ArmInfo.The appeal of the director of “B.M.L. Arzni” LTD and the bankruptcy manager of the same LTD against the decision of 12.03.20 of the Court of Appeal of RA on the case “B.M.L. Arzni Company against Anelik Bank” was dismissed.

ArmInfo.

ArmInfo

ArmInfo.The Court of Appeal, presided by Judge Harutyun Yenokyan, published the decision made as  the result of the examination  of the appeal filed by IDBank against the decision of the Court of General Jurisdiction of Yerevan concerning  the case  “BML Arzni'' versus “Anelik Bank” .

ArmInfo. After the Arzni  mineral water plant was transferred to IDBank, all steps related to  this transaction, including the conclusion of an agreement on the  alienation of this real estate to Tarmak, were discussed for several  months with the participation of Gevorg Afandyan.  This was stated at  a press conference on November 18 by the chairman of IDBank's Board  Mher Abrahamyan.

ArmInfo. Eight Armenian  commercial banks headed by IDBank appealed to RA Prime Minister Nikol  Pashinyan and CBA Chairman Arthur Javadyan in connection with a  lawsuit initiated by entrepreneur Gevorg Afandyan against IDBank.  Chairman of Management Board at IDBank Mher Abrahamyan at a November  18 press conference stated this.

ArmInfo. ID Bank redeemed its 5th tranche of USD bonds in the volume of $5mln issued in October 2017.  According to the Bank's press service, the maturity period for  the bonds of this issue was set at 2 years, and the coupon yield was  5.75%.

ArmInfo. Mher Abrahamyan,  Chairman of the Board of IDBank CJSC, was elected as new President of  the Union of Banks of Armenia(UBA). As the press service of the UBA  told ArmInfo, the new President of the Union of Banks of Armenia took  office on October 4, after being elected on October 3 at a meeting of  the UBA Council.

ArmInfo. The delegation of the Central Bank of Uzbekistan and commercial banks visited IDBank The purpose of the visit is to study the Armenian experience of the  financial system, the press service of IDBank reports.

ArmInfo. From now on,  Abovyan branch of IDBank will go on operating in Tartui str. 1/1. As  the press service of the bank reports, just like the other newly  opened branches, in Abovyan branch also, both the design and  technical, technological solutions provide an opportunity to enjoy  the benefits of full, high quality service.

ArmInfo. On 20.09.2019, the Yerevan Court of General Jurisdiction announced the court verdict concerning the case of “ARZNI” LLC and Bankruptcy Manager of the same LLC vs. Anelik Bank, for confiscation of the amount equivalent to USD 22 million.  The court decided to satisfy the claim and charge from the Bank the amount mentioned in the application.

ArmInfo.On July 1, ID Bank fully redeemed the 4th dollar tranche of coupon bonds in the amount of $ 5 million. As the Bank's press service told ArmInfo, the corresponding  payments (including coupon payments) to legal entities and  individuals were made by bank transfer.  

ArmInfo.

ArmInfo.The launch of Scholarship Program in the name of IDBank is announced. Emphasizing the importance of education and the continuous development of the  younger generation, the Bank provides an opportunity for students  studying in the state HEIs to continue their education in the  Master's Degree with IDBank  Scholarship.

ArmInfo. The IDBank branch in Echmiadzin resumed work at a new address (16 Khorenatsi St.) - this is another modern branch of the bank in a modern style. As the press service of the bank explained to ArmInfo, the Echmiadzin branch has  all the conditions for providing customers with high-quality service,  and innovative and technological solutions will make their visit more  enjoyable.

ArmInfo.

ArmInfo.The subsequent tranche of bonds will be issued on February 20, at the volume of USD 5 million. The maturity of the first issue of bonds of 2019 is 2 years, 6 months, annual coupon interest rate is 5.25%, which shouldbe paid quarterly.

ArmInfo. In 2018, the banking system of Armenia increased tax payments to the state  treasury by 21.2% to 48.6 billion drams ($ 100.5 million). Of this  amount, 91% or 44.2 billion drams were paid in direct taxes, with a  y-o-y growth of 23.8%.

ArmInfo.IDBank decided to extend the period of forgiveness (amnesty) of fines and penalties for bad loans until August 2019. This was reported to ArmInfo in the  press service of the bank.