Armenia`s pensioners to get cash-back without changing accounts next  year
 Wednesday, December 6 2023, 12:57

ArmInfo.In 2024, the program for the return of pensions and benefits for transactions on  non-cash payments for beneficiaries will not undergo any changes, Minister of Finance of the Republic of Armenia Vahe Hovhannisyan stated on December 6, during the presentation of the final version of  the draft state budget of Armenia for next year. 

Ardshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazine
 Friday, December 1 2023, 15:50

ArmInfo.Ardshinbank has been distinguished as the Bank of the Year in the country for 2023 by The Banker, a renowned international financial publication under the Financial Times Group. In a comprehensive evaluation, financial organizations were rigorously assessed across various performance criteria, including growth, profitability, operational efficiency, asset quality, liquidity, and reliability, among others.

The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.
 Friday, November 24 2023, 16:31

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the European Union have provided Ardshinbank with a $20 million credit for the development of Micro, Small, and Medium-sized Enterprises (MSMEs) in Armenia. The financial package aims to support growth, competitiveness, and green economy initiatives in Armenia. The agreement was signed on November 24 in Yerevan.

ArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lending
 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.

Ardshinbank and Dalan Technopark have signed a cooperation agreement.  
 Thursday, November 23 2023, 17:06

ArmInfo.Ardshinbank and Dalan Technopark have announced the signing of a cooperation agreement. Ardshinbank has become the main partner of the technopark, financing one of the largest projects in the construction industry.

Two Armenian banks, Acba Bank, Converse Bank start issuing UnionPay  International cards
 Monday, November 20 2023, 20:50

ArmInfo. In Armenia, Acba Bank and Converse Bank are starting to issue cards of the China UnionPay  system. Let us remind you that Acba Bank has been servicing China UnionPay cards since October 2019. ArmInfo was informed by Acba Bank and Converse Bank.

"Toxic" loans by Armenian commercial banks up again amid accelerated  growth in retail lending 
 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.  

Ardshinbank has opened the "Vardanants" branch to serve small and medium-sized businesses.
 Friday, November 17 2023, 15:49

ArmInfo.On November 17, Ardshinbank officially opened the new “Vardanants” branch, which is a specialized in serving and financing small and medium-sized business clients. While the branch specializes in meeting the unique needs of businesses, it also extends its services to individuals, offering a comprehensive range of modern banking solutions provided by Ardshinbank.

Daniel Azatyan elected new chairman of Union of Banks of Armenia
 Wednesday, November 15 2023, 20:58

ArmInfo. Daniel Azatyan was elected as the new chairman of the Union of Banks of Armenia (UBA)  for a term of 3 years. This is noted in the UBA message, which states that he assumed this position on November 15.

Ardshinbank has been recognized as the "Best Corporate" and "Best ESG Bank" in Armenia by Euromoney magazine
 Tuesday, October 31 2023, 18:33

ArmInfo.The British financial magazine Euromoney has awarded Ardshinbank with two prestigious titles: "Best Corporate Bank" and "Best Bank for ESG" (Environmental, Social, and Governance). Earlier in 2023, Euromoney named Ardshinbank the best bank in Armenia for the third time. The "Euromoney Awards for Excellence" competition is held annually, and international experts select the best banks from 100 countries in various categories.

Tax payments of banking system of Armenia have increased  significantly
 Thursday, October 26 2023, 18:01

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.

Bonds of Eurasian Development Bank have started to be listed  on main  Abond list of Armenia Securities Exchange
 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.

Zangezur Copper-Molybdenum Combine continues to lead list of major  taxpayers in Armenia
 Thursday, October 26 2023, 13:45

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.

Ardshinbank offers "Standard" and "Standard+" packages for individual entrepreneurs and small and medium-sized enterprises
 Tuesday, October 24 2023, 14:19

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.

Armenian banks are returning to lending to keep profits up
 Wednesday, October 18 2023, 20:18

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.

Package of Services Offered by Ardshinbank for Our Compatriots from Artsakh
 Friday, October 13 2023, 16:00

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

Ardshinbank has received STP Award for outstanding achievements in payment quality  
 Tuesday, October 3 2023, 14:02

ArmInfo.Ardshinbank garners esteemed recognition, receiving the STP Quality Award from Commerzbank for its exceptional accomplishments in maintaining superior international transfer standards.

Banks of Armenia, in cooperation with Government and CBA, to offer  individual and general solutions to forcibly displaced people from  Artsakh - Central Bank
 Monday, October 2 2023, 17:20

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. 

Ardshinbank recognized as Retail Bank of the Year in Armenia by Asian Banking & Finance magazine
 Friday, August 18 2023, 12:29

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.

 Monday, August 14 2023, 14:19


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