Thursday, May 16 2024, 16:18
ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million financial package to ArmSwissBank in Armenia to finance the private sector's investments in growth, competitiveness, and greener and more sustainable practices, the Bank's press service reports.
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Friday, May 10 2024, 20:29
ArmInfo.The overheating of prices in the Armenian real estate market may have ranged from 20-30%. This was stated by Governor of the Central Bank of Armenia Martin Galstyan on May 10, during an event held in Yerevan over the "Perspectives of Regional Economic Development" IMF report, referring in this regard to the Central Bank's Report on Financial Stability.
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Tuesday, April 30 2024, 17:05
ArmInfo. On May 2, Acba Bank began the public placement of the next coupon non- documentary dollar and dram bonds in the amount of $5 million and 3 billion drams.
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Friday, April 26 2024, 16:48
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.
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Wednesday, April 17 2024, 16:12
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.
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Thursday, April 11 2024, 15:19
ArmInfo.The Conversebank will present its Converse Leasing product at the annual Leasing Expo. As
noted in the message from Converse Bank, visitors to the bank's stand will get acquainted with proposals for business financing, receive high-quality advice and, if necessary, will be able to fill out an application for financing.
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Wednesday, March 20 2024, 13:57
ArmInfo. In the banking sector of Armenia, the volume of lending accelerated in growth in 2023 from 13% to 21%, reaching 5.8 trillion drams ($14.2 billion). But this was not enough to save profits from the decline, which, after a 3-fold jump in 2022, decreased by 9.2% in 2023, amounting to 229.9 billion drams ($567.9 million). This is evidenced by the data of the Financial Rating of Banks of Armenia as of December 31, 2023, prepared by ArmInfo.
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Tuesday, March 12 2024, 18:41
ArmInfo.It is too early to talk about the threat of overheating in the consumer lending market.
Chairman of the Central Bank of Armenia Martin Galstyan expressed a similar opinion during a press conference on March 12.
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Saturday, February 10 2024, 01:31
ArmInfo.Fitch Ratings has upgraded ACBA Bank Open Joint-Stock Company's (ACBA) Long-Term Issuer
Default Rating (IDR) to 'BB-' from 'B+', and the bank's Viability Rating (VR) to 'bb-' from 'b+'. The Outlook is Stable. The Fitch Ratings press release received by ArmInfo reads.
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Monday, January 29 2024, 17:29
ArmInfo.There are currently no reasons for concern regarding the growth of consumer lending in Armenia. Deputy Governor at Central Bank of Armenia Armen Nurbekyan said, answering questions during a panel session at the economic forum organized by Amundi-ACBA Asset Management, the pension fund
management company.
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Thursday, January 18 2024, 10:16
ArmInfo.Converse Bank announces on the completion of Euroterm CJSC corporate bonds allocation ahead of schedule. From 28.11.2023 to 12.01.2024, Converse Bank allocated bonds with total volume of AMD 500 million with a coupon rate of 12.5% and a maturity of 36 months.
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Thursday, November 30 2023, 19:21
ArmInfo. Small and medium-sized enterprises led by women in Armenia are set to benefit from greater access to finance as the European Bank for Reconstruction and Development (EBRD) extends fresh funds to Acba Bank, supported by the European Union (EU) and Sweden. This is stated in the EBRD press release.
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Wednesday, November 29 2023, 13:09
ArmInfo. Ameriabank has assumed a long-term commitment to create a sustainable environment and assist a transition to carbon-neutral economy, Eduard Arakelyan, Head of Corporate Sales and Relationship Management Division, Ameriabank CJSC, told ArmInfo on the sidelines of the Energy Week in Yerevan.
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Wednesday, November 29 2023, 11:56
ArmInfo. Converse Bank is the underwriter for corporate dram coupon bonds of the Euroterm company
in the amount of AMD 500mln, the public primary placement of which began on November 28. This is noted in the Bank's message, which states that the coupon yield is set at 12.5%, the maturity period is 36 months, and the frequency of coupon payments is provided once every six months. The bonds of this issue mature on November 28, 2026.
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Monday, November 27 2023, 20:02
ArmInfo. The European Bank for Reconstruction and Development (EBRD) has signed a funded Risk
Sharing Framework (RSF) agreement with HSBC Bank Armenia (HSBC
Armenia) to facilitate Armenian firms' access to finance.
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Thursday, November 23 2023, 17:28
ArmInfo.The profits of Armenian banks, which sharply increased over the past year by leaps
and bounds in foreign exchange transactions, are beginning to slow
down significantly in growth rates.
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Monday, November 20 2023, 12:06
ArmInfo.Armenia's banking system is making half-hearted attempts to reanimate corporate lending, which snowed a decline last year, against a backdrop of accelerated growth in private loans, which ensure acceptable return on and diversification of assets. However, such activity requires special attention needed for preventing delinquent loans from turning into risky ones.
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Thursday, October 26 2023, 17:54
ArmInfo. Starting from October 26 of this year, nominal coupon bonds issued by the Eurasian Development Bank (EDB) have started to be listed for the first time on the main (Abond) list of bonds at the Armenia Securities Exchange.
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Friday, October 13 2023, 15:58
ArmInfo. The Converse Bank offers legal entities and private entrepreneurs to take advantage of
loan payment holiday as part of the Converse SME product.
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Friday, September 8 2023, 16:01
ArmInfo. IDBank completed the primary placement of the next tranche of registered coupon dollar bonds in the amount of $5 million, issued on July 24, 2023, ahead of schedule. This is noted in the message of IDBank, where it is noted that after listing on the Armenian Stock Exchange, the bonds of this issue (AMANLBB2LER8) will be quoted by the Marketmaker.
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