Central Bank of Armenia imposed penalty on the "Finca" credit company

 Friday, January 22 2021 19:22:00
Central Bank of Armenia imposed penalty on the

ArmInfo. The Central Bank of  Armenia applied a penalty in relation to the universal credit company  CJSC "Finca" ("Finca" UCO) for the sums to be returned. This is  stated in the message of the Central Bank's press service, which  states that the measure of responsibility against the Finca UCO was  applied for revealed violations of the requirements of the RA Law "On  Consumer Lending" and Regulation 8/05 "Rules of Business Conduct of  Financial Organizations". A fine in the amount of 500 thousand AMD  was imposed on Finca and corresponding instructions were given.   Clients who received consumer loans, agricultural loans (in the  amount of up to AMD 5 million), trade loans (up to AMD 5 million  provided to micro-trade organizations) from Jan 1, 2018 to July 30,  2020 from Finca, and fully fulfilled credit obligations, including  early repayments, for which the annual interest rate was not  recalculated at the time of loan repayment, can contact the company  and receive back the amounts to be returned as a result of the  recalculations made by the company. The company will return these  amounts during 2021.

IDBank is placing the first USD bonds of 2021 through a public offer
 Friday, January 22 2021 11:54

ArmInfo.On January 22 of this year, IDBank will issue bonds under the abbreviation AMANLBB2CER7. The total volume of the nominal coupon bonds of the first issue of 2021 is USD 5 million. The maturity of the bonds is 30 months, the annual coupon interest rate is 5%, and the coupons should be paid quarterly.

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Ardshinbank has introduced contactless ATMs
 Thursday, January 21 2021 16:47

ArmInfo.Ardshinbank has introduced new generation ATMs with the contactless reading service. For now, 44 ATMs of the bank are already new and equipped with the contactless reading module. 

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Armenian government approves signing of a $ 7.4 million loan  agreement with the International Bank for Reconstruction and  Development
 Thursday, January 21 2021 13:19

ArmInfo.he Armenian government approved the signing of a loan agreement for additional financing for $ 7.4 million with the International Bank for  Reconstruction and Development within the framework of the disease  prevention and control program. This decision was made on January 21  at a regular meeting of the RA government.

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In 2020 Armenian banks reduced tax deductions to the state treasury  by 10.1% - to $ 93.9 million
 Wednesday, January 20 2021 21:00

ArmInfo.The banking system of Armenia in 2020 reduced tax deductions to the state treasury by 10.1% - to 49.1 billion drams ($ 93.9 million). Of this amount, 87.2%  or 42.8 billion drams were paid under direct taxes, with a y-o-y  decline of 17%.

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The system of guarantees for loans attracted by Armenian citizens  will undergo institutional changes
 Tuesday, January 19 2021 11:48

ArmInfo. The system of guarantees for loans attracted by Armenian citizens will undergo institutional changes. The RA National Assembly at the January 19  sitting in the second and final reading introduced amendments to the  Civil Code, proposed by the NA deputy from the "Enlightened Armenia"  faction Arkady Khachatrian.

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The Central Bank of Armenia imposed penalty against the credit  company "MOGO"
 Friday, January 15 2021 18:18

ArmInfo. The Central Bank of Armenia applied a penalty against the universal credit company "MOGO" LLC ("MOGO") for the amount to be returned. This is stated in the  message of the press service of the Central Bank, where it is  indicated that the audit was carried out by the Department of the  Central Bank of the RA for financial supervision and licensing.  

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Ameriabank to launch another tranche of AMD bonds amounting to 5  billion on January 19
 Friday, January 15 2021 16:34

ArmInfo. On January 19, Ameriabank will start placing the next AMD tranche of registered, coupon and non-documentary bonds in the amount of 5 billion AMD. This  is indicated in the issue prospectus of this issue posted on the  website of the Central Bank of Armenia, according to which the  placement is planned to be completed on February 26, 2021.

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The Central Bank of Armenia will conduct interventions in the foreign  exchange market to ensure the normal operation of the financial  sector 
 Wednesday, January 13 2021 12:52

ArmInfo.The Central Bank of Armenia will intervene in the foreign exchange market to ensure the normal functioning of the financial sector. This is stated in the  message of the Central Bank of Armenia, spread on January 13.

