Ameriabank dominates Armenia's car loan market with a 50% share

YEREVAN, February 14. /ARKA/. Ameriabank is the leading institution in the banking system, holding a market share of over 50% in dram car loans as of the end of last year, according to the bank's press service.

In 2024, Ameriabank's portfolio of dram car loans grew by 49% compared to the previous year.

During the same period, more than 30% of the bank's car loans were issued online via the MyCar.am platform.

The MyCar.am platform enables users to find cars tailored to their needs and budget by choosing from offers provided by leading dealers in both the primary and secondary markets. It features official offers from 40 global automakers, along with a wide selection of new electric vehicles.

In 2024, compared to the previous year, the number of cars available on the platform increased more than sixfold, while site views grew by 4.5 times during the same period.

The platform helps users save time by simplifying the process of navigating price-to-quality ratios and making the best choice. With filters, counters, and car comparison features, the platform streamlines the search and selection process.

About Ameriabank

Ameriabank is a leading financial and technological institution, and a key player in Armenia's economy. As part of its digital transformation strategy, the bank continuously introduces and enhances unique market products, services, and innovative platforms designed to meet both the financial and non-financial needs of its customers. Operating within a dynamically developing fintech environment, Ameriabank offers comprehensive solutions aimed at improving the quality of life.
The bank is regulated by the Central Bank of Armenia.