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AMERIABANK (ARMENIA) TO INSURE DEPOSITS AT ROSGOSSTRAKH-ARMENIA
ARKA
Dec 16, 2008
YEREVAN, December 16. /ARKA/. Ameriabank (Armenia) will insure all
the deposits of its clients at the Rosgosstrakh-Armenia insurance
company under a contract signed with the company.
At his press conference at the Novosti international press center,
Artak Anesyan, CEO, Ameriabank reported that, under the law, the
Deposit Insurance Fund provides guarantees for deposits within 2mln
AMD, and all the deposits at Ameriabank exceeding this amount will
be insured by the Rosgosstrakh-Armenia company.
"We afford ampler opportunities to our clients - from now on, any
individual deposit in terms of any currency will be fully insured,"
Anesyan said.
He pointed out that the total amount of individual deposits exceeding
2mln AMD to be insured at Rosgosstrakh-Armenia exceeds $8mln. Anesyan
said that not only new, but all the deposits at the bank are liable
to insurance.
"Our clients can arrive at the bank to get their insurance policies,"
he said.
According to him, this is one more opportunity for clients to keep
their money at one bank with guarantees of return.
Anesyan pointed out that the bank provides guarantees for all the
deposits due to its financial leverage.
The Armenian banks' average financial leverage index is 4, that of
Ameriabank being 1.05.
As regards the insurer, Anesyan said that not all Armenian insurance
c ompanies have necessary licenses.
"Moreover, Rosgosstrakh-Armenia is a most reliable strategic partner
of Ameriabank so the first step has been made jointly with them. The
company's authorized capital allows the deal to be effected, and what
is more all the risks will be reinsured abroad," Anesyan said.
He added that the bank is ready to consider similar proposals of
other insurance companies. He pointed out that the Rosgosstrakh
group of companies, one of the largest insurers in the Commonwealth
of Independent States, will act as re-insurer of risks.
"We decided to insure individual deposits because they are most
vulnerable. At the same time, it will enable us to increase the total
amount of fixed deposits, bolster clients' confidence and improve
their reliability," Anesyan said.
The Central Bank of Armenia (CBQ) registered the Rosgosstrakh-Armenia
CJSC on May 28, 2008, with an authorized capital of 500mln AMD
(about $1.6mln).
The company was founded by the Rosgosstrakh insurance group.
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=2 0Ameriabank.
As of September 30, 2008, the bank's authorized capital totaled 17bln
AMD, assets 41.8bln AMD, total capital 18.8bln AMD, credit investments
23.4bln AMD. January through September, the bank's profits reached
429.4mln AMD.
ARKA
Dec 16, 2008
YEREVAN, December 16. /ARKA/. Ameriabank (Armenia) will insure all
the deposits of its clients at the Rosgosstrakh-Armenia insurance
company under a contract signed with the company.
At his press conference at the Novosti international press center,
Artak Anesyan, CEO, Ameriabank reported that, under the law, the
Deposit Insurance Fund provides guarantees for deposits within 2mln
AMD, and all the deposits at Ameriabank exceeding this amount will
be insured by the Rosgosstrakh-Armenia company.
"We afford ampler opportunities to our clients - from now on, any
individual deposit in terms of any currency will be fully insured,"
Anesyan said.
He pointed out that the total amount of individual deposits exceeding
2mln AMD to be insured at Rosgosstrakh-Armenia exceeds $8mln. Anesyan
said that not only new, but all the deposits at the bank are liable
to insurance.
"Our clients can arrive at the bank to get their insurance policies,"
he said.
According to him, this is one more opportunity for clients to keep
their money at one bank with guarantees of return.
Anesyan pointed out that the bank provides guarantees for all the
deposits due to its financial leverage.
The Armenian banks' average financial leverage index is 4, that of
Ameriabank being 1.05.
As regards the insurer, Anesyan said that not all Armenian insurance
c ompanies have necessary licenses.
"Moreover, Rosgosstrakh-Armenia is a most reliable strategic partner
of Ameriabank so the first step has been made jointly with them. The
company's authorized capital allows the deal to be effected, and what
is more all the risks will be reinsured abroad," Anesyan said.
He added that the bank is ready to consider similar proposals of
other insurance companies. He pointed out that the Rosgosstrakh
group of companies, one of the largest insurers in the Commonwealth
of Independent States, will act as re-insurer of risks.
"We decided to insure individual deposits because they are most
vulnerable. At the same time, it will enable us to increase the total
amount of fixed deposits, bolster clients' confidence and improve
their reliability," Anesyan said.
The Central Bank of Armenia (CBQ) registered the Rosgosstrakh-Armenia
CJSC on May 28, 2008, with an authorized capital of 500mln AMD
(about $1.6mln).
The company was founded by the Rosgosstrakh insurance group.
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=2 0Ameriabank.
As of September 30, 2008, the bank's authorized capital totaled 17bln
AMD, assets 41.8bln AMD, total capital 18.8bln AMD, credit investments
23.4bln AMD. January through September, the bank's profits reached
429.4mln AMD.