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Ameriabank Opens Its First Branch In Nagorno-Karabakh

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  • Ameriabank Opens Its First Branch In Nagorno-Karabakh

    AMERIABANK OPENS ITS FIRST BRANCH IN NAGORNO-KARABAKH

    ARKA
    Nov 10, 2008

    STEPANAKERT, November 10. /ARKA/. Ameriabank of Armenia has opened
    its first branch on the territory of Nagorno-Karabakh.

    Along with traditional banking services, the branch will also be
    developing new investment banking services that have not been utilized
    in the banking systems of Armenia and Karabakh yet, General Director
    of Ameriabank Artak Anesyan said.

    Support is to be provided to small, medium and major businesses,
    Anesyan said adding that the bank will be extending mortgage and
    consumer credits and will be financing leasing and factoring projects.

    The Stepanakert branch has about 1,000 clients today and the number of
    clients is expected to grow by seven times up to 7,000 in yearly terms.

    The banking services, technical equipment and the service level in
    the new branch will be in line with highest international standards
    and will not yield to the Yerevan Central Office, says the banks'
    press release. An online system is to link the Stepanakert Office
    with that in Yerevan.

    The branch opening ceremony was attended by the Premier of
    Nagorno-Karabakh republic (NKR) Ara Hatutiunyan, Chairman of the
    Central Bank of Armenia Artur Javadyan and the Head of Artsakh diocese
    of Armenian Apostolic Church Parkev Martirosyan.

    Ameriabank (formerly Armimpexbank) was established in July 1992 as
    the Armenian branch of the USSR Vnesheconombank. On September 8,
    1992, the Central Bank of Armenia issued a license to the bank.

    TDA Holdings Limited, affiliate of the Russian Troika Dialog Investment
    Company, became the bank's principal shareholder (96.15%). In May
    2008 the bank was renamed Ameriabank.
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