Ameriabank named Bank of the Year 2015 in Armenia by The Banker

ArmInfo. Ameriabank was named Bank of the Year 2015 in Armenia at the Bank of the Year Awards ceremony held on December 2 in London by The Banker, a premier publication of Financial Times, Ameriabank press-office told ArmInfo.  During the awarding ceremony, Ameriabank received a certificate and a prestigious Bracken award (named after Brendan Bracken, the founding editor of The Banker and the chairman of the modern-day Financial Times from 1945 to 1958).  The Banker's award is the highest acknowledgement of achievements in banking all over the world held for the 16th year in a row.

According to the award organizers Ameriabank won this accolade in recognition of its notable achievements, including smart and innovative time-saving solutions for clients. Another important factor was close partnership of Ameriabank with a number of major financial institutions, including European Bank for Reconstruction and Development (EBRD) and FMO. Earlier last year Ameriabank and FMO had signed a convertible subordinated debt agreement, which marked an unparalleled transaction on the local market. 

"Ameriabank has further strengthened its leading position by a number of key financial indicators. The key to our success is client-focused policy, high service quality, competent staff, ongoing innovation and well- balanced risk management. These are the advantages that helped us build customer trust. We'd like to particularly stress the agreement on introducing BankWorld omnichannel banking platform we've signed with the global leader CR2. This means we'll deliver totally new distance banking solutions starting from 2016 which will foster further development of distant banking practices in Armenia," says Artak Hanesyan, General Director at Ameriabank.  According to ArmInfo's Financial Rating of Armenian Banks, as of October 1 2015, Ameriabank had a leadership position in the local banking market by assets - 442.3bln drams (up 32.4% y-o-y), by credit exposures - 290.2 bln drams (up 40.1% y-o-y), business loans - 250.7bln drams (up 45.4%). The bank is among leaders also in terms of financing the industrial sector (including in energy fiend), agriculture, construction, trade, public catering and services. Industrial loans were almost doubled - to 70.7bln drams (25% of total loan portfolio).  Efficient placement of loans enabled the bank to increase net profits by 11.2% year on year to 5.1bln drams for 9 months of 2015 (2nd place in the market). The bank is among TOP-5 banks also by ROA - 2.07% (4th place) and ROE - 17.24% (2nd plane). The bank has leadership positions by liabilities: both the time deposits and call liabilities.  On November 27, Ameriabank signed a 25mln USD syndicated loan agreement with Netherlands Development Finance Company (FMO) and Development Bank of Austria (OeEB).  These funds will be on-lent to small and medium businesses, as well as used to fund renewable energy and energy efficiency projects.

Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameria Group CY Ltd. is the sole owner of the Bank.