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Edward Nalbandian: Armenia wants to start a dialogue on abolishment of visa regime with EU

Edward Nalbandian: Unlike Azerbaijan, Armenia has been consistently proving its adherence to the principles of international law

No third tailing dump in Tukhmanuk

Edward Nalbandian: Turkey, which is striving to the EU, has shut down the border to the neighboring state, whereas a principle of free movement at the EU territory is one of the basic norms

Ali Hasanov: If international organizations can not resolve the conflict, let them step aside and the two neighboring states solve the problem themselves

Vladimir Dorokhin: None of the Azerbaijanis detained at the territory of Armenia are Russian citizens

"Mika cement" to replace owner

Deputy Prime Minister of Azerbaijan: The Azerbaijani people do not believe the OSCE Minsk Group

OSCE representative concerned about Armenia court decision forcing media outlets to disclose sources

The NKR Minister of Foreign Affairs received the Head of the ICRC Mission in Nagorno-Karabakh

Members of Karabakh parliament made a statement to protect Levon Hayrapetyan

"Vallex" Group celebrates Miner's Day

Commandos: Levon Hayrapetyan's arrest is a result of hard work of Azerbaijani and Russian secret services

Ivan Kukhta: The government of Ukraine owns irrefutable evidence of separatists' blame for the crash of the Malaysian Boeing

According to the results of the first half of 2014, growth rates of Ameriabank's indices exceed average market level

ACBA-CREDIT ACRICOLE BANK and American Express have announced the launch of new card "The ACBA-CREDIT AGRICOLE BANK American Express® Cash Back Card"

No visa regime between Georgia and Armenia

Vahagn Hovnanyan: It is necessary to hold a protest action in front Russia's Embassy in Armenia to support Levon Hayrapetyan

Political expert: Growth of tension at the border is a regular ill-fated expression of complexes by Azerbaijan

James Warlick: The number of incidents and resulting deaths and injuries is also a setback in our efforts to work with parties to find a lasting peace

Lake Sevan is on the verge of environmental disaster

Life of the three persons injured in Kashatagh as a result of a landmine explosion is out of danger

EU welcomes ruling of Turkish Constitutional Court regarding investigation into the 2007 murder of Turkish- Armenian journalist Hrant Dink

Armavir mayor's car explodes in mine-studded territory of Kashatagh

Newspaper: Armenian oligarch's company worked in the shadow

Nagorno-Karabakh Police publish details of the case of Azeri saboteurs

Eastern Partnership countries cannot join European Union within the next 5 years

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RESO Insurance Company compensates for damage under hull insurance in 90.9% of cases

VTB Bank (Armenia) and Visa announce the launch of Summer with VTB campaign

Orange Foundation opens a Youth center in Chinari and a computer center in Zorakan in Tavush region

ICRC Yerevan Office holds negotiations to organize a meeting with Azeris detained in Armenian territory

Hakob Sanasaryan: Armenia has chosen the path of destroying its water resources

ICRC Yerevan Office maintains regular contacts with residents of borderline villages

Areximbank-Gazprombank Group's profit increases by 56.1% and capital grows to 21.9 bln AMD

Levon Ter-Petrosyan: the authorities of Armenia are going to replace the "carrot" of the PAP by the "stick"

Ankara has put forward a plan to form a free trade zone with the Customs Union

Ankara's wish to create free trade zone with Customs Union has a dim prospect for Armenia

Levon Ter-Petrosyan: The delay of Armenia's joining Eurasian Economic Union is conditioned by the demand of the EAEU to set a check point at the border to Nagornyy Karabakh

Levon Ter-Petrosyan: The reaction of the Armenian party at the Azerbaijani invasions is quite guarded and inadequate

Sharmazanov to Ter-Petrosyan: It is unacceptable to speculate the Karabakh issue for the political goals

The Golden Apricot Yerevan 11th International Film Festival has come to its end, the official website reports

Rostelecom services available in the center of Yerevan

Regional

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Caucasian Muslims Department (CMD) opens an office in Iran, next will be Saudi Arabia

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Blogger Abdul Abilov sentenced to five and a half years

Vugar Aliyev committed to strengthening the responsibility of Internet resources

Civil society urges Aliyev to defend democracy

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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