Ameriabank opens branch in Syunik, Armenia

KAJARAN, September 25. /ARKA/. On Thursday, Ameriabank opened its branch in Kajaran.

“We explored the province of Syunik and saw it is interesting to market. We see a high demand for banking services here”, Vazrik Sekoyan, the bank director on retail transactions, said at the opening ceremony.

He said Zangezur Copper and Molybdenum Combine, its personnel and residents of the province will be the bank’s clients.

Sekoyan said that after careful selection, the bank employed ten people for this branch.

Tigran Jrbashyan, development director, in turn, said that the Syunik branch has round-the-clock on-line connection with the home office in Yerevan.

He said that the services provided by provincial branches wouldn’t differ from those of the home office.

Ameriabank has also offices in Yerevan and Stepanakert.

Artak Anesyan, director general and chairman of directorial board, said that new branches are planned to be opened in Grumri and Vanadzor the next year.

The bank also intends to open another branch in Yerevan.

In his words, Ameriabank is now considering room for opening a branch in Dilijan and searching areas for establishing another office in Syunik, maybe in Kapan.

The Ameriabank CJSC (former Armimpexbank) was founded in July 1992 using the facilities of the Armenian branch of the USSR Vnesheconombank (Foreign Economy Bank). On September 8, 1992, the bank received a banking license from the CBA.

Last August, TDA Holdings limited, affiliated with Troika Dialogue, Russia’s leading investment company, purchased the bank’s shares. This May the bank was renamed Ameriabank.

Ameriabank’s assets totaled AMD 86.2 billion and liabilities 65.4 billion by late August.

The bank’s authorized capital amounts to 18.2 billion (first rank among Armenian banks).

The bank’s credit investments for Jan-June 2009 totaled AMD 31.6 billion, liabilities to clients AMD 60.4 billion and net profit AMD 5584.9 million. ($1= AMD 384.67). M.V. -0-