Thursday, November 21 2019 19:17
Alina Hovhannisyan

Ameriabank fully transfers business financing to digital channels

Ameriabank fully transfers business financing to digital channels

ArmInfo.  Ameriabank, emphasizing the importance of saving time for business entities, introduced new opportunities for remote financing of business. In  particular, as Arman Barseghyan, Retail Banking Director at  Ameriabank, noted during a November 20 online press conference,  henceforth financing of the business will be carried out exclusively  through digital channels.

In this vein, he noted that the unified approach to lending to the  business segment did not justify itself, so the bank intends to apply  an individual and relevant approach to customers, with classification  in three groups.

In particular, the first group, as Barseghyan noted, includes  unsecured loans of up to 10 million drams, which can be obtained  online in 5 minutes. If the loan, due to insufficient information  about the company, is not approved for the specified time, a bank  employee will visit the company, where he will get acquainted with  business activities on the ground. Based on the analysis, a loan  decision will be made within one business day.

In the case of loans from 10 million to 20 million drams, which  require collateral, the bank introduced an additional component.  According to him, the bank intends to take a pledge only from a part  exceeding 10 million drams. "For example, if a client wants to get a  loan of 20 million drams, then the deposit will be calculated only  from 10 million", he explained.

And for loans exceeding 20 million drams, there is also the  possibility of submitting applications and documents online. In  addition, the client will be able to follow online and be aware of  what stage his application is at. If necessary, the bank can send  additional questions to the client through digital channels and  receive answers to them.

In addition, Barseghyan noted that it will be possible to carry out  refinancing of loans online in Ameriabank.  "These are serious  changes not only for Armenia, but also for the region. We hope that  the opportunities presented by us will be widely used by customers,  which will allow us to increase the volume of business lending and  contribute to the growth of the country's economy", he concluded.

According to the Financial Rating of the Banks of Armenia prepared by  ArmInfo Information Company as of September 30, 2019, Ameribank is  the leader in terms of corporate lending - 424.1 billion drams,  ensuring a y-o-y growth of 4.5%. Corporate lending dominates in the  total loan portfolio of the bank - 76%, and Ameriabank accounts for  about 20% of the total corporate loans in the market. Ameriabank  completed 9 months of 2019 with a net profit of 8.8 billion drams,  with a y-o-y growth of 8.5%. (The calculated exchange rate of the  dram on September 30, 2019 was 475.97 AMD / $ 1).  To recall,  Ameriabank is a universal bank offering corporate, retail and  investment services in a comprehensive package. Ameriabank has been  operating in the Armenian market since October 31, 1996.  The  shareholders of Ameriabank are Ameria Group CY Ltd. - 56.53%, EBRD -  17.78%, Asian Development Bank - 13.96%, ESPS Holding Limited -  11.73%.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000