ArmInfo. The real estate market in Armenia continues to be overvalued, as stated by Umang Rawat, the IMF Resident Representative in Armenia, during an event on the fund's report "Caucasus and Central Asia: Economic Outlook and Policy Challenges".  In this context, he noted that according to the IMF and the Central Bank of Armenia, real estate prices in the country could be 30% lower.

ArmInfo. Acba Bank has started the public placement of the next coupon non-documentary dram bonds in  the amount of 5 billion drams with an annual coupon yield of 10.5%. This is noted in the Bank's message, which states that the placement started on November 11 and is scheduled to be completed on December 2. 

ArmInfo. On November 1, Converse Bank began the initial placement of dram and dollar bonds in  the amount of 5 billion drams and $5 million. The initial placement is scheduled to be completed by February 3, 2025. This is noted in the Bank's statement.  

ArmInfo.

ArmInfo.As a leader in Armenia's mortgage lending market, Ameriabank is represented by a separate pavilion at the specialized exhibition for the real estate and construction sector, Toon EXPO.

ArmInfo.The U.S. Development International Finance Corporation (DFC) today announced a commitment for a $50 million loan to ACBA Bank aimed at expanding financing for small businesses in Armenia, fostering economic growth and empowering entrepreneurship. According to the US Embassy in  Armenia, the Bank will direct at least 50% of the DFC funds to  finance women-owned and women-led businesses, aiming to create more  inclusive economic opportunities.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.At the meeting on 27^th of August this year, the Board of the Central Bank of the Republic of Armenia granted its preliminary approval for Ardshinbank CJSC to acquire 75% or more of direct significant stake in HSBC Bank Armenia. Prior to this, on 6^th of June the Commission for the Protection of Competition also approved the concentration of Ardshinbank and HSBC Bank Armenia.

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ArmInfo.

ArmInfo.The Central Bank has identified two main groups of risks threatening the financial  stability of Armenia. The first is the risk of escalation in conditions of high geopolitical uncertainty. The second is the risk of possible overheating in the mortgage lending market.  

ArmInfo.ARMSWISSBANK informs about starting the placement of 3 coupon bonds from the 10^th of June, 2024.

ArmInfo. The Board of the Central Bank of Armenia, adhering to the policy of protecting individuals  from currency risks, on May 24, 2024 decided to cancel the official clarification No. 1 to Article 7 (parts 5/1 and 8/1) of the Law "On Currency Regulation and Currency Control" introduced on March 11, 2007, according to which commercial banks were also allowed to issue card loans (including credit lines and overdrafts) in foreign  currency.

ArmInfo. The banking system of Armenia has begun actively lending to the economy and population, but the industrial sector remains the 'Achilles heel' of the loan  portfolio, according to the data of the Financial Rating of Banks of  Armenia as of March 31, 2024, prepared by ArmInfo.

ArmInfo.Ameriabank offers mortgage loans for our compatriots in the Diaspora. To buy real estate in Armenia, our compatriots in the Diaspora can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia, regardless of their country of residence and current location.

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.