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Vartan Oskanian: I stop my activities in PAP and perfectly realize my share of responsibility for Party's failure

In 2014 Beeline's investments in Armenia grew by $3 mln to $14 mln

Naira Zohrabyan: Prosperous Armenia Party to promptly restore its rating in political field

Aboyan City Mayor, Gagik Tsarukyan's Son-in-Law Severed from PAP; He Retained Mayor's Office

Naira Zohrabyan officially declares Prosperous Armenia Party as opposition

Expert: Law "On cinematography" to give a fresh impetus to development of Armenian film industry

Viva Cell-MTS offering AMD 90 per minute in roaming

Armen Martirosyan: Gagik Tsarukyan's decision to leave his post is not authorities' victory over opposition

Gagik Tsarukyan: I Have Nothing to Do with "Prosperous Armenia" Anyomore - That is My Own and Final Decision

Expert: On March 1, Levon Ter-Petrosyan threatened Moscow to yield Liberty Square to pro-Western forces

"Prosperous Armenia" Congress Finished Having Hardly Begun

Expert: New government may be formed in Armenia this year

Economic crisis in Russia did not spark outflow of Armenian labor migrants

Diplomatic Source: Armenia's International Image Besmirched by Internal Political Tiff Over

XII IFF "Golden Apricot" to Take Place in Yerevan on July 12-19

Founding Parliament: Gyumri Municipality impeding Zhirayr Sefilyan's meeting with local residents

USA Ambassador: Armenia and Azerbaijan Parties Should Refrain from Taking Actions that would Escalate the Tension of Karabakh Conflict Situation

Mass Media: Tigran Urikhanyan decides to step down as parliamentarian

Robert Kocharyan and Levon Ter-Petrosyan in a Foreign Policy Accomplishments Competition

Gagik Tsarukyan to step down as chairman of Prosperous Armenia Party and to renounce his deputy mandate

British Film Festival 13th Love Edition to be held in provinces of Armenia

Ex-foreign minister Vartan Oskanian and others to announce their withdrawal from Prosperous Armenia Party at tomorrow's PAP congress

Head of Heritage Faction: EPP resolution on Armenian Genocide is the result of victory over party interests

Kiro Manoyan: EPP resolution on Armenian Genocide unprecedented by its contents

First president of Armenia to receive life pension

Levon Zurabyan: Armenian special services spend resources on spying on oppositionists rather than on collecting data about Azerbaijan

Armenian Parliament amends Law on Turnover Tax in first reading

Edward Nalbandian: Armenia has submitted a Genocide Prevention Resolution to UN Human Rights Council

Russian Railways: Events in Ukraine have reduced flow of passengers using Russian Railways' services

Press: Naira Zohrabyan to head Prosperous Armenia Party

Russian Railways: Fluctuation of currency rate must not have any significant impact on railway tickets in CIS

The 15th meeting of CIS Council for Rail Transport (CRT) Passenger Commission kicks off in Yerevan

Media outlets: Prosperous Armenia Party collapsing

Mass Media: President of Armenia Serzh Sargsyan will submit draft constitutional reform in two weeks

World-Known Pianist Evgeny Kissin is to Perform in Yerevan

Beeline Smart - one of the Most Sold Phones in Armenia

Eurovision-2015: Mary-Jean O'Doherty Vasmatzian the Fifth Participant of "Genealogy"

Nairit Plant employees threaten to sit on hunger strike unless their salaries are paid

Armenian Culture Ministry elaborates a law "On Cinematography"

RF Prosecutor General: Valery Permyakov cannot be transferred to Armenia, as he is a citizen of Russia

Gagik Mkrtchyan: Our country not only can but also should develop industrial production

Access to ACBA-ONLINE system now possible through Token APP

Armenian soldier killed on Line of Contact

Beeline Opened a New Sales and Service Office in Sevan

Zhirayr Sefilyan does not want to comment on Levon Ter-Petrosyan's statements

Comrades-in-Arms of Albert Safaryan have been Detained Based on the Case of the Soldier's Suicide

Karine Danielyan: Oil and gas prospecting near Sevan will be devastating for the lake

Gallup: 43% of Armenia's citizens consider unemployment to be the most topical problem

GALLUP: Top three brightest oppositionists in Armenia: Zaruhi Postanjyan, Raffi Hovannisian and Nikol Pashinyan

Yerevan to host 15th meeting of CIS Council for Rail Transport (CRT) Passenger Commission

Ameriabank challenges credit surveillance stereotypes by launching a "Non-Cash Freedom" card campaign

  • by Gayane Isahakyan

  • Wednesday, July 2, 20:23

Ameriabank has launched a "Non-Cash Freedom" card campaign for the period of summer vacations. The campaign offers the customers a line of credit for their vacations and emergency expenditure. Mr. Tigran Jrbashyan, Development Director at Ameriabank, said at today's press conference that the lines of credit will be provided on the basis of assessment of the borrowers' non-cash expenses and their consumption behavior. No proof of income or statement of employment is required. 

"The assessment of the customers' non-cash expenses will allow the Bank to occupy a new niche among the card products, because the new loan product challenges the stereotype of the borrowers' credit surveillance by their income", said Jrbashyan. 

He believes that the main problem the customers come across when applying for a loan is the assessment of their credit surveillance by their income. "We are changing this approach and switch to assessment of the customers' expenses and their consumption behavior, since we think that expenses characterize the customers' borrowing capacity more precisely. It is especially convenient in Armenia, where not always and not all incomes are completely registered and not all income sources are known", added Jrbashyan. He also pointed out that the service is available for the customers of both Ameriabank and other Armenian banks. "The Bank is ready to analyze the non-cash payments of the potential customers, as it has the relevant analytical tools", he said. 

For his part, Mr. Arman Barseghyan, Retail Banking Director at Ameriabank, said that the line of credit ranges from 150 thsd to 1.5 mln AMD depending on the amount of the cardholders' non-cash transactions executed over the past 6 months. The loan amount will be 6 times as much as the amount of the non-cash payments if a cardholder has no credit history or if his/her overdue time period has not exceeded 30 days over the past 2 years. The loan amount will be 8 times as much as the amount of non-cash payments in case the borrower's overdue time period has not exceeded 10 days over the loan redemption period. If the borrower has a credit history and lacks overdue loans over the specified period, he/she can be provided with a loan worth 10 times as much as the non-cash transactions. The line of credit is provided to the cardholders whose average monthly non-cash turnover through Ameriabank's service network has been 80 thsd AMD and more over the past 6 months. The offer is in force from July 2 till September 30. "No service fee will be levied until the yearend of 2014", said Barseghyan. 

According to the Analytical Review "Armenian Banks in Card Business" prepared by the Agency of Rating Marketing Information (ArmInfo), Ameriabank is among the top 10 by the number of its active cards (over 55 thsd cards as of 1 April 2014, with almost 40% year-over-year growth). The Bank is also among the top 10 by the amount of its plastic transactions (nearly 78 bln in 2013). Ameriabank holds the third position by the number of its own POS terminals (651) and is among the top 5 by the number of its ATMs (98). Along with local ArCa cards, the Bank issues and services international VISA and MasterCards.
Ameriabank CJSC  is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. The sole shareholder of the Bank is Ameria Group CY Ltd. 

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