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Fundamentally, Armenia may be pro-Russian but it does not mean that it may be pro-Putin, Richard Giragosian says

Ex-defense minister of Armenia: NKR Defense Army brilliantly conducted a risky special operation

Seyran Ohanyan: Parts of Armenian helicopter downed by Azerbaijan to be submitted for examination

Armenia confirms it will participate in Baku 2015 European Games, Patrick Hickey says

OSCE Minsk Group Co-Chairs' Nov 19 statement changed due to Azerbaijan's hysteria

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Armenia's banks have opportunity to expand their customer base in regions

Armenian Special Forces' actions excite admiration but they do not justify the criminal negligence of Armenian leadership, Artsakh war veteran says

NKR Defense Army Special Forces recover remains of downed Mi-24 helicopter crew

Minister advises Armenian jewelers to hire Indian diamond-cutters to enhance labor efficiency

In 2014 Armenia reduced imports of rough diamonds mostly due to decline in supplies to Russia

Karen Mirzoyan: Karabakh authorities have been taking all the necessary steps for returning of the bodies of the members of MI-24 crew

Every third resident of Armenia is "statistically" poor

Vahe Hakobyan dismissed from the position of the Head of Armenia's Water Management Committee

Ameria Management Advisory enlarges geography of its activities

David Babayan: James Warlick has de facto recognized the presence of a state border between Nagorno-Karabakh and Azerbaijan

MP from Armenian National Congress: Non-power parliamentary forces should be guided by statements of Ruben Hakobyan rather than Raffi Hovannisian

Raffi Hovannisian: Such a short distance between Armenian helicopter and Azeri positions raises numerous questions to Armenian command

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View from Moscow: Accession to Eurasian Economic Union will not increase number of Armenian citizens migrating to Russia

Expert: Developments in domestic political life of Armenia by no means comply with geopolitical processes in the world

France advocates returning Armenian pilots' bodies to Armenia

Russian professor: In case of the economic crisis growing, we have to expect much outflow of migrants from Russia

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Green activists again find violations at small hydro power plants (HPP) "Khachaghbyur-1" and "Khachaghbyur-2"

Surfactant saves lives of 135 premature babies in Armenia

Beelines supports repair of Artanish Cultural Center's roof

Stepanakert: Nagorny Karabakh Defense Army bears no relation to murder of Azerbaijani soldier

Head of Water Management Committee still performs his duties

Cooperation agreement between ACBA-CREDIT AGRICOLE BANK and VTB Bank (Armenia) opens up new opportunities for their cardholders

Azerbaijani Defense Ministry surprised at OSCE Minsk Group Co-Chairs' statement

Expert: Progress in Iran's nuclear talks with the West will not cause changes in its relations with the South Caucasus nations

Expert: Latest geopolitical shifts have given Iran good ground for active foreign political moves

Heritage Party discontented at decision of Parliament Commission for Foreign Affairs

Azerbaijan's parliament vice speaker qualifies OSCE MG co-chairs' statement as absurd

Armenia not to exchange Azeri raiders for bodies of three pilots of downed Armenian helicopter

Piano Battle in Yerevan: Germany's Piano Virtuosi Andreas Kern vs Paul Cibis

ACBA-Credit Agricole Bank, World Vision Armenia and Hayastan All Armenian Fund open Education Center in Gavar

OSCE co-chairs urge Azerbaijan to permit recovery of bodies of crew of shot-down Armenian helicopter

United States again uses just declarative phrases to comment on shooting down of Armenian helicopter by Azeris

Mass media: Robert Kocharyan and a group of oligarchs are going to repay Armenia's foreign debt

Armenian FM using all possible contacts to find out what has happened to crew of Armenian helicopter downed by Azeris

Tbilisi: Nothing is being done to reopen Abkhazian railway

Beeline and "Professionals" Foundation to cooperate under youth programs

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PACE condemns Azerbaijan's use of prisoner transfer treaty in 'Safarov case'

Iran's Ambassador displeased with situation in Nagorno-Karabakh conflict zone

Nagorno-Karabakh conflict isn't resolved because of Baku's approaches

Expert: By its behavior Azerbaijan has launched an open challenge against international structures

Parliamentary opposition refuses to negotiate with Government

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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