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Armenian Ameriabank Team Wins European Banking Management Contest

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  • Armenian Ameriabank Team Wins European Banking Management Contest

    ARMENIAN AMERIABANK TEAM WINS EUROPEAN BANKING MANAGEMENT CONTEST

    / ARKA /
    May 24, 2011
    YEREVAN

    The team of the Armenian Ameriabank has won the online bank management
    contest: Europe 2011 ", director of the bank's development department,
    Tigran Jrbashian, told reporters today.

    He said the team will represent Europe at the world competition in
    New York in late August.

    The Europe-2011 banking competition was organized by Dutch SimArc NV
    company, New York Institute of Finance, World Institute of Savings
    Banks and the European Savings Banks Group. According to Jrbashian,
    similar contests are held since 1992. The Armenian bank team in New
    York will compete with the winners in other four regions of North
    and South America, Asia and Africa.

    "The competition consisted of six stages. Our team modeled the
    management of the bank in a rather severe, critical situation,
    solving problems, proposed by the organizers, " Jrbashian said.

    The European phase of the global competition included the Dutch ING,
    that has a 110,000 staff, Belgian Dexia, which employs about 36 000,
    Czech CSOB.

    Jrbashian said the victory in New York will secure for the bank
    an international recognition and a place at world market, which is
    important for the success and implementation of strategic programs.

    "An important component is that through this competition we can
    test the models and ideas, which our team has now. Possibilities of
    joint work appear as well, which in our opinion is very important,
    " said Jrbashian.

    Ameriabank is a universal bank offering corporate, investment and
    retail banking services. It is owned by Troika Dialog, one of the
    largest investment companies in Russia.

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