Monday, November 27 2017 19:23
Karine Melikyan

The Ameriabank team won in the final of the 8th international contest "Virtual Banking"

The Ameriabank team won in the final of the 8th international contest "Virtual Banking"

ArmInfo. The team of Ameriabank won in the final of the 8th international competition "Virtual Banking" on asset management and liabilities, organized among financial and credit organizations. As the press service of the Bank told ArmInfo, the final round was held on November 23 in The Hague. The award ceremony took place at the head office of the FMO.

According to the source, the second place in the final round was taken by the team from Supervielle (Argentina), the third - the team from Ficohsa (Honduras), the fourth - the team from Bancop SA (Paraguay). A total of 30 banks from Africa, Asia, Latin America, Europe and Central Asia took part in the competition, but teams from Ameriabank (Armenia), Bancop SA (Paraguay), Supervielle (Argentina) and Ficohsa (Honduras) came to the finals.

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). The organizer was SimArc NV, which presents new progressive approaches in the financial and credit sphere, creating great educational opportunities for the participants of this market.

According to the Financial Rating of the Armenian Banks as of September 30, 2017, prepared by NA ArmInfo, Ameriabank is in the lead in terms of total capital, assets, credit investments, liabilities, raising funds from international structures. In addition, Ameriabank ranks second in terms of charter capital, investments in securities, and net profit. The bank occupies the third position on term deposits, with the same position on term deposits of natural persons, but the second position on term deposits of legal entities, while leading on demand deposits both legal entities and individuals. As of October 1, 2017, the total capital of Ameriabank was 68.6 billion AMD, charter capital - 39.8 billion, assets - 667.3 billion, credit investments - 441.9 billion (66.2% of assets), investments in securities - 71.1 billion (incl. in government bonds - 53.8 billion), liabilities - 598.8 billion, term deposits - 202.8 billion, demand deposits - 192.9 billion, attracting from international structures - 150.6 billion drams. Ameriabank summed up 9 months of 2017 with a net profit of 5.4 billion drams, with an annual growth of 53.6%. Ameriabank is also very active in terms of issuing corporate bonds: today, 7 issues of Ameriabank bonds are listed on the Nasdaq OMX Armenia stock exchange - two drams in the total amount of 2.5 bln AMD, four dollars in total amount of $ 45 mln, one EUR in the amount of 3 mln EUR, and all they are quoted in the main list of Abond. (The calculated exchange rate of AMD as of 30.09.2017 is 478.41 dr / $ 1).

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%.

