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Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

OSCE Minsk Group Co-Chairs express their serious concern about the increase in tensions and violence in Karabakh conflict zone

Heritage Party considers Volodya Avetisyan to be a political prisoner

Rostelecom expands its sales and customer service network

Arthur Grigoryan appointed commercial manager of mobile communication division at Beeline Armenia

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

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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

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

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No visa regime between Georgia and Armenia

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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

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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

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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

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Blogger Abdul Abilov sentenced to five and a half years

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Civil society urges Aliyev to defend democracy

Ameriabank intends to increase its card portfolio by 30% by yearend 2014

  • by Gayane Isahakyan

  • Wednesday, July 2, 20:21

 Ameriabank intends to increase its card portfolio by 30% by the yearend 2014, Mr. Arman Barseghyan, Retail Banking Director at Ameriabank, said at a press conference on Wednesday. 

"Card business development is a priority of the Bank. We have created very convenient service conditions for our customers. From now on they can make use of the 24/7 card service system from any point of the planet by dialing the round-the-clock 561111 number", said Barseghyan. He added that the customers can also make money transfers from the card accounts and make use of the Online Ameriabank service.

For his part, Mr. Tigran Jrbashyan, Development Director at Ameriabank, said that the peculiarity of Ameriabank's card business is that the Bank's customers mostly focus on non-cash payments. "The Bank holds no leading position by the number of issued cards but it is in the lead in the amount of non-cash plastic transactions", said Jrbashyan. 

In the first half of 2014 the number of cards rose by 50% and the amount of non-cash plastic transactions grew by 40% as compared with the first half of 2013.  
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 (almost 40% year-over-year growth), including nearly 36 thsd VISA, about 12 thsd local ArCa, and over 7 thsd MasterCards. As compared with the same period of 2013, the Bank increased the number of local cards almost 2-fold, and the number of VISA cards by almost 33%. The share of payroll cards was 39% (58% year-over-year growth) of the total active cards of the Bank. The Bank is also among the top 10 by the amount of its plastic transactions (nearly 78 bln in 2013, 6.6% year-over-year growth). 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). Most of the ATMs (73) are in Yerevan (2nd position in the banking system). The Bank has come close to the top 5 by the amount of funds on the credit cards (including overdrafts) with 10.5 bln AMD (40% year-over-year growth). Along with local ArCa cards, the Bank issues and services international VISA and MasterCards. 

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