Friday, May 13 2022 21:34
ArmInfo. The level of profitability of the Armenian banking system is quite low. This
assessment of the UBA was announced on May 13 at a press conference
by the Executive Director of the Union of Banks of Armenia Seyran
Sargsyan, explaining that the level of profitability of the banking
system is determined by such efficiency ratios as return on equity
(ROE) and return on assets (ROA). >>>
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Friday, May 13 2022 16:55
ArmInfo.Converse Bank bonds are now also available via our mobile application. Here, in a matter of minutes you can complete the entire purchasing process of the bonds from opening a security account to signing the contract. Full information on bonds placement is also available on the app. >>>
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Friday, May 13 2022 16:47
ArmInfo.In Q1 2022, the inflow of transfers from individuals to Armenia increased by 38.2% per annum or by $155 million, reaching $561 million, Deputy Executive Director
of the Union of Banks of Armenia Arman Sargsyan said during a press
conference on May 13. >>>
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Friday, May 13 2022 15:15
ArmInfo. The deposits of the banking system of Armenia for the first quarter decreased by 1% or by 42 billion drams, amounting to 3.98 trillion drams. Executive director of the Union of Banks of Armenia (UBA) Seyran Sargsyan announced this during a press conference on May 13, while noting that in y-o-y terms, deposits increased by 7.6% or 281 billion drams. >>>
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Thursday, May 12 2022 15:05
ArmInfo.For the 4th year in a row, ARMSWISSBANK has been awarded “The Most Active Issuing Bank in Armenia” during the Annual Meeting of the European Bank for Reconstruction and Development (EBRD) which took place May 10-12, 2022 in Marrakesh, the Morocco. >>>
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Thursday, May 5 2022 16:21
ArmInfo.International Bank for Reconstruction and Development (IBRD) will grant a 22.6 mln euro loan to Armenia under an education program. At its meeting on Thursday, Armenia's Cabinet approved the signing of a relevant agreement. >>>
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Wednesday, May 4 2022 20:21
ArmInfo.On May 4, Armeconombank started the primary placement of regular tranches of dollar and dram nominal, coupon and non-documentary bonds with issue volumes of $
5mln and 1.5bln drams. >>>
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Tuesday, May 3 2022 23:13
ArmInfo.IDBank and Idram sum up the next program of "The Power of One Dram" initiative: the entire amount of "one drams" collected during March-April of this year was donated to "My Forest Armeniaenvironmental non-governmental organization. >>>
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Tuesday, May 3 2022 18:51
ArmInfo.There is still high uncertainty in terms of macroeconomic prospects due to geopolitical developments. At the same time, the risks of inflation deviating from the projected vector are generally balanced, but in the event of their sharper direction, the Central Bank will react properly to ensure price stability. >>>
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Tuesday, May 3 2022 18:35
ArmInfo. The USD-denominated bonds issued by ARARATBANK Open Joint Stock Company on April 21 have been fully underwritten. >>>
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Tuesday, May 3 2022 12:41
ArmInfo. At its meeting today, the Board of the Central Bank of Armenia (CBA) decided to leave the refinancing rate unchanged, at 9.25%. >>>
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Wednesday, April 27 2022 17:59
ArmInfo. Armenia's gross international reserves decreased by 10% in Q1 2022 (against an increase of 15% in the same period a year earlier) or by $307.4
million, amounting to $2.922 billion, according to the data of the
Central Bank of the Republic of Armenia. >>>
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Tuesday, April 26 2022 16:13
ArmInfo.The Central Bank of Armenia, in order to avoid the accumulation of risks on mortgage loans, from April 1, 2022 introduced the LTV (loan-to-value, loan/collateral value) standards (5/1 and 5/2) with the maximum threshold for the maximum loan/collateral value ratio at a rate of 90% for loans in AMD and 70% for loans in foreign currency. >>>
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Monday, April 25 2022 21:25
ArmInfo.The Central Bank of the Republic of Armenia, having studied numerous applications and received alarms, revealed that "One Card" LLC which operates in Armenia, publicly attracts citizens' funds, proposing to double and return them with a
certain "surcharge". >>>
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Wednesday, April 20 2022 16:49
ArmInfo.Converse Bank has recapped the results of the special promotion run in collaboration with Mastercard.As a prize Converse Bank offered to its 20 most active Mastercard holders who would make purchases from 1st September until 30th November including, a three-day family holiday gift card to be used in Armenia (for 2 adults and 2 kids) and the rest of the participants of the special promotion were offered a cashback up to 30,000 AMD. >>>
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Wednesday, April 20 2022 16:32
ArmInfo.The banking system of Armenia in Q1 2022 increased tax deductions to the state treasury by 4.5% per annum - up to 12.8 billion drams ($26.3 million), against a
decrease of 3.2% a year earlier in the same period. 77.2% or 10.6
billion drams of this amount was paid in direct taxes, with a y-o-y
increase of 8.2% (against a 12.5% decline a year earlier). >>>
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Monday, April 18 2022 16:29
ArmInfo.On April 21, 2022, AraratBank OJSC will issue the first USD-denominated tranche in 2022 on the following terms: >>>
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Monday, April 18 2022 11:51
ArmInfo.Converse Bank has started the placement of nominal coupon bonds totaling 2 billion AMD and 10,000,000 USD. The coupon yield of the bond is 10% and 4% respectively, the coupon payment frequency is semi-annual. >>>
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Saturday, April 16 2022 09:37
ArmInfo. On April 21, Araratbank will start selling another tranche of $ 5 million dollar bonds, and the primary placement of this issue is scheduled to be completed no
later than July 21. This is noted in the issue prospectus posted on
the website of the Central Bank of Armenia. >>>
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Friday, April 15 2022 16:19
ArmInfo.The Ministry of Economy of Armenia is making certain changes to the program of subsidizing interest rates on loans issued for the purchase of agricultural raw
materials. >>>
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Relocation to Armenia: "This is just the beginning"
New economic opportunities offered to Armenia - Vahe Davtyan
Establishment of direct Armenian-Turkish trade and economic contacts changes the geo-economic balance, expert says 
Minister of Economy discussed with the Ambassador of Canada the possibilities of intensifying cooperation in the financial and economic fields
Armenian Ministry of Finance predicts budget deficit of 7.4% of GDP for 2020
Commercial banks and insurance companies of Armenia will have opportunity to conduct a general meeting of shareholders remotely