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AMX will update its software with the support of EDB
 Tuesday, January 12 2021 16:41

ArmInfo.The Eurasian Development Bank (EDB)  will provide funds to the Armenia Securities Exchange OJSC for  software and technological modernization on a non-refundable basis.   According to the signed agreement, the EDB plans to finance the main  part of the costs associated with the introduction of a new exchange  trading system and technical re-equipment of AMX.

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Collector coin “Komitas-150” took the 3rd place in the nomination “Coin of the Year” in the international contest
 Monday, January 11 2021 20:02

ArmInfo.The silver collector coin issued by the Central Bank of Armenia in 2019 and dedicated to the 150th anniversary of the birth of the world-renowned Armenian composer and musicologist Komitas took the 3rd place in the nomination “Coin of the Year” in the 14th international contest “Coin Constellation-2020” (RF).

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Central Bank of Armenia predicts higher state budget deficit for 2020  - 6.2% of GDP
 Wednesday, December 30 2020 13:53

ArmInfo. In the updated forecast for 2020, the Central Bank of Armenia expects a higher state budget deficit - 6.2% of GDP (against the previously predicted 5.7%),  with an annual growth of 4.8 percentage points.

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Converse Bank branch service schedule during holidays
 Wednesday, December 30 2020 13:38

ArmInfo.The following branches of Converse Bank will continue operating during the New Year and Christmas holidays. On January 4, from 11:00 to 15:00 p.m. will be available the Customer Service Office of the Bank at the address 26/1 Vazgen Sargsyan, Yerevan and the branches “Central”, Araratyan”, “Kilikia”, “Nor Nork”, “Sayat Nova”, “Vanadzor”,“Kumayri”, “Artashat”, “Abovyan”, “Kapan”,“Echmiadzin”,“Dilijan”, “Hrazdan”, “Ashtarak”, “Armavir”, “Gyumri”, “Ijevan”, “Sevan”.

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Visa system: Ameriabank wins in two nominations - Premium Banking  Guru and Best Promotional campaign
 Monday, December 28 2020 16:50

ArmInfo.Ameribank was recognized as the winner of the Visa payment and settlement system in the Premium Banking Guru and Best Promotional campaign nominations.  As the press service of the bank told ArmInfo, this was announced at  the annual VISA's NY event.

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VISA international payment system recognized Ardshinbank as the largest issuer of its cards in Armenia
 Monday, December 28 2020 16:26

ArmInfo. Ardshinbank was recognized by the VISA international payment system as the largest Issuer of its cards in Armenia and was awarded as the "Largest Visa Issuer in Armenia 2020."

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Armswissbank financed the modernization of Arzni breeding poultry  farm and the launch of a solar power plant
 Monday, December 28 2020 15:11

ArmInfo.Armswissbank financed the modernization of the Arzni pedigree poultry farm and the launch of a solar power plant. As ArmInfo was told in the press service of  Armswissbank, over 670 million AMD has been invested in the  re-equipment of the poultry farm and the construction of a solar  power plant.

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IDBank joins World Vision’s Secret Santa Campaign 
 Wednesday, December 23 2020 16:17

ArmInfo.IDBank employees and those who wish have an opportunity to become a “Secret Santa” for the children who moved to Armenia from Nagorno-Karabakh.

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World’s businesses project two-speed recovery from Covid-19
 Wednesday, December 23 2020 11:18

ArmInfo.As the world awaits widespread access to Covid-19 vaccines, a new report from HSBC Commercial Banking signals a two-speed economic recovery spanning several years as the pandemic redefines business success.

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Ensure your financial and information security
 Tuesday, December 22 2020 20:19

ArmInfo. Dear clients,

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EDB summed up preliminary results of 2020
 Tuesday, December 22 2020 18:34

ArmInfo. The Eurasian  Development Bank (EDB) has summed up the preliminary results for  2020.

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Ardshinbank has improved the terms of money transfers to Russia with the system “SWIFT’’ for individuals
 Tuesday, December 22 2020 16:01

ArmInfo.Ardshinbank has significantly reduced the tariff for SWIFT transfers to the Russian Federation for individual clients in Russian rubles. Regardless of the transfer amount, the new tariff is only 2500 AMD instead of the previous one which was 5000-30,000 AMD.

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News


Exchange rates
22.01.2021
RUB6.95-0.10
USD518.44-0.45
EUR631.101.12
GBP708.34-4.20
CAD408.32-2.94
JPY50.01-0.16
CNY80.230.03
CHF585.871.14



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000