Newsfeed

Public transport drivers in Nor-Nork District in Yerevan block road to city center

Artur Javadyan: Armenia's Central Bank is not planning prescheduled revision of its refinancing rate

Armenia's CB: AMD's hyper-depreciation has been caused by panic and speculations

Small business in Armenia to be red-listed

EBRD supports Armenia's Shen Holding with US$ 9.3 million loan

Nikol Pashinyan: It is necessary to teach some MPs from the ruling party to differentiate between the Parliament and a horse stable

VTB Bank (Armenia) and MasterCard launch a joint bonus campaign for MasterCard holders

14 more Beeline offices to be equipped with e-queue systems

Cigaronne SPS enlarges its export geography

Armenia hosted the international The Hour of Code event for the first time

Armenian National Congress and Prosperous Armenia Party not to support statement condemning attack on Aram Manukyan

Oppositionist: Latest attacks on Armenian oppositionists work style of Eurasian Economic Union

South Caucasus Railway approves investment program and business plan for 2015

Elmar Mammadyarov claims Sarsang Reservoir can trigger humanitarian, environmental and man-caused disasters

Russia's western "partners" may hang a new iron curtain over post-Soviet states

Deputy Head of Armenian nuclear power plant faces embezzlement and misappropriation charges

European expert: Shift in Russia's foreign policy from the West to the East is a pledge of the West's defeat

Ameria Group raises 30.6mln AMD through a charity auction for children needing urgent treatment

RPA disrupts Armenian Parliament's special session on Aram Manukyan case

Armenia's Prosecutor General: Arshak Svazyan was released because he did not commit any grave crime

Ruben Hakobyan: Armenian parliament must and can stop the outrage in Armenia

Eduard Sharmazanov: "Parliamentary opposition dramatizes the situation"

View from Brussels: Unlike Poland, President of Belarus has managed to strengthen his positions in Ukraine due to effective mediation

ACBA-CREDIT AGRICOLE BANK's Credit-on-the-Spot service available at Beeline offices

Armenian Parliament to hold special session on Aram Manukyan case

Man suspected of beating MP Aram Manukyan released on pledge not to leave

Nazarbayev: At the end of December, Kazakhstan will ratify Armenia's accession EEU

Parliamentary opposition launches signature campaign for extraordinary meeting to discuss attacks on oppositionists

Opposition parliamentary factions demand holding of extraordinary session because of beating up Aram Manukyan and veterans of the Karabakh war

Meghradzor Gold Company cuts production for 9 months of 2014

Police detain man suspected of beating MP Aram Manukyan

Magnitude 4.3 earthquake hits Iran: shock way felt in Armenia

Son of Kotayk's ex-governor elected as Charentsavan mayor

First Armenian Church opened in Abu-Dhabi

It is not clear when Aram Manukyan will be discharged from hospital

Official investigation launched against Deputy Chief of Armenian Police

Artsakh war veterans meet at Yerablur Memorial Complex

Head of ANC Razdan territorial structure attacked

"Hraparak": Director of Armenian Nuclear Power Plant (ANPP) dismissed and deputy director arrested

Head of state and legal commission of Armenian parliament calls not to fish in troubled waters

Berkaber village's resident wounded as a result of ceasefire regime breaking by Azerbaijan

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