the first 9 months of 2017 at 5.4 billion drams (2 position on the market), with an annual growth of 53.6%. It is noteworthy that the bank is leading both in terms of liabilities, both general and demand deposits, and on time deposits is included in the TOP-3. ZJSC Ameriabank is a universal bank that provides investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. The shareholders of the bank are Ameria Group CY Ltd. with a share in the capital of 65.8%, EBRD - 20.7% and ESPS Holding Limited - 13.5%.