Ameriabank presented a scoring system for issuing online business  loans for SMEs at the international conference Caucasus19

ArmInfo. At the 5th international banking conference "Caucasus'19" organized by the SME Banking Club in Tbilisi, Ameriabank presented a scoring system for issuing online business credits for SMEs and achievements achieved over 5 months  from the moment of its introduction on May 17.

The press service of Ameriabank told ArmInfo that over 5 months the  growth of the clientele-SMB subjects was 60%. In the same period, in  the retail portfolio of Ameriabank SMEs, the volume of online loans  provided through the scoring system was 89%, and their number was  94%.

The conference organizers awarded certificates to the most innovative  banks in 2018, including Ameriabank.

According to the source, for obtaining automatically approved online  business loans in the amount of 1 million to 10 million drams  (https://sme.ameriabank.am/?utm_source=SME- Online & utm_medium =  Media) you can apply without interrupting your business and not  visiting the Bank. Moreover, when applying for such loans, there is  no charge for the provision and no collateral in the form of real  estate is required. To submit an application, you must go to the  Bank's website, fill out an online application and get an answer  within 5 minutes. Bank customers, who also have accounts here, are  also given the opportunity to sign a loan agreement online, thereby  transferring communication with the Bank entirely to an online  platform.

It should be noted that Ameriabank, which has been operating in the  Armenian market since October 31, 1996, is a universal bank providing  investment, corporate and retail banking services in the form of a  comprehensive package of banking solutions. The shareholders of the  bank on January 1, 2019 are the Ameria Group CY Ltd. - 56.6%, EBRD -  17.8%, Asian Development Bank - 13.98%, ESPS Holding Limited -  11.62%.