Ameriabank expands its network of regional branches

ArmInfo.Ameriabank, adhering to its strategy of expanding its presence in the regions of Armenia, enlarges its network of regional branches. So, on October 15, the  Echmiadzin branch was opened in the city of Echmiadzin in the Armavir  Region, which became the 8th regional branch of Ameriabank. This  branch, located at Echmiadzin, 69/51 Mashtots Street, will work from  Monday to Friday inclusive from 09:30am to 5:00pm.

As Arman Barseghyan, Director of Retail Banking, Ameriabank told  reporters, the Echmiadzin branch will provide services on favorable  terms to those customers who open an account before January 31, 2020.   Special rates will be offered to both individuals and legal entities.

"In case of opening an account, we will provide the newly created  legal entities with Internet banking and mobile banking services, a  business card with free service for the first year. And we will offer  debit and credit cards to the heads of organizations, the first year  of service of which will also be free," noted A.  Barseghyan, adding  that the individuals who opened accounts in this branch will also  receive Internet banking and mobile banking services with free  service for the first year and all types of cards (except Platinum  and Infinite).

Regarding the expansion of Ameriabank's presence A. Barseghyan  stressed that the emphasis is put not only on opening new branches in  the capital, but also regional ones, with the provision of a wide  range of services and products. "Recently, Ameriabank expanded its  activities in the regions of Armenia, and the opening of a branch in  the city of Abovyan, and today the Echmiadzin branch a few months  ago, became part of this strategy. All branches of the bank are  universal in terms of providing the full range of services and  products by Ameriabank," A. Barseghyan stated.

He noted that since the beginning of 2019, the bank introduced new  products to the market almost every month with an emphasis on digital  services. "We were the first in Armenia to launch digital lending  first for individuals and then for legal entities, providing the  opportunity to receive online loans," he said, saying that the new  offer that Ameriabank will make before the end of 2019 will allow the  transfer of business loans into the digital environment. "This  proposal is a significant innovative solution in the financial  market, which, in terms of obtaining loans, will significantly speed  up the process, and from the point of view of customers will increase  the convenience of service," A. Barseghyan noted. 

Mayor of Echmiadzin, Diana Gasparyan, who was present at the opening  ceremony of the Ameriabank branch, emphasized that the presence of a  banking branch is designed to stimulate economic activity in the  city, facilitating access to financial services. "Thanks to the  opening of the branch, now the residents of Echmiadzin will not have  to travel to Yerevan to conduct banking operations. In addition, an  agreement has been reached with the branch on supporting the life of  our city community with small projects," she said. 

In turn, the governor of the Armavir region Hambardzum Matevosyan  noted that the new branch of Ameriabank is the first not only in the  region he leads, but also in the entire economic zone of the Ararat  valley, which is of key importance for Armenia. According to him, the  bank will be able to provide substantial support in organizing  programs to subsidize local businesses in the agricultural sector.  "The branch will be able to simplify the process of securing  co-financing and providing subsidies for residents of the region. It  will also allow creating new jobs and activating various social  programs," he noted.

It should be noted that Ameriabank has been operating in the Armenian  market since October 31, 1996.  The shareholders of Ameriabank as of  July 1, 2019 are Ameria Group CY Ltd. - 56.53%, EBRD - 17.78%, Asian  Development Bank - 13.96%, ESPS Holding Limited - 11.73%.  Ameriabank's branch network, taking into account the newly opened  Echmiadzin branch, has 19 branches, of which 11 are located in  Yerevan and 8 are regional.