Global Finance: Converse Bank is Armenia`s leading bank in Trade Finance

 Friday, January 27 2023 11:11:01
Global Finance: Converse Bank is Armenia`s leading bank in Trade Finance

ArmInfo.Converse Bank wins ‘Best Trade Finance Provider’ award by Global Finance, maintaining its leading position in this field in Armenia.

In Armenia, terms for removing arrest from citizens` accounts to be  reduced to 1-2 days from previous 7 days or more
 Monday, January 16 2023 20:15

ArmInfo.The Central Bank of Armenia and the Ministry of Justice of the Republic of Armenia signed a memorandum of understanding to ensure the format filling of  data on payments made from accounts under enforcement proceedings by  the Compulsory Enforcement Service of judicial acts.

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Share of Armenia`s authorized capital in  EDB increased to 4.2291%,  while Russia`s stake in EDB decreased  to 44.7878%  
 Monday, January 16 2023 18:51

ArmInfo.On 30 December 2022, the Council of the Eurasian Development Bank (EDB) unanimously approved a redistribution of the Bank's charter capital among its  member states.  According to the Bank's press service, a portion  comprising 321,151 shares held by the Russian Federation in the  Bank's paid-in capital has been evenly distributed among the other  member states and, as a result, the Russian Federation's stake in the  EDB has decreased from 65.9761% to 44.7878%.  

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$350mln to invested in Zvartnots International Airport
 Monday, January 16 2023 13:16

ArmInfo.A total of $350mln is planned to be invested in the Zvartnots International Airport, Deputy Minister of Territorial Administration and Infrastructures Armen  Simonyan said in parliament.

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The beneficiary of "The Power of One Dram" in January is the educational program "Talentum"
 Thursday, January 12 2023 18:26

ArmInfo.IDBank and Idram summed up the results of the December program "The Power of One Dram". Thus, the amount gathered in December - AMD 3.531.799 was transferred to the Health Fund for Children of Armenia, thereby providing support to children with health issues.

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Armenia`s gross international reserves move down from historical high
 Monday, January 9 2023 19:30

ArmInfo.Armenia's gross international reserves (GIR) decreased in November 2022 by 3.2% or $115.1 million (against a 5.5% decline in November 2021), amounting  to $3.518 billion, thereby continuing to move down from the  historical maximum recorded in September. In parallel with this, the  y-o-y growth of gross international reserves slowed down  significantly - from 33% to 16.2% (or by $491.7 million in November  2022 compared to November 2021).

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New Year in Idram. results of 2022
 Thursday, January 5 2023 12:42

ArmInfo.The first publication of Idram in 2023 of course should be exactly like this: having reached the set achievements of 2022, the certain heights and clear results, with new initiatives in the plans. Well, let's sum up the outgoing year in Idram.

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Ameriabank named Best Foreign Exchange Bank in Armenia by Global Finance
 Wednesday, December 28 2022 19:08

ArmInfo.Global Finance has named Ameriabank the Best Foreign Exchange Bank in Armenia for 2023 in its annual list of the World’s Best Foreign Exchange Banks.

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CBA to put into circulation new batch of 3rd generation thousandth  banknotes from January 23, 2023
 Wednesday, December 28 2022 17:38

ArmInfo.From January 23, 2023, the Central Bank of Armenia will put into circulation a new batch of the 3rd generation composite banknote with a face value of  1,000 drams. This decision was made on December 27 at the meeting of  the Board of the Central Bank of the Republic of Armenia. This is  noted in the message of the Central Bank.

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CBA improves net private transfers forecast for 2022
 Wednesday, December 28 2022 12:20

ArmInfo.The Central Bank of Armenia (CBA) has improved its forecast for net money transfers (including the profits of seasonal workers and private transfers) -  32% growth against the previously forecast 7% decline (against the  actual 54% growth last year). 

