IDBank opened in Yerevan innovative center for financial services, a  unique one in the entire region

ArmInfo. On February 6, IDBank opened in Yerevan an innovative Center for Banking Financial Services, which is exceptional and unique in the enitre region. The  center is located in the heart of the Armenian capital, on Northern  Avenue (in Building No. 6).

"We promised the population of Armenia a lot of innovative solutions  and one of them has been implemented," Chairman of IDBank Council,  Russian entrepreneur Vartan Dilanyan told ArmInfo.

The project is original due to the fact that a corporate customer  service area - IDBusiness and Privilege Banking are located on the  territory of the bank branch ''Center'', which has a large number of  bright and beautifully furnished rooms - a conference hall, meeting  rooms, mini cafes for private discussions. The center becomes even  more attractive due to the conceptual cafe ''Espress It Coffeeshop  Company'' located on the same territory. A co-working center offering  for rent a workplace for the required time for the services of  entrepreneurs, freelancers and start-up companies is located at the  ground floor.

At the end of the opening ceremony of the IDBank's "banking  supermarket" innovation center the presentation of the new Visa  Signature premium card for Armenia was held. The card offers the  holder the opportunity to receive emergency assistance during trips  abroad in case of loss or theft of the card, international medical  and information assistance during travel and business trips,  concierge services available 365 days a year. They help customers  with everything related to travel, restaurants and entertainment,  while saving time and money. To note, as of today, the IDBank branch  network consisted of 13 divisions, of which 8 located in Yerevan and  5 in the regions. Nevertheless, the bank focuses on innovative  products, mobile and Internet banking, which involves a wide range of  products and services with remote control.

IDBank has been operating in the Armenian market since October 1996.  The Bank's shareholders are: the Cypriot company FISTOCO LTD with a  59.68% share and the Lebanese CreditBank S.A.L - 40.32%.  Indirect  majority shareholders are individuals: Tarek J. Khalefe (CreditBank  S.A.L) and Vartan Dilanyan (FISTOCO LTD).

According to the Express-Ranking of Banks of Armenia prepared by  ArmInfo IC, as of January 1, 2020, the total capital of IDBank  amounted to 44.2 billion drams ($ 92.1 million), assets - 150.8  billion drams ($ 314.3 million), credit investments and other loans -  80.3 billion drams ($ 167.3 million). The total liabilities of the  bank as of this date amounted to 106.6 billion drams ($ 222.2  million), of which over 67% or 71.5 billion drams ($ 149 million)  accounted for customer deposits (term and demand). The bank's assets  increased in 2019 by 23.5%, total capital - by 9.7%, total  liabilities - by 30.3%.

IDBank completed the year 2019 with a net profit of 3.2 billion drams  ($ 6.6 million), with a y-o-y growth of 45.1%. IDBank's capital  adequacy level as of January 1, 2020 amounted to 28.61% (with  normatively required min 12%), the level of total liquidity - 26.93%  (with normatively required min 15%), current liquidity level -  164.52% (with normatively required min 60%).