Tue, 8 July
31.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Ameriabank considering purchase of bank in Georgia

YEREVAN, October 21, /ARKA/. Armenian Ameriabank is considering the possibility of buying a bank in neighboring Georgia, Ameriabank marketing director, Tigran Jrbashian, told a news conference October 20.

He said the plan was prompted by established contacts with Georgian peers and the similarity of Georgia’s and Armenia’s banking legislations.

He said also America group of companies opened an office in the USA in the third quarter of the year. According to him, many American-Armenians have become its customers seeking advice and consultations. He said many of them want to buy homes in Armenia. He said soon the American office will accept deposits and offer money transfer services.

Tigran Jrbashian said also Ameriabank plans to open Komitas branch in Yerevan that ‘will become one of the best branches in Yerevan due to its convenient location.’ Today the bank has eight branches across the country. Another, Shengavit, branch is under construction.

Vanadzor and Moskovian branches opened this year operate successfully and are ready to handle more customers, Jrbashian said.

The changes that Armenia’s economy has undergone since the global crisis are not sufficient to reverse the negative impact of a possible second wave, Tigran Jrbashian said, adding that the first crisis had a very interesting impact on Armenia.

“It made us seriously reconsider the investment preferences, the share of the construction sector in GDP has decreased on the one hand and the share of industry has increased,” he said.

Ameriabank is a universal bank that provides investment, corporate and limited retail banking services. It is owned by Troika Dialog, one of the largest Russian investment companies.-0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img