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.