Newsfeed

Expert: Hybrid form of governance is best possible option for Armenia

VTB Bank (Armenia) keeps supporting improvement of School No.21 of Russian Defense Ministry

MP: During Lavrov's visit to Baku, Azerbaijan used all mechanisms to get concessions in Karabakh peace process

10,000-year-old bison bone found at bottom of Lake Sevan, Armenia

Armenian Foreign Ministry disclaims reports on seizure of Armenian quarters in Damascus by ISIL

Personal income tax for Armenian citizens in Russia is 13%

"No To Plunder! and "Rise Up, Armenia!" movements to be fighting against electricity price hikes in Armenia together

"No To Plunder!" movement to march against electricity price hikes on Sept 11

Vatican beatifies catholic bishop murdered during 1915 genocide

Union: Armenian government has made a decision to ease the consequences of electricity price hike, unaware of how much it will cost the country

Head of SCRW: the dynamic of safety assurance indicators improved twice

The new Turkish Minister for the Affairs with the EU: Massacre of the Armenians happened and it is recognized by all countries

Detained activists of No To Plunder! Movement set free

Defense Ministry: Two Armenian soldiers wounded as Azerbaijan breaches ceasefire on Armenian- Azerbaijani border

Five activists were arrested on Baghramyan Avenue

Konstantin Kazenin: Turkey and Iran have no technologies to increase their influence in the North Caucasus so far

Galust Sahakyan: Armenian authorities fear no movements coming out against constitutional reforms

Hovik Abrahamyan expects to receive a high post following constitutional reforms

Azerbaijan breaches ceasefire for about 120 times

Defense Minister: Armenian detachments control the situation

Prime Minister: Economic situation in Armenia depends on EEU countries' economies

40 students of internship program to work at Beeline

CIS countries to do without USD

Criminal case instituted over fact of police's violence against demonstrator

Prime Minister: Arpine Hovhannisyan is one of the probable candidates for justice minister's post

Azerbaijani MFA to "Blacklist" those Foreigners who Attend Lubov Kazanorvskaya's Concert in Stepanakert

Ara Papyan: In geopolitical perspective by having quite favourable conditions to conduct foreign policy, Armenia is not ready to make use of it

Constitutional Court Member: Regardless Drawbacks New Draft Constitution is Considered a Step Forward

Political expert: Turkish authorities make a miscalculation by calling snap parliamentary elections

Head of Russian Sports Federation: Sports laws oblige Azerbaijan to permit Henrikh Mkhitaryan's entry to Azerbaijan

LOT (Poland) to resume flights to Yerevan on 1 Jan 2016

To mark the 150th anniversary HSBC will allocate US$150m in community projects and local charities

Official investigation of the case against the policeman who had hit an elderly man, is suspended

EEU: The EEU Treaty allows the authorized veterinary bodies of the member-states to unilaterally apply temporary bans and restrictions on the products

Jermuk branch ensured three-fold increase of capture portfolio and became the winner of the contest among the VTB Armenia Bank

Beeline is recruiting local sales experts

"No to Plunder!" Initiating a New Wave of Disobedience

VivaCell-MTS provides broadband Internet, IP telephony and IP TV services to Central Bank's facilities in Dilijan

Turcologist: Aggravation of domestic political situation in Turkey to increase threats to Armenian community

Armen Martirosyan: Heritage leader's stand on constitutional reforms in tune with Heritage Party's stand

Regional

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. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields
Classifieds

ArmInfo News Agency -vacanсy

TITLE: Russian – English Translator LOCATION: Yerevan, Armenia EMPLOYMENT TYPE: Part-time JOB DESCRIPTION: ArmInfo News Agency is looking for a Russian-English translator to work evening shifts. Graduates are encouraged to apply. APPLICATION DEADLINE: 15 July 2015 PROBATIONARY STATUS: at least 1 month depending on the progress