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%.