“By Your Side”: IDBank`s new support program for displaced Artsakh citizens

 Tuesday, May 7 2024 22:20:00
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens

ArmInfo.IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. This time, the program includes about 150 minor children from 42 families forcibly displaced from Artsakh.

EBRD First Vice-President begins his visit to South Caucasus from Armenia
 Monday, September 4 2023 11:02

ArmInfo. EBRD's First Vice President and Head of Client Services Group, Jurgen Rigterink, begins a week- long visit to the Caucasus on Monday, 4 September 2023. Starting in Armenia, the trip will continue in Georgia and finish in Azerbaijan, the Banks official website reports.

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By August 2023, Armenia`s international reserves reached new highs,  $4.126 billion
 Friday, September 1 2023 18:16

ArmInfo.Armenia's gross international reserves (GIR) accelerated the y-o-t growth in Jan-July  2022 from 15.2% to 16.3% (i.e. they increased by $580 million) and  reached a new record level of $4.126 billion (from the previous  all-time high of $4.112 billion in December 2022), according to the  data of the Central Bank of the Republic of Armenia.

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First in Armenia: Ameriabank`s Mortgage Portfolio Goes Past AMD 200B
 Friday, September 1 2023 10:06

ArmInfo.For around 6 years, Ameriabank has retained absolute leadership in the Armenian banking  sector by mortgage loan portfolio.  In H1 2023, Ameriabank's mortgage portfolio increased by more than AMD 23B to a total of USD 209.6B, thus becoming the first in the market to go past the mark of AMD 200B, the bank's press  release reads.  

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S&P Upgrades Ameriabank to BB-, Outlook Stable
 Thursday, August 31 2023 00:20

ArmInfo.S&P Global Ratings raised its long-term issuer credit rating on Ameriabank CJSC to 'BB-', outlook stable. The upgrade follows a similar action on Armenia. The ratings on Ameriabank are no longer constrained by the sovereign's creditworthiness and are now commensurate with its standalone credit profile of 'bb-'.

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Freedom Broker Introduces Full Brokerage Services for Individuals, Pioneering the Market in Armenia
 Wednesday, August 30 2023 12:22

ArmInfo.Freedom Broker, a leading financial services provider, proudly announces its distinction as the first broker in Armenia to offer a comprehensive range of brokerage services exclusively tailored for individuals. With licenses granted by the Central Bank of the Republic of Armenia, Freedom Broker is empowered to conduct both brokerage and depository activities, marking a significant milestone in the country's financial landscape.

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Fuel cards are in plus
 Tuesday, August 29 2023 19:51

ArmInfo.We said, didn't we, that your purchases with Idplus are profitable? Now this claim is also about refueling. Yes, yes, everything is correct. At Idplus, you can already buy and use fuel cards with friends or family members and save money.

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S&P upgrades Armenia`s sovereign rating to `BB-` with `Stable`  outlook, expecting 7.5% GDP growth in 2023
 Monday, August 28 2023 16:40

ArmInfo.On Aug. 25, 2023, S&P Global Ratings raised its long-term foreign and local currency  sovereign credit ratings on Armenia to 'BB-' from 'B+' and affirmed its short-term foreign and local currency sovereign credit ratings at 'B'. The outlook is stable.  

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Substantial gap between RUB and AMD exchange rates - Maxim  Reshetnikov
 Friday, August 25 2023 13:39

ArmInfo. There is a substantial gap between the RUB and AMD exchange rates, Russian  Minister of Economic Development Maxim Reshetnikov told a briefing preceding a business lunch attended by Armenian and Russian businessmen. 

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Statistics: Armenia`s GDP increased by 16.1% per annum in H1 2023
 Monday, August 21 2023 14:52

ArmInfo. Armenia's GDP growth in H1 2023 slowed down to 16.1% per annum (from 18.3% in the same period  in 2022), exceeding 3.9 trillion drams or $10.1 billion, according to the data of the RA Statistical Committee.

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Ardshinbank recognized as Retail Bank of the Year in Armenia by Asian Banking & Finance magazine
 Friday, August 18 2023 12:29

ArmInfo.International magazine Asian Banking & Finance awarded Ardshinbank with the nomination "RETAIL BANK OF THE YEAR OF ARMENIA" for achievements in the development of retail financial business. The winner is selected based on strong financial performance, innovative products, a customer-oriented approach, and a commitment to sustainability.

