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Ameriabank opens branch in Syunik, Armenia

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  • Ameriabank opens branch in Syunik, Armenia

    Ameriabank opens branch in Syunik, Armenia

    KAJARAN, September 25. /ARKA/. On Thursday, Ameriabank opened its
    branch in Kajaran.

    `We explored the province of Syunik and saw it is interesting to
    market. We see a high demand for banking services here', Vazrik
    Sekoyan, the bank director on retail transactions, said at the opening
    ceremony.

    He said Zangezur Copper and Molybdenum Combine, its personnel and
    residents of the province will be the bank's clients.

    Sekoyan said that after careful selection, the bank employed ten people
    for this branch.

    Tigran Jrbashyan, development director, in turn, said that the Syunik
    branch has round-the-clock on-line connection with the home office in
    Yerevan.

    He said that the services provided by provincial branches wouldn't
    differ from those of the home office.

    Ameriabank has also offices in Yerevan and Stepanakert.

    Artak Anesyan, director general and chairman of directorial board, said
    that new branches are planned to be opened in Grumri and Vanadzor the
    next year.

    The bank also intends to open another branch in Yerevan.

    In his words, Ameriabank is now considering room for opening a branch
    in Dilijan and searching areas for establishing another office in
    Syunik, maybe in Kapan.

    The Ameriabank CJSC (former Armimpexbank) was founded in July 1992
    using the facilities of the Armenian branch of the USSR Vnesheconombank
    (Foreign Economy Bank).=2
    0On September 8, 1992, the bank received a
    banking license from the CBA.

    Last August, TDA Holdings limited, affiliated with Troika Dialogue,
    Russia's leading investment company, purchased the bank's shares. This
    May the bank was renamed Ameriabank.

    Ameriabank's assets totaled AMD 86.2 billion and liabilities 65.4
    billion by late August.

    The bank's authorized capital amounts to 18.2 billion (first rank among
    Armenian banks).

    The bank's credit investments for Jan-June 2009 totaled AMD 31.6
    billion, liabilities to clients AMD 60.4 billion and net profit AMD
    5584.9 million. ($1= AMD 384.67). M.V. -0-
    From: Baghdasarian
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