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Ameriabank Joins UATE, Marking a Groundbreaking Partnership between the Financial and Technological Sectors

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UATE and Ameriabank have announced a groundbreaking partnership in the fintech sector, whereby Ameriabank has become a member of the Union of Advanced Technology Enterprises (UATE).

As a Change Maker in the industry, Ameriabank has joined UATE, which unites 250+ tech companies, reaffirming the bank’s strategic positioning and its commitment to following the digital transformation path.

The objective of this partnership between the two strategic sectors is to establish a fintech ecosystem and foster a new culture of collaboration in Armenia, which will contribute to the development and progress of both sectors.

The launch of the partnership was announced during UATE monthly meeting, held as part of the Sevan Startup Summit.
 

About UATE

The Union of Advanced Technology Enterprises is the technological association of Armenia, the pillar of the country’s high-tech ecosystem. The mission of UATE is the development of Armenia's technological sector and driving the scientific and technical modernization of the country. The primary areas of UATE’s activity are the protection of the interests of companies in the sector, development of human potential and promoting Armenia's presence in the global market of technological solutions. Established in 2000, UATE currently unites 250+ member companies, positioning UATE as one of the oldest and largest business associations in Armenia. 
 

About Ameriabank

Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In pursuit of digital transformation, the Bank has implemented unique products, services and innovative platforms designed to meet the diverse financial and non-financial needs people have today and keeps on improving them.

Being a dynamically developing fintech environment, Ameriabank offers comprehensive solutions to improve the quality of life.

 

The Bank is supervised by the Central Bank of Armenia.

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image Macro Update – Georgia - TBC Capital

21.08.2025.14:36

What’s Left of the Good Time Buffer?

 

  • While net inflows are still improving, GEL deposits are growing steadily in the banking system and the NBG continues reserve replenishment, we question how much of the “Good Time Buffer” i.e. deposits excessively converted to the FC and credit in LC, currently supporting the GEL, is left for now;

     

  • Having in mind the number of other drivers such as net inflows, fiscal balance, the share of cash in monetary aggregates and corresponding effect on credit side as well we estimate the approximate volume using three different scenarios based on deposit larization dynamics;

     

  • Based on various assumptions of deposit and credit trends, we estimate so called buffer initially to stand around $ 1 billion;

     

  • Another proxy may be the NBG selling net $875 million from FX reserves in May-October 2024 and, thereafter, purchasing a modest $153 million in November-February, while scaling up to $1.5 billion net purchases since March up to date, per on our estimates, other drivers also being in play;

     

  • Finally, we conclude that currently a substantial amount though less than half of total still appears to be left over from the buffer, set to continue supporting the GEL going forward unless sentiments deteriorate again.

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