Rocket Line - now for 60 months: Idram and IDBank

 Friday, May 17 2024 18:45:05
Rocket Line - now for 60 months: Idram and IDBank

ArmInfo.What if we tell you that Rocket Line is now for longer period than you expected? Yes, we do everything possible so that you have the most comfortable conditions for your daily payments.

4-fold growth in money transfers from Russia to Armenia
 Tuesday, February 21 2023 12:15

ArmInfo. Last year saw a rapid growth in individual money transfers from Russia to Armenia - a 4-fold growth, up to $3.6bln. 

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HSBC Armenia named as "Market Leader" by Euromoney 
 Monday, February 20 2023 13:43

ArmInfo. HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been awarded two recognitionsbythe reputable "Euromoney"publication. This is stated in  the official statement of HSBC Bank Armenia.

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EBRD, GCF grant $4 million loan to HSBC Bank Armenia under GEFF
 Friday, February 17 2023 10:04

ArmInfo.Armenia's private sector will benefit from new green technology financing thanks to the funding from the European Bank for Reconstruction and Development  (EBRD) and a concessional finance from the Green Climate Fund (GCF),  provided to HSBC Bank Armenia under the EBRD's Green Economy  Financing Facility (GEFF).

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A New Branch of Ameriabank has Opened its Doors in Yerevan, with Special Offers for Clients 
 Wednesday, February 15 2023 20:31

ArmInfo.Ameriabank continues expanding its branch network to be closer to its clients in their communities. This time, the new branch of Ameriabank has opened its doors in Avan administrative district of Yerevan.  “Avan” is the 25th branch of Ameriabank.

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Foreign currency business loan starting at 6%
 Tuesday, February 14 2023 15:43

ArmInfo.AraratBank, consistent with its customer-centric policy and in view of the demand for low-interest loans, kicks off a new credit offer for both small and medium-sized enterprises and major customers.

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EDB reports record money transfers to Armenia, Central Asia last year
 Tuesday, February 14 2023 13:24

ArmInfo. According to the estimates by experts of the Eurasian Development Bank (EDB), private money transfers to Armenia, Kazakhstan, Kyrgyzstan and Uzbekistan totaled $2.6bln last year - a 1.9-fold growth as compared with 2021.

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CBA official hopes no considerable rise in interest rates in coming  years
 Friday, February 10 2023 12:38

ArmInfo. The share of foreign-exchange mortgage loans in the Armenian commercial banks' loan portfolio has been 17% over the last five years, Hovhannes  Khachatryan, Vice-Chairman of the Central Bank of Armenia (CBA),  stated in Parliament on February 10.

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EDB to increase investments in Armenia
 Friday, February 10 2023 12:01

ArmInfo.The Eurasian Development Bank (EDB) intends to increase investments in Armenia, EDB Country Director Armen Melikyan stated at his meeting with  Armenia's Minister of Economy Vahan Kerobyan. Attending the meeting  was also Denis Ilin, Vice- Chairman of the EDB Management Board, and  Deputy Minister of Economy Narek Teryan.  

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Armenia`s commercial banks, lending agencies to issue consumer and  mortgage loans in AMD terms only
 Friday, February 10 2023 11:18

ArmInfo. Armenia's commercial banks and lending agencies will from now on issue consumer and mortgage loans in AMD terms only. Armenia's Parliament is  discussing the draft amendments to the Law on Currency Control. 

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For first time in Armenia, Ameriabank added new Visa Card  Subscription feature to MyAmeria mobile app
 Thursday, February 9 2023 19:12

ArmInfo.Ameriabank has added a new Visa Card Subscription feature to the MyAmeria mobile application - a subscription to a Visa card, which is the first and only one of  its kind in Armenia. This allows MyAmeria users to see the foreign  platforms they have attached their Visa card to as a payment method  in the last 13 months. This is noted in the message of Ameriabank.

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The Power of One Dram for Artsakh
 Thursday, February 9 2023 17:28

ArmInfo.In February and March 2023, "The Power of One Dram" will support a project to install solar water heaters in Artsakh.

