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Ameriabank extends its credit line offer based on non-cash expenses till end of year

01.10.2014, 14:48
Ameriabank has extended its ‘Unlimited Freedom’ offer of credit lines based on clients’ non-cash expenses till the end of this year, said Arman Barseghyan, the head of retail transactions at the bank.

Ameriabank extends its credit line offer based on non-cash expenses till end of year
YEREVAN, October 1. /ARKA/. Ameriabank has extended its ‘Unlimited Freedom’ offer of credit lines based on clients’ non-cash expenses till the end of this year, said Arman Barseghyan, the head of retail transactions at the bank.

The offer was launched in summer and enjoyed success, so the bank decided to extend it, Barseghyan said.

Clients who hold credit cards in other banks and carry out non-cash transactions can get a credit line in Ameriabank equal to up to tenfold amount of the average noncash turnover on their cards over the last six months, he said. 

The amount of the credit line is from 150,000 dramas to 1.5 million drams, depending on the amount of non-cash payments.

No other income evidence is needed, since the borrower’s solvency will be assessed based on his/her credit record for the last six months, he said.

The only condition is that monthly cashless turnover should be not less than 80,000 drams, he added.

Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in a package. 

Ameriabank is the first investment bank in Armenia. It started providing a wide range of innovative banking services in 2007. The bank has nine branches in Yerevan, Nagorno-Karabakh Republic, Kajaran, Dilijan and Vanadzor. 

The bank’s assets were 342.7 bln drams as of July 1 and liabilities were 302.5 bln drams, capital was 40.2 bln drams. Ameriabank’s profits amounted to 2.8 bln drams in the first half of 2014 (the second largest profit in Armenia’s banking system). ($1 – AMD 407.60). –0--