ArmInfo. Ameriabank was named Bank of the Year 2016 in Armenia at the Bank of the Year Awards ceremony held on December 7 in London by The Banker, a premier publication of Financial Times, Ameriabank press-office told ArmInfo. During the 17th awarding ceremony, Ameriabank received a certificate and a prestigious Bracken award (named after Brendan Bracken, the founding editor of The Banker from 1945 to1958 and the chairman of the modern-day Financial Times). Ameriabank received similar award from the Banker in 2010, 2013 and 2015.
The banks such as ING, Raiffeisen International, DBS and other financial institutions are among the winners, development strategies of which allowed them to reach efficient financial indicators in complex competitive and economic conditions. Banks from 149 countries of the world were nominated this year.
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.
"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, due to which completely new opportunities are given to users of distance banking services", says Artak Hanesyan, General Director at Ameriabank.
According to ArmInfo's Financial Rating of Armenian Banks, as of October 1 2016, Ameriabank had a leadership position in the local banking market by assets - 524.1 bln drams (up 18.5% y-o-y), by credit exposures - 352.3 bln drams (up 21.4% y-o-y), business loans - 306.8 bln drams (up 22.4%). The bank is among leaders also in terms of financing the industrial sector (including in energy field), agriculture, construction, trade, public catering and services. Efficient placement of loans enabled the bank to ensure 3.5 bln drams of net profit for 9 months of 2016 (1st place in the market). The bank has leadership positions by liabilities: both the time deposits and call liabilities. Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameria Group CY Ltd.-79.3% and EBRD-20.7% are the shareholders of the Bank.
The Banker's award is the highest acknowledgement of achievements in banking all over the world.