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.

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.

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.

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.

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.

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.

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. 

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.

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.

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.

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.

ArmInfo.Mortgage loan debt per capita in Armenia for 9 months of 2023 amounted to $861 per person. The volume of the mortgage burden in the country is lower only than the indicators of Russia ($1397), ($1397), but significantly exceeds the indicators of Kazakhstan ($597), Belarus ($487), Azerbaijan ($198), Uzbekistan ($132) and Kyrgyzstan ($47).

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.

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. 

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.

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.  

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.

ArmInfo. The Armenian government is withdrawing from the mortgage loan income tax refund  program, but in return, similar tools will be introduced as part of the income declaration mechanism. Armenian Minister of Economy Vahan Kerobyan told reporters during a briefing on November 22.

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.  

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.