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EDB analysts: Significant volumes of remittances to Armenia may  provoke "Dutch disease"
 Thursday, August 17 2023 17:20

ArmInfo.The Armenian dram has shown a steady appreciation against the currencies of the trading partner countries since the beginning of Q2 2022. In July of this year, compared to the  beginning of 2022, the Armenian dram appreciated against a basket of  currencies: - by 19.8% y/y against the dollar, by 21.7% y/y against  the euro, by 32.4% y/y against the Russian ruble. In terms of the  real effective exchange rate, the Armenian dram appreciated by 33.6%  in 2022 and by 40% in June 2023 compared to the beginning of 2022. 

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Ameriabank Wins in 3 Nominations of Global Finance World’s Best Digital Bank Awards 2023
 Tuesday, August 15 2023 13:52

ArmInfo.Ameriabank has won in 3 nominations of Global Finance World’s Best Digital Banks Awards. In particular, the Bank has received awards for the Best Innovation and Transformation in Armenia for 2023, the Best Online Product Offerings in Armenia for 2023, and the Best in Consumer Lending in Armenia for 2023.

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EDB floats debut bond issue of up to US $30 million on Armenia  Securities Exchange (AMX)
 Monday, August 14 2023 13:10

ArmInfo. The Eurasian Development Bank (EDB) is floating a debut bond issue on the Armenia Securities Exchange (AMX), bidding is taking place through Ardshinbank between 15 and 31 August 2023. 

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In July, “The Power of One Dram” was directed to the “Children of Armenia” fund. August beneficiary is SOS Children`s Villages Foundation
 Thursday, August 10 2023 21:58

ArmInfo.Idram and IDBank summed up the results of the next program of The Power of One Dram initiative. The companies report that 3.480.466 AMD was donated to the Children of Armenia Charitable Foundation for payments made through their platforms during July.

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Konstantin Tserazov: “In 2020, the indices have every chance to grow by 20-25%”
 Wednesday, January 15 2020 13:27

ArmInfo.An unexpectedly successful 2019 surprised the rapid growth of Russian indices and the influx of private investors. Tserazov Konstantin Vladimirovich (Konstantin Tserazov), an independent expert, economist, ex-deputy head of global markets at Troika Dialog, told us what the year was remembered for and what caused the rally.

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Economic activity growth in Armenia slows down
 Monday, August 7 2023 15:24

ArmInfo.In Armenia, the growth of economic activity in H1 2023 slowed down to 11.4% per annum (from 11.8% in H1 2022), while significantly exceeding the pre-Covid upward  pace of 6.5% in H1 2019.

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EDB forecasts near-zero inflation for 3rd quarter of 2023 
 Monday, August 7 2023 13:45

ArmInfo.Experts of the Eurasian Development Bank (EDB) forecast near-zero inflation for the  third quarter of this year. Among the factors are AMD appreciation,  reduced price pressure and monetary restraints.  

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 Fitch Upgrades Ardshinbank`s rating
 Friday, August 4 2023 18:03

ArmInfo.Fitch Ratings has upgraded Ardshinbank CJSC's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' with a stable outlook. At the same time, the bank's Viability Rating (VR) upgraded from "b+" to "bb-", highlighting the bank's strengthened position in Armenia's banking system and its exceptional financial performance.

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IDBank bonds can also be purchased online. The bank issues 2nd tranche of dollar bonds
 Thursday, August 3 2023 16:55

ArmInfo.On August 3, IDBank will issue the 2nd dollar tranche of registered coupon bonds under the abbreviation AMANLBB2MER6 with the following conditions.

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Reduction of refinancing rate in Armenia is associated with  significant easing of inflationary environment
 Tuesday, August 1 2023 18:47

ArmInfo.The Central Bank of Armenia, having promptly reacted to curbing inflation, can now afford to reduce the refinancing rate for the second time. Deputy Chairman of the Central  Bank of the Republic of Armenia Armen Nurbekyan expressed this  opinion during today's press conference on the next reduction of the  refinancing rate from 10.5% to 10.25%.

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News
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Read more


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08.05.2024
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