POST A COMMENT
Input digits     


News
Number of vPOSs in Armenia already exceeds 4.5 thousandNumber of vPOSs in Armenia already exceeds 4.5 thousand
2-3 nuclear power units with capacity of 200 MW each would make it  possible to more effectively manage country`s energy system - PSRC  Chair2-3 nuclear power units with capacity of 200 MW each would make it  possible to more effectively manage country`s energy system - PSRC  Chair
ADB to provide  $3 million grant to Armenia to increase agricultural  flexibility and improve food security in rural areasADB to provide  $3 million grant to Armenia to increase agricultural  flexibility and improve food security in rural areas
By accepting 20% stake in MTS Armenia as gift, government sends  message to other companies:  PashinyanBy accepting 20% stake in MTS Armenia as gift, government sends  message to other companies:  Pashinyan
Micro-processing cards with NFC chip account for almost 70% of total  number of cards in Armenia, already reaching 2.6 millionMicro-processing cards with NFC chip account for almost 70% of total  number of cards in Armenia, already reaching 2.6 million
A Millionaire Wanted: New Draw from IdramA Millionaire Wanted: New Draw from Idram
PSRC: construction of Mets Masrik  industrial-scale solar power plant  in Armenia is nearing completionPSRC: construction of Mets Masrik  industrial-scale solar power plant  in Armenia is nearing completion
Wizz Air launches Budapest-Yerevan-Budapest direct flights Wizz Air launches Budapest-Yerevan-Budapest direct flights 
Temporary ban on gasoline exports from Russia will not affect ArmeniaTemporary ban on gasoline exports from Russia will not affect Armenia
14 Armenian tech companies participate in Mobile World Congress in  Barcelona14 Armenian tech companies participate in Mobile World Congress in Barcelona
Tax authorities propose not to tax labor migrants with annual income  of up to AMD 12 million Tax authorities propose not to tax labor migrants with annual income  of up to AMD 12 million 
Gnel Sanosyan: potential of industrial companies and specialists of  Armenia is growingGnel Sanosyan: potential of industrial companies and specialists of  Armenia is growing
ADB signed sale and purchase agreement with Bank of Georgia in  respect of its shares in AmeriabankADB signed sale and purchase agreement with Bank of Georgia in  respect of its shares in Ameriabank
Founder of ABBYY Group, David Yang, to Speak at Armenia`s First  Investment and Financial ForumFounder of ABBYY Group, David Yang, to Speak at Armenia`s First  Investment and Financial Forum
Armenia`s economic activity increased by 10.7% per annum in Jan 2024Armenia`s economic activity increased by 10.7% per annum in Jan 2024
Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in ArmeniaGevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in Armenia
S&P affirms Armenia`s sovereign rating at `BB`; Outlook Stable,  projectting GDP growth of 6.2% in 2024 S&P affirms Armenia`s sovereign rating at `BB`; Outlook Stable,  projectting GDP growth of 6.2% in 2024
Food Safety Inspectorate  did not reveal any violations at Jermuk  Group enterprise after inspectionFood Safety Inspectorate  did not reveal any violations at Jermuk  Group enterprise after inspection
Erik Tintrup: Germany will continue to assist Armenia in tourism  developmentErik Tintrup: Germany will continue to assist Armenia in tourism  development
Privileged conditions with the Business Prime packagePrivileged conditions with the Business Prime package
Armenia`s government to establish G Solution organization using  facilities of Ministry of Finance, State Revenue CommitteeArmenia`s government to establish G Solution organization using  facilities of Ministry of Finance, State Revenue Committee
Armenia ideally positioned to offer India alternative sea trade  route, especially with Europe - Armenian minister Armenia ideally positioned to offer India alternative sea trade  route, especially with Europe - Armenian minister 
Armenia`s government kept election pledge -premier Armenia`s government kept election pledge -premier 
Armenia`s authorities suspend taxation of labor migrants Armenia`s authorities suspend taxation of labor migrants 
Motor Insurers` Bureau informs about need to indicate bank account  number in CMTPL agreements from April 1, 2024; what foreigners should  do not yet reportedMotor Insurers` Bureau informs about need to indicate bank account  number in CMTPL agreements from April 1, 2024; what foreigners should  do not yet reported
In terms of GDP per capita, Armenia is in first place in South  Caucasus - Pashinyan In terms of GDP per capita, Armenia is in first place in South  Caucasus - Pashinyan
Russia ready to develop technological cooperation with Armenia -  ambassador Russia ready to develop technological cooperation with Armenia -  ambassador 
Team Telecom Armenia announces sale of eSIM cards Team Telecom Armenia announces sale of eSIM cards 
Ria Money Transfer has recognized Ardshinbank Partner of the YearRia Money Transfer has recognized Ardshinbank Partner of the Year
Tourism Committee, SDA to cooperate in tourism development in Lori,  Tavush, Vaiots Dzor, Syunik Tourism Committee, SDA to cooperate in tourism development in Lori,  Tavush, Vaiots Dzor, Syunik 
