Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million

 Wednesday, April 17 2024 16:12:00
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million

ArmInfo. On April 17, Converse Bank began the initial placement of dram and dollar bonds in the  amount of 5 billion drams and $10 million in 2024. This is noted in the Bank's statement.

HSBC Armenia’s Head Office and STATUS services are moving to new address
 Friday, November 3 2023 18:03

ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) announces that, effective from 6 November 2023, the Bank’s Head Office will be relocated to a new, comfortable and modern facility at the following address: 42 Paronyan street, Yerevan.

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AMD 16.7bln to be allocated to needs of Armenia`s Ministry of Foreign  Affairs
 Friday, November 3 2023 10:52

ArmInfo. In 2024, AMD 16.7bln will be allocated to the needs of the Ministry of Foreign Affairs of Armenia. RA Minister of Finance Vahe Hovhannisyan stated this during discussions on the draft state budget of the country for  2024 at a meeting of the commissions of the National Assembly of the Republic of Armenia.

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IDBank and Idram consolidated within ID Group Armenian Holding
 Thursday, November 2 2023 16:28

ArmInfo.Considering the successful strategic cooperation of the two companies and the convergence of development visions, Idram and IDBank consolidated within ID Group Armenian holding, which currently controls 100% of the shares of Idram and IDBank.

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Team Telecom Armenia announces successful public offering of shares
 Thursday, November 2 2023 13:09

ArmInfo. About a thousand investors became shareholders of Team Telecom Armenia. According to  the company's press service, the initial public offering of 40 million shares of Team Telecom Armenia worth AMD 8.2bln was successfully completed. Ameriabank CJSC acts as market maker. 

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Armenia`s government will co-fund pilot programmes in four Armenian  communities
 Thursday, November 2 2023 13:06

ArmInfo. Armenia's government will co-fund pilot programmes in four Armenian communities. 

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EasyPay is the best Armenian financial company in 2023 in two categories, according to World Economic Magazine
 Thursday, November 2 2023 11:25

ArmInfo.According to World Economic Magazine, a well-known financial journal, EasyPay has been recognized as the best financial company in two categories: “Best Services Provider to Government Sector Armenia 2023” and “Best Auto Finance Company Armenia 2023”.

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Financing of education, science, culture and sport to be increased by  37%
 Thursday, November 2 2023 11:08

ArmInfo.In 2024, AMD 345.417bln will be allocated to finance programs in the fields of  education, science, culture, sports and youth, Deputy Minister of Finance Vahan Sirunyan stated at a hearing in the commissions of Armenia's Parliament. 

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Central Bank Head:  serious demand for credit products observed in  2023 to increase profit growth of banking system
 Tuesday, October 31 2023 20:17

ArmInfo. Unlike 2022, when the Armenian banking system received most of its profits from services provided to non-residents (accounts, payment cards, currency transactions, ed. note), in 2024 there is a serious demand for credit products, which will allow banks to more thoroughly generate profits. Governor of the Central Bank of Armenia Martin Galstyan stated during a press conference on October 31.

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Ardshinbank has been recognized as the "Best Corporate" and "Best ESG Bank" in Armenia by Euromoney magazine
 Tuesday, October 31 2023 18:33

ArmInfo.The British financial magazine Euromoney has awarded Ardshinbank with two prestigious titles: "Best Corporate Bank" and "Best Bank for ESG" (Environmental, Social, and Governance). Earlier in 2023, Euromoney named Ardshinbank the best bank in Armenia for the third time. The "Euromoney Awards for Excellence" competition is held annually, and international experts select the best banks from 100 countries in various categories.

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The fist premium metal vertical Visa Infinite Special Edition from IDBank
 Tuesday, October 31 2023 18:24

ArmInfo.IDBank has released the first metal vertical card in RA, Visa Infinite Special Edition, with exclusive features.

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HSBC Armenia honoured as the country’s Best Bank for CSR and for Diversity & Inclusion at the 2023 Euromoney Awards for Excellence
 Tuesday, October 31 2023 18:09

ArmInfo. HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been awarded two recognitions by the reputable Euromoney Awards for Excellence 2023. The Bank has been recognized for its strong commitment to Corporate Social Responsibility (CSR) and its efforts in promoting Diversity & Inclusion (D&I) within the Armenian banking industry.

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CBA: Weak deflationary impact from external sector on Armenian  economy to remain
 Tuesday, October 31 2023 18:07

ArmInfo. The weak deflationary impact from the external sector on the Armenian economy will  continue. During the press conference held on October 31, Governor of the RA Central Bank, Martin Galstyan, presented such a forecast regarding the reduction of the refinancing rate from 9.75% to 9.5%.

