ArmInfo. Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB).  ADB is supporting a portion of the facility through their Trade Finance Program (TFP) in the form of a guarantee.

ArmInfo. On December 5, the  international magazine Global Finance in London recognized  Ardshinbank CJSC as the Best Bank in Armenia on the market of  currency transactions in 2017. The press service of the Bank told  ArmInfo.

ArmInfo. The branch of  Ardshinbank "Tigran Mets" was reopened in a new modernized,  re-equipped and modern office. As the press service of the Bank  reports, the branch is equipped with a wide range of technical  capabilities that simplify the process of banking services.

ArmInfo. In Armenia, the  annual growth of non-cash transactions on plastic cards amounted to  25% in Jan-Sep 2017, slightly less than the dynamics of a year ago -  27%. According to the report of the Central Bank of Armenia, the  volume of non-cash card transactions for the reporting period  amounted to 189.7 billion AMD. In the third quarter of 2017 alone,  the volume of non-cash plastic operations changed from an upward 27%  to a downward trend of 10.1%, against an acceleration of growth from  21.5% to 40.7% in the third quarter of 2016.

ArmInfo. In the next 10  years, $ 872 million will be invested in the modernization of the  grid facilities of CJSC "Electric Networks of Armenia", part of the  Russian Tashir Group. This was announced by the Vice-President of the  Tashir Group of Companies, Directors of "Electric Networks of  Armenia" CJSC Karen Darbinyan.

ArmInfo. On November 10, the Board of the Central Bank of Armenia registered changes made in the agreements between Amundi-ACBA-Asset Management and Central Depository of Armenia.

ArmInfo. The banking system  of Armenia in January- September 2017 sent 31.7 billion drams to the  state treasury, which is 13.6% higher than the figure of a year ago.  Of this amount, over 89.3% or 28.3 billion drams was paid for direct  taxes (including income tax and income tax), with an annual growth of  12.8%. According to the RA State Revenue Committee, in the first  hundred of the largest taxpayers of Armenia in the first 9 months of  2017, out of 17 operating banks, 12 (12 out of 19 of those operating  in the same period in 2016) fell. Among them in the top five banks of  taxpayers - Ardshinbank, ACBA-Credit Agricole Bank, VTB Bank  (Armenia), Ameriabank and Armbusinessbank, which figured in the top  five and a year earlier. Over the first 9 months of 2017, the top  five banks sent 16.5 billion drams to the state treasury (annual  growth of 18.7%), of which 15.1 billion drams - on direct taxes  (annual growth of 18.9%).

ArmInfo. Commercial banks of  Armenia have already accumulated $ 180 million to implement projects  in the field of renewable energy, but they are not fully used. On  November 8, the national expert of the EU4Energy project of the  Energy Charter Astghine Pasoyan told the ArmInfo news agency on the  margins of the forum that opened in Yerevan on the potential of  Armenia in the energy sector. The forum is organized by the Ministry  of Energy Infrastructures and Natural Resources of the Republic of  Armenia, the delegation of the European Union in Armenia and the  Energy Charter.

ArmInfo. Ardshinbank offers  natural persons loans to individuals on security of real estate on  improved terms - the interest rate has been reduced and the size of  the loan has been increased, and for bona fide borrowers 5% cash-back  operates. As the press service of the Bank explained to ArmInfo, for  AMD credits of this class, now the annual rate starts at 14%, for USD  loans - from 12% and for EUR - from 10%.

ArmInfo. For the participants of the  Defined Contribution Pension System (DCPS), the determining factor in determining the amount of the pension will not be the number of years of working experience, but the amount of the accumulated amount. As the press service of the pension system (PS) told ArmInfo, nevertheless, for some participants of the new system, work experience will be taken into account in the future.

ArmInfo. Ardshinbank has made major improvements in terms and conditions of cash loans by  lowering the interest rates – 20% per annum. The maximum loan amount that the clients can get is increased - AMD 1 600 000. The loan term is up to 120 months The loan is provided for any purpose, without collateral or under the guarantee of third parties.. 

ArmInfo. Ardshinbank reduces  interest rates on all loans secured by gold. As the press service of  the Bank reports, this condition has been in effect since October 11  2017.

ArmInfo. Ardshinbank was recognized as the safest bank in 2017 by the prestigious American magazine “Global Finance”. This exclusive survey includes the leading banks of 106 countries around the world. Banks were selected through an evaluation of long-term foreign currency ratings — from Moody’s, Standard & Poor’s and Fitch — and total assets of the 1000 largest banks worldwide.

ArmInfo. Ameriabank offers "ArCa Mir" co-branded payment cards on flexible and competitive terms.

ArmInfo. Ardshinbank offers better terms on loans for entrepreneurs and legal entities engaged in agriculture and business. Following the new terms, one can now get a loan in AMD at an annual interest rate starting from 11.25%, in USD – from 9,75%, and in case of loans in Euro – from 9%. Loans are provided without submission of statements on financial data.

ArmInfo. Ardshinbank announces better terms on credit lines with reduced limits within salary projects. According to the new conditions, it is now possible to get a credit line up to 14 times the salary. The term of credit line has also been extended, according to which it can be repaid up to 70 months.

ArmInfo. Ardshinbank improved  terms for property secured loads, reducing maximal level of interest  rates.  According to the press service of the company, Ardshinbank  announces reduced interest rates and better lending terms for loans  secured by property. Thus, the current annual interest rate on  consumer loans in AMD is 14.25-19.95% without the need to submit a  statement of income and 14.25-17.75% with income certificate. The  interest rates on express renovation loans in USD are 12.75-17.95%  without income certificate and 12.75-15.25% with income certificate,  as well as 12-14.95%, 12-13.45% in Euro accordingly. Following the  new terms, it is now possible to get up to AMD 40 million, USD 80,000  and EUR 70,000 loan amount.

ArmInfo. Armenian Card  modernized the logo - the ArCa trade mark, with an up arrow on the  letter A, marking the passed way of the National Unified Payment  System (ENP) and successfully moving towards the set goals.

ArmInfo. National payment systems Armenian Card and MIR (operator of the system - National Payment Card System (NSPC)) have successfully completed a pilot project on mutual acceptance of bank payment cards ArCa and and started to service them. As the director of the Armenian Card, Ishkhan Mkhitaryan told ArmInfo correspondent, all the works were carried out within the timeframes stipulated by the road map signed in Yerevan by the payment systems of the two countries in November 2016. "At the moment, it can already be said that the project has taken place, and transactions with the maps" Mir "in Armenia are already a reality.

ArmInfo. ACBA-Credit Agricole Bank, being one of the first partners of the Russian MIR payment system, announced the launch of the ArCa-MIR chip-based co- branded cards. As ArmInfo was told in the press service of the Bank, in Armenia this card will act as "ArCa", and on the territory of Russia - as a "MIR" card.