Converse Bank bonds were bought in primary market within days

 Friday, April 26 2024 16:48:00
Converse Bank bonds were bought in primary market within days

ArmInfo. Within days, Converse Bank's dram coupon bonds were bought in the primary market in the  amount of 5 billion drams. It is noteworthy that this tranche was put up for sale together with the dollar bonds on April 17, and within a week the dram bonds were fully distributed. This is noted in a message from Converse Bank.

CBA reduces refinancing rate down to 10.5% 
 Tuesday, June 13 2023 15:37

ArmInfo.On June 13, Armenia's Central Bank (CBA) decided to reduce the refinancing rate by 0.25  percentage point - from 10.75% ?? 10.5% - after a 2-year-long upward trend, with a maximum historical level recorded late in 2022. 

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IMF provides Armenia with access to about US $24.5mln, forecasts 5.5%  GDP growth 
 Tuesday, June 13 2023 15:31

ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

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Ardshinbank`s "Simple" Loans: Fueling Growth for Armenian SMEs
 Monday, June 12 2023 14:35

ArmInfo.Ardshinbank offer long-term lending opportunities on more favorable terms to resident SMEs, including those engaged in agriculture.

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CBA`s monetary policy reaches "important critical point" - CBA  chairman 
 Monday, June 12 2023 14:08

ArmInfo. The monetary policy of Armenia's Central Bank (CBA) has reached "a important critical point," CBA Chairman Martyn Galstyan stated at a meeting of the Standing Committee on  Financial-Credit and Budgetary Affairs, Parliament of Armenia, as he  spoke of the inflationary trends in Armenia. 

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AMX to start cross-listing with Warsaw Stock Exchange 
 Monday, June 12 2023 14:06

ArmInfo. The Armenia Securities Exchange (AMX) will start cross-listing with the Warsaw Stock  Exchange, AMX Director General Hayk Yeganyan stated at the awards ceremony for the most active securities market participants.

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IMF Caucasus, Central Asia, and Mongolia Regional Capacity  Development Centre opened in Kazakhstan on June 9
 Friday, June 9 2023 20:58

ArmInfo.The Capacity Development Centre of the International Monetary Fund (IMF) for the  countries of the Caucasus, Central Asia and Mongolia was opened in Kazakhstan. Chairman of the Kazakh National Bank Galymzhan Pirmatov and the IMF delegation led by IMF Managing Director Kristalina  Georgieva attended the solemn opening ceremony of the Centre on June 9 in Almaty. This is stated in the message of the National Bank of the Republic of Kazakhstan.

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Initial public offering of Team Telecom Armenia started
 Wednesday, June 7 2023 19:12

ArmInfo. One of the leading telecommunications companies in Armenia, Team Telecom Armenia, today  launched the its initial public offering, providing an opportunity for everyone to take part in the development of a technology company with 100% Armenian capital and share the success (https://www.telecomarmenia.am/en/ipo).

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WB improves its Armenia`s GDP growth forecast for 2023 from 4.1% to  4.4% and expects acceleration in 2024-2025
 Wednesday, June 7 2023 19:05

ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

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Kommersant: Armenia and Kazakhstan began to block payment for  supply  of electronics to Russia
 Wednesday, June 7 2023 15:46

ArmInfo.Banks in a number of countries, due to the risk of sanctions, began to block payments for the supply of  electronics for legal entities from Russia. Suppliers are trying to import electronics under other commodity codes and are looking for other payment methods. The Kommersant newspaper writes.

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To attract investors to industrial sector  of Armenia, it is necessary to show that country has sufficient  capacities, only  large-capacity unit can cope with this task
 Tuesday, June 6 2023 20:28

ArmInfo. After the final decommissioning of the second power unit of the operating nuclear  power plant (NPP) in Metsamor, Armenia will not be able to provide  domestic electricity consumption without commissioning additional  generating capacities.

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Konstantin Tserazov: “The Russian stock market has enough reasons for optimism”
 Sunday, August 4 2013 11:19

ArmInfo.July 2013 turned out to be very nervous - the debt problems of the Eurozone and the United States created instability and uncertainty in the stock markets. Nevertheless, even against this background, the Russian market managed to look better than others. Konstantin Tserazov, economist, former Deputy Head of Global Markets at Troika Dialog, told what events affected the markets in July and what awaits domestic sites in August.

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By end of 2023, Armenia to register 2nd largest economic growth and  lowest inflation rate among EAEU countries. But risks still remain -  EDB
 Friday, June 2 2023 13:38

ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the  EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the  Macroeconomic Outlook of 6 EAEU member countries published today.

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Money transfers actively flowing to Armenia from Russia are no less  actively flowing  to U.S.
 Thursday, June 1 2023 14:46

ArmInfo.Money transfers of individuals through banks in Armenia show a significant increase in  inflows from Russia and outflows to the US in January-April 2023. At the same time, the inflow of transfers from the United States began to decline, while the outflow of remittances to Russia shows a moderate increase.

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Converse Bank to present Converse Leasing product at Leasing Expo  2023 exhibition 
 Thursday, June 1 2023 12:19

ArmInfo. Armenia's Converse Bank will present its financial product Converse Leasing at the Leasing Expo 2023  exhibition in Yerevan, June 2 to 4. 

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IDBank`s Visa Business Platinum card now with more profitable terms
 Wednesday, May 31 2023 22:24

ArmInfo.From May 30 to December 30, get IDBank's Visa Business Platinum payment card with a monthly service fee of AMD 3,000 or AMD 30,000 per year. This means that the premium class business card introduced for the first time in Armenia by IDBank can now serve your business on more profitable terms.

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Armswissbank issues 3 bonds from 1st of june
 Wednesday, May 31 2023 10:56

ArmInfo.ARMSWISSBANK informs about starting the placement of 3 coupon bonds from 1st of June, 2023.

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AraratBank underwrites FINCA UCO bonds
 Saturday, May 27 2023 15:12

ArmInfo. As from May 30, 2023, FINCA UCO CJSC intends to underwrite nominal coupon bonds in AMD (code: AMFNCAB2EER0) and USD (code: AMFNCAB2FER7). AraratBank will act as an underwriter and market maker.. AraratBank will act as an underwriter and market maker. The bank said that the bonds will be underwritten through an auction on Armenia Securities Exchange, starting from May 30 till June 2, from 11:00-13:30 daily.

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ANIF to invest EUR 3.9mln in Universal Closures company 
 Wednesday, May 17 2023 16:56

ArmInfo.Armenian National Interests Fund's (ANIF) subsidiary "Entrepreneur + State" Investment Fund will jointly invest with Universal Closures CJSC in expansion of the company's bottle closures and caps production.

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EBRD improves its GDP growth forecast for Armenia 
 Tuesday, May 16 2023 21:46

ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth  forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households."

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CBA Forecast: Inflation in Armenia to reach target level of 4% from  H2 2023
 Tuesday, May 16 2023 14:18

ArmInfo. The 12-month inflation has increased significantly since March 2022, reaching 10.3% at the  end of the second quarter, and then, as a result of the implemented monetary policy, it gradually decreased and reached 8.3% at the end of the year. This was stated by the Deputy Governor of the Central  Bank Armen Nurbekyan at May 15 sitting of the NA Standing Committee on Financial-Credit and Budgetary Affairs, presenting the annual report on the activity of the RA Central Bank.

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News
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26.04.2024
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