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CBA reduces refinancing rate to 9.5% 
 Tuesday, October 31 2023 13:55

ArmInfo.The Central Bank of Armenia further reduced the refinancing rate - this time by 0.25  percentage points - from 9.75% to 9.5%. This is the fourth decrease this year, after two years of increase with reaching a historical maximum of 10.75% at the end of 2022 and maintaining this level until June 13 of this year, when the first decrease of 0.25 percentage points took place. , then on August 1 there was a second decline by  the same amount, and on September 12 the decline was more noticeable - by 0.5 percentage points.

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HSBC Armenia & Teach For Armenia Partner for Educational Innovation
 Monday, October 30 2023 22:01

ArmInfo.Teach For Armenia is partnering with HSBC Armenia to implement the Káits Social Innovation Incubator — Armenia’s first-ever incubator dedicated to education.

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CBA Head fears that problem of underfulfillment of capital  expenditures will not be resolved in 2024 as well
 Monday, October 30 2023 21:58

ArmInfo.Governor of the Central Bank of Armenia Martin Galstyan expressed fears that the  problem of underfulfillment of budget capital expenditures will not be resolved in 2024 as well.

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Russian government includes Armenia in `comfortable conditions` for  foreign businesses and entrepreneurs
 Monday, October 30 2023 16:38

ArmInfo.During the operational meeting of the Deputy Prime Ministers in the Government of the Russian Federation, the issue of simplifying the procedure for opening accounts in Russian banks by foreign entrepreneurs was considered.

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Vahe Hovhannisyan: Next year, 42% of capital spending to be directed  to defense sector 
 Monday, October 30 2023 16:01

ArmInfo. Capital expenditures in 2024 will reach 6.6% of GDP, which is 0.7% higher  than a year ago. Minister of Finance of Armenia Vahe Hovhannisyan announced on October 30 at a parliamentary committee hearing on the 2024 budget. 

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Finance Minister: Budget deficit in 2024 could reach 4.6%
 Monday, October 30 2023 16:00

ArmInfo.The budget deficit in 2024 could rise to 4.6% from 3.2% under the current draft budget  scenario. Minister of Finance of Armenia Vahe Hovhannisyan stated on October 30 at a parliamentary committee hearing on the 2024 budget.

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Information Systems Agency is planned to be established in Armenia -  CB Governor
 Monday, October 30 2023 15:59

ArmInfo. It is planned to establish an Information Systems Agency in Armenia. Governor of the  Central Bank of the Republic of Armenia Martin Galstyan announced on October 30 at a parliamentary committee hearing on the 2024 budget.

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Economy Minister, HSBC Reps discuss possibility of Armenian large  companies entering foreign capital markets
 Friday, October 27 2023 16:15

ArmInfo.Armenian Minister of Economy Vahan Kerobyan met with representatives of HSBC Bank as  part of a working visit to London.

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News
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Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Armenia`s footwear exports to Russia 11 times up Armenia`s footwear exports to Russia 11 times up 
EDB sets course for digital future of transportation at joint EEC and  ESCAP eventEDB sets course for digital future of transportation at joint EEC and  ESCAP event
Team`s Next Generation Networ is already available in AshtarakTeam`s Next Generation Networ is already available in Ashtarak
Kazakhstan`s potential exports to Armenia total $350mln - minister Kazakhstan`s potential exports to Armenia total $350mln - minister 
Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier 
Acquisition of Ameriabank by BOGG PLC int`l financial group completedAcquisition of Ameriabank by BOGG PLC int`l financial group completed
Armenian service sector generated revenue of $1.2 billion in first  two monthsArmenian service sector generated revenue of $1.2 billion in first  two months
EEC: EAEU common electricity market is at high level of readinessEEC: EAEU common electricity market is at high level of readiness
Armenia`s metallurgical industry increased production volumes by 37%  in first 2 monthsArmenia`s metallurgical industry increased production volumes by 37%  in first 2 months
Idram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment PrinciplesIdram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment Principles
US supports building of strong transport corridor from Turkiye  to  Central AsiaUS supports building of strong transport corridor from Turkiye  to  Central Asia
EFSD contributes to modernization of Armenia`s irrigation systemEFSD contributes to modernization of Armenia`s irrigation system
ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes 
EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan 
Armenia`s clothing exports to Russia 1.5 times up Armenia`s clothing exports to Russia 1.5 times up 
Armenia needs alternative if leaves EAEU - expert Armenia needs alternative if leaves EAEU - expert 
Diagnosis from Prime Minister: Armenia`s irrigation system is deadDiagnosis from Prime Minister: Armenia`s irrigation system is dead
CECC business mission to visit Armenia  CECC business mission to visit Armenia  
Armenia joins International Solar AllianceArmenia joins International Solar Alliance
Armenian NPP to be under maintenance repair Armenian NPP to be under maintenance repair 
Read more


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