ArmInfo. The team of Ameriabank reached the final of the 8th international contest "Virtual Banking" on asset management and liabilities, organized by SimArc NV among financial and credit organizations. As the press service of the Bank told ArmInfo, the final round will be held on November 23 in The Hague.
According to the source, along with Ameriabank, Bancop SA (Paraguay), Supervielle (Argentina) and Ficohsa (Honduras) came to the finals. 30 banks attended the competition from Africa, Asia, Latin America, Europe and Central Asia.
The competition is funded by the FMO (Bank for International Development of the Netherlands), DEG (member of the banking group KfW) and PROPARCO (French Agency for Financial Development). SimArc NV presents new progressive approaches in the financial and credit sphere, creating great educational opportunities for participants of this market.
According to the Financial Rating of Armenian Banks as of June 30, 2012, Ameriabank is leading in terms of total capital, assets, credit investments, liabilities, attracting funds from international structures. In addition, Ameriabank ranks second in terms of charter capital, investments in securities, and net profit. The bank takes the third position on time deposits, both legal and physical persons, while leading on deposits of legal entities 'access to information and occupying second place on deposits of individuals' demand deposits. As of July 1, 2017, the total capital of Ameriabank was 67.8 billion drams, charter capital 39.8 billion, assets 653.3 billion, credit investments 419.9 billion (64.3% of assets), investments in securities - 67.3 billion (incl. in the state bonds - 58.3 billion), liabilities - 585.5 billion, term deposits - 200.6 billion, demand deposits - 185.4 billion, attracted from international structures - 154.8 billion drams. The first half- year Ameriabank finished with a net profit of 3.3 billion drams, with an annual growth of 55.8%. Ameriabank is very active in terms of issuing corporate bonds: at the Nasdaq OMX Armenia stock exchange, 6 issues of Ameriabank bonds are currently quoted - two drams in the total volume of 2.5bln AMD and four dollars in total amount of $ 45mln, and all of them are quoted in the main list of Abond. (The calculated exchange rate of the dram as of June 30, 2017 is 480.47 AMD/USD1).
CJSC Ameriabank is a universal bank that provides investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. The bank has been operating in the Armenian market since October 31, 1996. As of July 1, 2017, the Bank's shareholders are Ameriain Group - 65.8%, EBRD - 20.7% and ESPS Holding Limited - 13.5%.