ArmInfo awards certificates to winners of interbank opinion poll ‘The
Best Competitor’

2010-01-22 16:22:00

ArmInfo. The winners of the interbank opinion poll "The Best
Competitor" held by the financial-analytical service of the Agency of
Rating Marketing Information (ArmInfo) have been awarded certificates.
The poll is held twice a year and sums up the assessments of banks and
their departments concerning the quality of their competitors, i.e.
the banking market participants.

The poll covered such spheres and segments of banking as level of
management, corporate management, participation in financing of small
and medium enterprises (SME), crediting of large business, activity in
the market of consumer and mortgage crediting, level of work in the
currency market, activity in the sphere of card business, work in the
market of money transfers, in the market of government securities and
corporate debt. The level of technological equipment of the
competitors was also assessed. As a result of 60 top managers’
interbank cross public opinion poll of 19 commercial banks of Armenia,
8 banks have taken the lead: ACBA-Credit Agricole Bank, HSBC Bank
Armenia, Ardshininvestbank, INECOBANK, Unibank, Armeconombank,
ArmSwissBank and Ameriabank.

The certificate in the nominations "Level of management" and "Level of
participation in SME financing" has been awarded to ACBA-Credit
Agricole Bank; the certificate in the nominations "Level of corporate
management" and "Level of technological equipment" has been awarded to
HSBC Bank Armenia; the one in the nominations "Level of crediting of
large business" and "Level of work in the currency market" – to
Ardshininvestbank; the one in the nominations "Level of activity in
the mortgage market" and "Level of activity in the market of money
transfers" – to Unibank; in the nomination "Activity in the market of
plastic cards" – to Armeconombank; in the nomination "Activity in the
market of government securities" – to ArmSwissBank; in the nomination
"Activity in the market of corporate debt" – to Ameriabank; in the
nomination "Level of activity in the market of mortgage crediting" –
to INECOBANK.

The final indices of the poll, i.e. the averaged interest points for
all the nominations have demonstrated that the professional
participants in the market highly estimate the level of work of the
determined leading banks: ACBA- Credit Agricole (48,3% of possible
100%), Armeconombank (47,3%), Converse Bank (47,3%), Ardshininvestbank
(46,7%) and HSBC Bank Armenia (46,6%). The top ten includes also
Unibank, INECOBANK, ARARATBANK, VTB Bank (Armenia) and Ameriabank.

To note, over the period starting 2005, when the first poll was held,
Armeconombank and INECOBANK have maintained their leading positions
for plastic cards and consumer credits respectively. Since 2007
leading positions have been maintained by HSBC Banks Armenia for two
nominations – level of corporate management and technological
equipment, and Unibank for money transfers. It is noteworthy that the
subjective professional opinion of the Armenian banking community,
that has been reflected in the results of the poll, mainly reflects
real scene of banks’ activity in certain banking spheres with small
distortions.