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as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.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.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%.