ArmInfo.The banking system of Armenia in Jan-Sept 2023 sent 111.8 billion drams or $284.1 million to the state treasury through taxes, which is 2.4-fold higher than the year-ago. Of this amount, 91.1% or 101.9 billion drams were paid for direct taxes (including profit tax and income tax), with an increase of 2.6-fold over the year, according to the data from the State Revenue Committee.

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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ArmInfo.The list of 1000 major taxpayers in Armenia continues to be headed by Zangezur Copper-Molybdenum Combine CJSC (ZCMC), according to the data from the State Revenue Committee for January-September 2023.

ArmInfo.Ardshinbank has developed special "Standard" and "Standard+" packages for individual entrepreneurs and legal entities registered in the Republic of Armenia. The packages include various banking services to help entrepreneurs manage their finances more efficiently and conduct banking operations.

ArmInfo. Armenian banks are reviving their credit policy after "resting on immigrants' laurels".  This must be done quickly and competently in order to maintain profit growth and avoid its serious decline.

ArmInfo.Dear compatriots of Artsakh, Ardshinbank has taken a series of measures to ensure your convenience and access to financial operations.

ArmInfo.The information on social networks about the alleged withdrawal of funds from social  assistance by Armenian banks to forcibly displaced residents of Artsakh is pure insinuation and fake.

ArmInfo.Commercial banks in Armenia are currently conducting an inventory of tangible and  intangible assets in order to get a complete picture of the problems  that have arisen as a result of the situation in Nagorno-Karabakh. 

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ArmInfo.International magazine Asian Banking & Finance awarded Ardshinbank with the nomination "RETAIL BANK OF THE YEAR OF ARMENIA" for achievements in the development of retail financial business. The winner is selected based on strong financial performance, innovative products, a customer-oriented approach, and a commitment to sustainability.

ArmInfo. The Eurasian Development Bank (EDB) is floating a debut bond issue on the Armenia Securities Exchange (AMX), bidding is taking place through Ardshinbank between 15 and 31 August 2023. 

ArmInfo.Fitch Ratings has upgraded Ardshinbank CJSC's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' with a stable outlook. At the same time, the bank's Viability Rating (VR) upgraded from "b+" to "bb-", highlighting the bank's strengthened position in Armenia's banking system and its exceptional financial performance.

ArmInfo. There is practically no policy aimed at developing high value-added industries in Armenia.  This, in fact, is evidenced by the data of both the RA Statistical  Committee and the list of the largest domestic taxpayers. Doctor of  Economic Sciences, Professor Ashot Tavadyan expressed a similar point  of view in an interview with ArmInfo.

ArmInfo.American famous S&P Global Ratings company has improved the outlook on Ardshinbank, revising it to “Positive” from “Stable” and has affirmed 'B+/B' long-term and short-term issuer credit ratings on the bank.  Thus, the rating assigned to the Bank is equal to the sovereign rating level of the Republic of Armenia.

ArmInfo.At the end of H1 2023 two Armenian banks, Ameriabank and Ardshinbank entered the TOP-5 of the list of 1000 largest taxpayers in Armenia, ranking 4th and 5th,  respectively, in annual terms (from 18th and 24th in H1 2022). This  is evidenced by the data of the State Revenue Committee of Armenia.

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ArmInfo.Ardshinbank will become a partner of Sevan Startup Summit 2023, which will be held on July 23-29 on the shore of the Lake Sevan and will bring together entrepreneurs, investors, and startuppers from around the world.

ArmInfo. The profit growth rates of Armenian banks slowed down significantly amid the ongoing serious slowdown in lending to the economy. Thus, the net profit of Armenian  banks increased by 24.8% per annum inH1 2023 (against a 2.8-fold jump  in the same period in 2022), reaching 73.6 billion drams ($367.8  million), while slowing down strongly in quarterly growth from  3.4-fold to 5.2% alone.