ArmInfo. The HSBC group has been moving its capital and focusing on its preferred markets, as has been the policy in recent years. Only since 2021, as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.

ArmInfo. The likelihood of attracting a new international brand to the Armenian financial market  is quite low. Economist Haykaz Fanyan expressed a similar opinion on his Facebook page, commenting on the HSBC's withdrawal from Armenian market.

ArmInfo.AraratBank has raised EUR 3 million from two funds advised by impact investor Incofin Investment Management: EUR 1,5 million from Volksvermogen NV and EUR 1,5 million from Incofin CVSO providing micro entrepreneurs an access to small loans.  

ArmInfo. Due to the current situation and in order to avoid crowds in the branches, by decision of the Board of ARARATBANK, clients (individuals and legal entities,  private entrepreneurs) will be provided with a "credit vacation" for  a period of 2 months, starting from March 16, if desired.

ArmInfo.

ArmInfo.The Netherlands Development Bank (FMO) provided ARARATBANK with another loan - this time in the amount of $ 10 million. According to the Bank's press  service, the funds will be used to develop SMEs, finance energy  saving projects or the so-called "green business".

ArmInfo.Mher Ananyan, who has many years of experience in the financial and banking sector, has been appointed Chairman of the Board - Executive Director of  ARARATBANK.

ArmInfo.ARARATBANK launched a three-year term deposit - "Ararat Comfort". As ArmInfo was informed in the press service of the bank, this deposit has an attractive  interest rate and the ability to replenish the amount without  visiting the bank. According to the source, the annual nominal  interest rate for dram deposits is 9%, for dollars - 4.65%, for euros  - 2.5%.

ArmInfo. ARARATBANK will end 2019 with the implementation of almost all planned indicators. This was announced on November 15 by the acting Chairman of the Board  of <ARARATBANK> OJSC Karen Sargsyan on the sidelines of the  presentation of the ARARAT-Mobile mobile application.

ArmInfo.On November 15, the Yans Club restaurant in Yerevan hosted the presentation of the updated ARARATBANK mobile application - ARARAT Mobile, which,  according to the acting Chairman of the Management Board Karen  Sargsyan,  is equipped with the best modern technologies and a  security system.

ArmInfo.The European Fund for Southeast Europe (EFSE) has once again teamed up with long-time partner ARARATBANK to drive local business growth in Armenia, as the press service of the bank informs by providing a multi-currency  senior loan equivalent to USD 10 million, the fund is supporting the  bank in offering tailored financial products that meet the needs of  micro and small enterprises, thereby strengthening the development of  this important sector while securing and creating jobs in the  country.

ArmInfo. The $ 3 million dollar issue of ARARATBANK coupon bonds (AMARBKB2KER7) has been listed on the Armenian stock exchange AMX. As noted in the official announcement of AMX, the face value of the bond is $ 25, the  circulation period is 51 months, the coupon yield is 5.5%, and coupon  payments are provided once a quarter. Bonds of this issue are  included in the main exchange list "Abond".

ArmInfo.ARARATBANK intends to launch a credit program for refugees. This was reported on June 11 by the Chairman of the Board, Executive Director of OJSC Ashot Osipyan at the 12th general meeting of shareholders of the bank. "Together with international partners, we will try to implement a very specific program - lending to refugees. This is an exceptional program. Now we are discussing the details with the EU, with whom we intend to start implementing this program, "he said. The banker also noted that the program will mainly focus on Armenian refugees, with whom meetings had previously been held to determine their needs.

ArmInfo.Until 2022, ARARATBANK intends to transform itself into Banktech (Bank + Fintech). Such a statement was announced by the Chairman of the Board of OJSC, Executive Director Ashot Osipyan on June 11 during the event, timed to coincide with the 12th general meeting of shareholders of the bank. , he explained. In particular, A.

ArmInfo. ARARATBANK and the European Fund for Southeast Europe (EFSE) have signed a synthetic loan agreement for a dram amount equivalent to $ 15 million, which  will be used to develop micro and small businesses in Armenia. On  April 3, the Chairman of the Board of ARARATBANK Ashot Osipyan  informed this at a press conference.

ArmInfo.ARARATBANK launches "Pre-New Year" campaign - cheap dollar mortgage loans, without paying for application analysis, without a one-time service fee, without  paying for real estate valuation, notarial and cadastral valuations.  As ArmInfo was told by the press service of the Bank, the campaign  will be valid until December 25 of this year.

ArmInfo.ARARATBANK was recognized by NASDAQ OMX Armenia winner in three nominations: "The Best Exchange Member", " The Best Exchange Member in the Government Bonds " and "The best participant in the market of corporate bonds".

ArmInfo.The probability of further lowering interest rates on mortgages is not ruled out. This forecast was provided by the Chairman of the Board - Executive  Director of ARARATBANK Ashot Osipyan in the fields of the Mortgage  Evening, which was held for the first time in Armenia on the  initiative of the Bank.

ArmInfo. Yesterday in  ARARATBANK for the first time a mortgage evening was held, during  which participants of the mortgage market of Armenia, from potential  borrowers and ending with the companies-developers met at one site.

ArmInfo.ARARATBANK has revised interest rates on mortgage loans. As the press service of the bank reports, starting from July 31, mortgage loans will be provided at an interest rate lower than the current one by 1 percentage point. In  particular, the interest rates on AMD mortgage loans will start from  10%, with the maturity - up to 20 years.