Yerevan/Mediamax/. Ameriabank team won the annual “Online Bank Management Contest”, which is held among European banks.

Mediamax reports that Ameriabank Development Director Tigran Jrbashyan informed today that the idea of the competition was the efficiency of asset and liability management of the virtual bank in a crisis situation, and Ameriabank team, which consists of 4 people, occupied the first place in it. “We were recognized the best as to “market cost of own stocks” and “risk management” components, as well as according to the final results”, Tigran Jrbashyan said.

According to him, authoritative banks, such as the Netherlands ING, Czech CSOB and Belgian Dexia Banking Group with a staff of 36 thousand people, participated in it. The latter won last year in the global finale of this competition. In the global finale of “Online Bank Management Contest”, which will take place in August, 2011 in New York, Europe will be exclusively represented by Ameriabank. Winners of analogous competitions, held this year in North and South Americas, Asia and Africa, will compete with the Armenian bank.

This competition on bank management is organized by Dutch SimArc NV organization jointly with New York Institute of Finance and European Savings Banks Group. The contest was held with the help of FirstB@nak network software system.

Head of the Bank’s Risk Management Department Andranik Barseghyan, Head of Asset and Liability Management Department Hovik Khachatryan, Chief Risk Management Specialist Vahram Hakobyan and Head of the bank’s Strategy Department Hovhannes Toroyan participated in the competition on behalf of Ameriabank.