Armenian authorities` GDP forecasts for 2024 seem overstated - expert Armenian authorities` GDP forecasts for 2024 seem overstated - expert 
Expert on Armenia`s international trade growth against Expert on Armenia`s international trade growth against "miserable  trade pattern"  
Tatul Manaseryan: In case of utilization of competitive advantages,  Armenia`s business activity growth could be within 7-8% by end of  2024Tatul Manaseryan: In case of utilization of competitive advantages,  Armenia`s business activity growth could be within 7-8% by end of  2024
Rustam Badasyan: until issue of taxation of labor migrants is finally  resolved, no coercive measures will be usedRustam Badasyan: until issue of taxation of labor migrants is finally  resolved, no coercive measures will be used
Armenia`s GDP growth slowed to 8.7% in 2023Armenia`s GDP growth slowed to 8.7% in 2023
UBA Head: Armenian banking system RoE became comparable to countries  with similar economiesUBA Head: Armenian banking system RoE became comparable to countries  with similar economies
Decision that was made in 10 days - UBA chairman on HSBC Bank`s exit  from ArmeniaDecision that was made in 10 days - UBA chairman on HSBC Bank`s exit  from Armenia
Daniel Azatyan: in Armenia, highest lending growth was registered in  construction sector, with decrease in industrial sector Daniel Azatyan: in Armenia, highest lending growth was registered in  construction sector, with decrease in industrial sector 
Entry of bank with international brand into financial market of  Armenia always desirable and important - UBA chairmanEntry of bank with international brand into financial market of  Armenia always desirable and important - UBA chairman
Armenia`s commercial banks to be authorized to issue guarantees for  participation of Armenian companies in procurement in EAEUArmenia`s commercial banks to be authorized to issue guarantees for  participation of Armenian companies in procurement in EAEU
Net inflow of transfers to Armenia decreased by 36% in 2023Net inflow of transfers to Armenia decreased by 36% in 2023
Economist: Outflow of remittances from Armenia to continue to grow in  2024Economist: Outflow of remittances from Armenia to continue to grow in  2024
Transavia to start operating flights on route Lyon - Yerevan - Lyon Transavia to start operating flights on route Lyon - Yerevan - Lyon 
Ameriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entityAmeriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entity
Bank of Georgia announces proposed acquisition of Ameriabank for  $303.6 millionBank of Georgia announces proposed acquisition of Ameriabank for  $303.6 million
Former MP on economic situation in Armenia: Former MP on economic situation in Armenia: "What is brought by water  will go with water"
Armenia, Iran discuss possibilities of strengthening logistics ties  between  two countriesArmenia, Iran discuss possibilities of strengthening logistics ties  between  two countries
Which Book to Choose as a Gift for the Book Giving Day? A Piece of Advice from Idram and IDBankWhich Book to Choose as a Gift for the Book Giving Day? A Piece of Advice from Idram and IDBank
SRC: individuals-residents of Armenia must pay tax on income received  abroadSRC: individuals-residents of Armenia must pay tax on income received  abroad
Expert: SRC should have taxed labor migrants only after large-scale  information campaign for them, which was not doneExpert: SRC should have taxed labor migrants only after large-scale  information campaign for them, which was not done
Global economic growth to slow -EDBGlobal economic growth to slow -EDB
EDB expects fiscal policy to stimulate Armenian economy in 2024 EDB expects fiscal policy to stimulate Armenian economy in 2024 
Armenian Card: arca.am application to stop operating from Apr 15,  2024Armenian Card: arca.am application to stop operating from Apr 15,  2024
Bank of Georgia Group PLC announces possible transaction to acquire  Ameriabank CJSCBank of Georgia Group PLC announces possible transaction to acquire  Ameriabank CJSC
Armenian insurance sector profit decreased by 33% in 2023Armenian insurance sector profit decreased by 33% in 2023
With HSBC`s withdrawal, Armenia loses last transnational  institutional investor - analystsWith HSBC`s withdrawal, Armenia loses last transnational  institutional investor - analysts
Armenia amends Gyumri Urban Roads Project agreement with EBRDArmenia amends Gyumri Urban Roads Project agreement with EBRD
Moody`s assigns B2 rating to Electric Networks of ArmeniaMoody`s assigns B2 rating to Electric Networks of Armenia
Electric Networks of Armenia CJSC bonds successfully placed Electric Networks of Armenia CJSC bonds successfully placed 
Food Safety Inspection Authority of Armenia responds to  Rospotrebnadzor`s decision to suspended sale of Jermuk mineral waterFood Safety Inspection Authority of Armenia responds to  Rospotrebnadzor`s decision to suspended sale of Jermuk mineral water
Read more


Exchange rates
01.03.2024
RUB4.42-0.03
USD403.98-0.18
EUR436.74-1.29
GBP510.23-1.32
CAD297.550.15
JPY26.87-0.06
CNY56.12-0.04
CHF456.27-2.90