Top Ameriabank official: Armenia’s banking sector hasn't seen defaults for 16 years PanARMENIAN.Net - Hovhannes Khachatryan, head of Assets, Liabilities and Capital Management Division at Ameriabank, has in a recent interview spoken about what makes Armenia’s banking sector different from that of Russia, what kind of technologies help it move forward and what are Ameriabank’s market consolidation plans. Nevertheless, local banks successfully compete with them, and Ameriabank, as a private local bank, has been holding the lead for many years. It has been instrumental in helping local banks avoid defaults over the past 16 years. After the consolidation in the Armenian banking sector is over, over in our favor, we will be able to redistribute our resources and begin foreign expansion. After the consolidation in the Armenian banking sector is over, over in our favor, we will be able to redistribute our resources and begin foreign expansion.