AMERIABANK PAYS ANNUAL BONUSES TO ENCOURAGE EMPLOYEES

NOYAN TAPAN
APRIL 8,2009
YEREVAN

Irrespectively of developments on the financial market, Ameriabank will
pay annual bonuses to encourage its personnel. The Board of Directors
of the Ameriabank CJSC has made this decision after discussing the
results of 2008 activities and taking into account an unprecedented
growth of several indicators of the bank’s performance. The Board
keeps to the personnel policy of its strategic partner Troika Dialog,
aimed at creating and maintaining the best work team.

Currently, world economic crisis forced many businessmen to cut jobs
and reduce salaries. However, unfavorable economic conditions haven’t
prevented the Ameriabank from implementing the tasks of its personnel
policy: to leverage proper motivation, build and keep the best team.

As Ameriabank reported, the bank has elaborated and introduced a
new "360-day evaluation system", which enables to apply a special
integrated approach to the performance of every employee and allows
to increase a salary in several steps for a certain position.

Ameriabank is a corporate investment bank, which offers corporate,
investment and limited individual banking services, by providing with
a complete package of banking solutions. The Chairman of the Board
of Directors of Ameriabank is Mr. Ruben Vardanian, and the Chairman
of the Management Board-General Director is Mr. Artak Hanesian. The
startegic partner of the ba nk is the "Troika Dialog" group, one of
the biggest investment banks of Russia.