Converse Bank bonds were bought in primary market within days Friday, April 26 2024 16:48:00
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 ArmInfo. Within days, Converse Bank's dram coupon bonds were bought in the primary market in the amount of 5 billion drams. It is noteworthy that this tranche was put up for sale together with the dollar bonds on April 17, and within a week the dram bonds were fully distributed. This is noted in a message from Converse Bank. |
Monday, August 7 2023 13:45
ArmInfo.Experts of the Eurasian Development Bank (EDB) forecast near-zero inflation for the third quarter of this year. Among the factors are AMD appreciation, reduced price pressure and monetary restraints. >>> |
Friday, August 4 2023 18:03
ArmInfo.Fitch Ratings has upgraded Ardshinbank CJSC's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' with a stable outlook. At the same time, the bank's Viability Rating (VR) upgraded from "b+" to "bb-", highlighting the bank's strengthened position in Armenia's banking system and its exceptional financial performance. >>> |
Thursday, August 3 2023 16:55
ArmInfo.On August 3, IDBank will issue the 2nd dollar tranche of registered coupon bonds under the abbreviation AMANLBB2MER6 with the following conditions. >>> |
Tuesday, August 1 2023 18:47
ArmInfo.The Central Bank of Armenia, having promptly reacted to curbing inflation, can now afford to reduce the refinancing rate for the second time. Deputy Chairman of the Central Bank of the Republic of Armenia Armen Nurbekyan expressed this opinion during today's press conference on the next reduction of the refinancing rate from 10.5% to 10.25%. >>> |
Tuesday, August 1 2023 13:01
ArmInfo. The Board of the Central Bank of Armenia (CBA) decided to reduce the refinancing rate by 0.25% - from 10.5% down to 10.25%, after two successive years of raising it up to the historical maximum of 10.75% in late in 2022, which rate remained unchanged until June 13, 2023. >>> |
Tuesday, August 1 2023 12:59
ArmInfo.As of this July, Armenia's gross international reserves (GIR) totaled $3.909 bln - an annual growth from 10.8% to 13.33% or up by $458.6 mln. Thus, Armenia's GIR has neared their historical maximum. The share of external convertible currency assets in Armenia's GIR is $3.898bln, that of SDR at the IMF is $8.9 mln. >>> |
Friday, July 28 2023 16:21
ArmInfo.Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan. >>> |
Friday, July 28 2023 16:15
ArmInfo.Areas of activity that are characterized by a high degree of profitability may be deprived of the right to be considered micro-entrepreneurship entities and, accordingly, enjoy a preferential tax regime, Armenia's Deputy Minister of Finance Arman Poghosyan told a press conference as he commented on expected changes in taxation of microbusinesses. >>> |
Friday, July 28 2023 11:19
ArmInfo.EasyPay, one of the leading fintech platforms in Armenia, is excited to introduce the highly anticipated "Invite a friend" feature in their easywallet app. The new feature includes user rewards and promotes the ease and benefits of digital payments to a wider audience. >>> |
Wednesday, July 26 2023 17:06
ArmInfo.American famous S&P Global Ratings company has improved the outlook on Ardshinbank, revising it to “Positive” from “Stable” and has affirmed 'B+/B' long-term and short-term issuer credit ratings on the bank. Thus, the rating assigned to the Bank is equal to the sovereign rating level of the Republic of Armenia. >>> |
Wednesday, July 26 2023 17:04
ArmInfo.At the end of H1 2023 two Armenian banks, Ameriabank and Ardshinbank entered the TOP-5 of the list of 1000 largest taxpayers in Armenia, ranking 4th and 5th, respectively, in annual terms (from 18th and 24th in H1 2022). This is evidenced by the data of the State Revenue Committee of Armenia. >>> |
Wednesday, July 26 2023 17:01
ArmInfo.On July 26, RA Minister of Finance Vahe Hovhannisyan received Dr. Mehdi Raissi, the International Monetary Fund (IMF) Resident Representative in Armenia in connection with the completion of his mission in Armenia and Mr. Umang Rawat, who replaced him at this post. Deputy Ministers of Finance also attended the meeting. >>> |
Saturday, July 22 2023 16:55
ArmInfo.Ardshinbank will become a partner of Sevan Startup Summit 2023, which will be held on July 23-29 on the shore of the Lake Sevan and will bring together entrepreneurs, investors, and startuppers from around the world. >>> |
Friday, July 21 2023 15:34
ArmInfo.From 21/07/2023, “Ardshinbank” CJSC terminates making money transfers via the Unistream fast money transfer system, the press service of the Bank reports. >>> |
Friday, July 21 2023 15:30
ArmInfo.On July 24 of this year, IDBank will issue a dollar tranche of registered coupon bonds under the abbreviation AMANLBB2LER8 with the following conditions. >>> |
Thursday, July 20 2023 16:13
ArmInfo. The profit growth rates of Armenian banks slowed down significantly amid the ongoing serious slowdown in lending to the economy. Thus, the net profit of Armenian banks increased by 24.8% per annum inH1 2023 (against a 2.8-fold jump in the same period in 2022), reaching 73.6 billion drams ($367.8 million), while slowing down strongly in quarterly growth from 3.4-fold to 5.2% alone. >>> |
Thursday, July 20 2023 15:53
ArmInfo.ACRA Rating agency affirmed the credit ratings of the Eurasian Development Bank (EDB) on the international scale at A-, to a outlook, and under the national scale at AAA(RU), to a outlook; note rating - A-; bond ratings - AAA(RU). >>> |
Saturday, July 15 2023 11:05
ArmInfo. July 10 to 15, 2023, saw a manifold increase in USD transactions, with a decline in RUB transactions and no EUR transactions effected for the third week running. Almost daily USD transactions were effected, with two RUB transactions effected. No transactions were effected on Tuesday. USD transactions showed a 9.8-fold increase against a 95.7% decline, with RUB transactions showing a 59.5% decline against a 26.7% decline. As a result, the total amount of USD transactions exceeded the total amount of RUB transactions 6-fold, whereas RUB transactions exceeded USD transactions 4-fold the previous week. >>> |
Friday, July 14 2023 19:41
ArmInfo.Ardshinbank has been honored with the Euromoney magazine 2023 Award of Excellence as “The Best Bank in Armenia”. This recognition is a testament to Ardshinbank's exceptional performance, innovative approaches, and leading position as the largest service provider in the Armenian financial market. The annual Euromoney Awards celebrate banking excellence and innovation, honoring banks that demonstrate strong growth, customer focus and strategic vision. >>> |
Saturday, July 8 2023 11:09
ArmInfo. July 3 to 7, 2023, USD and RUB transactions showed a decline, with no EUR transactions effected for the second week. USD and RUB transactions were effected only on Tuesday and Thursday. Specifically, USD transactions showed a 95.7% decline against a 4.1-fold growth, with RUB transactions showing a 26.7% decline against a 2.4-fold growth. As a result, the total amount of RUB transactions exceeded the total amount of USD transactions 4-fold. The previous week, USD transactions exceeding RUB 4-fold. >>> |
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