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Armenia in the global financial and economic map, where to start?  
 Thursday, February 9 2023 11:11

ArmInfo.Amundi-Acba brought together the leaders Armenian different sectors, to discuss the current challenges and perspectives on global macroeconomics, asset management strategy, as well as crypto-assets and block chain.

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“I considered myself successful, when I came back to my village and established the first business”, Chef Yura Sargsyan
 Wednesday, February 8 2023 17:37

ArmInfo. Chef Yura Sargsyan is from Tsaghkunk community of Gegharkunik region, which is already famous for its gastro tourism. Yura has founded two guesthouse-restaurants here, and people from around the world come here to taste his food.

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Ameriabank provides business loans totaling over AMD 14 billion to  renewable energy sector
 Tuesday, February 7 2023 17:37

ArmInfo.In the past two years, Ameriabank has loaned over AMD 14 billion to the renewable energy sector.  

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EBRD, Central Bank sign Memorandum to support  CBA in Digital  Transformation of Financial Market Infrastructure in Armenia
 Monday, February 6 2023 20:22

ArmInfo. The European Bank for Reconstruction  and Development (EBRD) and the Central Bank of Armenia signed a  memorandum under EBRD-KEXIM Joint Consultation Knowledge Sharing  Programme (KSP) with the aim to support the CBA in Digital  Transformation of Financial Market Infrastructure in Armenia. Many  thanks to @KFTC for their continued support for this initiative.  . 

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Plastic bank card blank seller tries to break into analytics market  with analytics stolen from ArmInfo
 Friday, February 3 2023 18:13

ArmInfo.Vahagn Mesropyan, the head of the Armenian company "Alfa Group" representing the "CardMaster" brand in our country, which specializes in the  production of blanks for bank cards, decided to significantly  increase his business reputation by plagiarizing banking analytical  materials from the ArmInfo information company. 

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Armenian Finance Ministry, WB representatives outline future joint  projects
 Friday, February 3 2023 17:59

ArmInfo.On February 3, Minister of Finance of Armenia Vahe Hovhannisyan received World Bank (WB) Regional Director for South Caucasus Sebastian Molineus and Molineus and Country Manager of the World Bank for Armenia Carolin Geginat.

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Converse Bank receives its second award this year
 Friday, February 3 2023 11:51

ArmInfo.Converse Bank’s activities once again have been highly appraised by our international partner. Based on our activities in 2022, the Bank was awarded Visa’s ‘Visa Direct’ award for increased number of ‘card to card’ transactions via visa card and the speed, frequency and quality of our services.

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CBA continues to increase countercyclical capital buffer, supporting  banking sector`s resilience to systemic risks
 Thursday, February 2 2023 17:26

ArmInfo. The Central Bank of Armenia continues to increase the premium to the capital adequacy ratio buffers- countercyclical capital buffer, the rate of which from  August 2023 will reach 1.5% of risk-weighted assets. As noted on the  official website of the Central Bank of Armenia, the purpose of  increasing the " countercyclical capital buffer is to support the  stability of the banking sector to systemic risks that have a high  probability of materialization.

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CBA: From H2 2023, inflation will gradually approach targeted 4% in  Armenia
 Tuesday, January 31 2023 22:20

ArmInfo. The Central Bank expects that the inflationary impact on the Armenian economy emanating from the external sector will weaken. Chairman of the  Central Bank of the Republic of Armenia Martin Galstyan stated this  on January 31 at a press conference.

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News
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
Read more


Exchange rates
17.05.2024
RUB4.26-0.01
USD387.60-0.49
EUR420.12-1.81
GBP490.31-1.36
CAD284.16-0.61
JPY24.87-0.22
CNY53.63-0.14
CHF426.22-3.84


Experts
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Expert on Armenia`s international trade growth against Expert on Armenia`s international trade growth against "miserable  trade pattern"  
Expert: Armenia should use Georgian, Turkish transit opportunitiesExpert: Armenia should use Georgian, Turkish transit opportunities
Read more

Commented
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in ArmeniaGevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in Armenia
Bank of Georgia announces proposed acquisition of Ameriabank for  $303.6 millionBank of Georgia announces proposed acquisition of Ameriabank for  $303.6 million

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2