VTB BANK (ARMENIA) AND AMERIABANK JOINTLY DEVELOP PAYMENT CARDS
ARKA
OCTOBER 22, 2009
YEREVAN
YEREVAN, October 22. / ARKA /. CJSC VTB Bank (Armenia) and CJSC
Ameriabank continue to expand cooperation in the joint operation of
POS-terminals in the trade and customer service points.
Since the end of September 2009 a new agreement on cooperation between
the two banks came into effect.
This creates the real prerequisites for the increase in the items of
trade and services, equipped with the latest technology, providing
additional comfort and the possibility of large sections of the
population territory of Armenia, the press service of CJSC Bank VTB
(Armenia) and CJSC Ameriabank.
"Under this agreement Ameriabank will use the services of VTB Bank’s
processing center in Armenia, in particular, for the acquiring of
payment cards," the press release stated.
Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the
VTB Group in April 2004. Currently the bank VTB is the full owner of
Bank VTB (Armenia) closed joint stock company.
By the end of March 2009, the bank’s assets had totaled 105.8bln
Drams (7% increase against Q4 2008), credit portfolio – 74.2bln
Drams (5% increase), total liabilities – 81.9bln Drams (9% increase),
liabilities to clients – 33.3bln Drams, total capital – 23.9bln Drams,
authorized stock – 13.9bln Drams; net losses were 136mln Drams in
January-March 2009.
Ameriabankwas established in July 1992 on the basis of 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 August
2007. In May 2008 the bank was renamed Ameriabank.
Armenian Stock Exchange awarded a status of market-maker of the bonds
of IMEX Group to Ameriabank on November 3 2008.
The bank’s assets grew by 65.1% up to 80.9bln Drams in the first
quarter of 2009, which is a 3.8-time increase as compared with the
same period of last year.
The bank’s liabilities were 60.4bln Drams in the first quarter of 2009
and total capital was 20.51bln Drams. Authorized stock totaled 18.2bln
Drams by the end of the first quarter. The bank’s credit investments
were 32.8bln Drams in the period with liabilities to clients totaling
53.8bln Drams.
Net profit after taxes amounted to 113.6mln Drams in January-March
2009 – an increase of 110.2% as compared with 54mln Drams in the
beginning of the year.