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CBA improves unemployment forecast for 2022 
 Wednesday, December 28 2022 12:20

ArmInfo.The Central Bank of Armenia (CBA) has improved its unemployment forecast for Armenia for 2022 by revising it downward to 13.6% against the previously forecast  14.1% (15.3% last year). However, in the medium-term, along with  somewhat decelerating economic growth, unemployment is expected to  reach the previously forecast 15%. 

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RF Deputy Minister: financial institutions of Russia, Armenia are  expanding  network of correspondent relations
 Monday, December 26 2022 19:35

ArmInfo. Very good progress has been made in the relations between Armenia and Russia this year. This was announced on December 26 at a press conference by Dmitry  Volvach, Deputy Minister of Economic Development of the Russian  Federation, speaking about the growth in the volume of mutual trade  in national currencies.

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EDB analysts expect 12% growth in mutual trade in EAEU by end of 2022
 Monday, December 26 2022 14:37

ArmInfo. According to the results of 2022, the volume of mutual trade of the EAEU will be about $80-83 billion, which will exceed the indicator of a year ago by 12%.  This is stated in the weekly Macro Review of the Analytical Group of  EDB Chief Economist Evgeny Vinokurov.

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Armenian Parliament elects CBA Deputy Governor and new member of CBA  Board 
 Wednesday, December 21 2022 19:28

ArmInfo. The National Assembly of Armenia at an extraordinary meeting on December 21 elected Deputy Governor of the Central Bank of the Republic of  Armenia and a new member of the Board of the Central Bank.

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Vahe Hovhannisyan appointed new Minister of Finance of Armenia
 Tuesday, December 20 2022 10:29

ArmInfo. Vahe Hovhannisyan has been appointed the new Minister of Finance of Armenia. RA President Vahagn Khachaturyan signed the corresponding decree.

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First in Armenia. IDBank presents Visa Travel card for travel lovers
 Monday, December 19 2022 20:02

ArmInfo.A card for exploring the map: IDBank issued a Visa Travel card with many benefits. Make your journey more pleasant and convenient.

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Converse Bank launches contactless cashless payment tool, C-POS  mobile app
 Thursday, December 15 2022 18:34

ArmInfo.Converse Bank has introduced a contactless non-cash payment tool - the C-POS mobile application for simplified and quick receipt of payments by business  entities in the trade sector, catering / service sectores. This is  noted in the message of Converse Bank, where it is explained that  C-POS is a mobile version of a regular post-terminal that turns an  Android smartphone into a payment terminal.

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Use of Smart Solutions at Financial Companies: Ameriabank Partners Silicon Mountains 2022
 Wednesday, December 14 2022 19:20

ArmInfo.Yerevan hosted the 4th Silicon Mountains 2022 International Tech Summit, which brought together representatives of financial and technological companies and this time was dedicated to the use of smart solutions in various industries.

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IMF Executive Board Approves New Stand-By Arrangement for Armenia
 Tuesday, December 13 2022 21:09

ArmInfo. The Executive Board of the International Monetary Fund (IMF) approved SDR 128.8 million (about US$171.1 million) 36-Month Stand-By Arrangement (SBA) for  Armenia to help maintain macroeconomic stability, provide insurance  against downside risks, and support structural reform agenda.

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CBA Forecast: Inflation in 2022 to form within range of 9-9.5%, and  GDP growth to be 12.9%
 Tuesday, December 13 2022 18:43

ArmInfo. Inflation will form in the range of 9-9.5% by the end of 2022 (against the  previously forecasted 8.6% and actual 7.7% in 2021). Such a forecast  was presented on December 13 by Chairman of the Central Bank of the  Republic of Armenia (CBA) Martin Galstyan during a press conference  on the next increase in the refinancing rate to 10.75%.  He noted  that (in December) there will be some acceleration of inflation in  the current month, but the pace will be slower than previously  expected.

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News
Global Finance: Converse Bank is Armenia`s leading bank in Trade FinanceGlobal Finance: Converse Bank is Armenia`s leading bank in Trade Finance
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