Friday, May 3 2024, 18:22
ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10 million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD. |
Thursday, May 2 2024, 15:14
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Monday, April 22 2024, 16:36
ArmInfo.The net profit of Armenian banks increased in by 18.8% per annum Q1 2024 (after a 2.2-fold increase a year earlier), exceeding 83.1 billion drams ($211.4 million). It was possible to maintain the positive dynamics of net profit thanks to the acceleration of the y-o-y growth of the loan portfolio from 3.5% to 18.7%, ensuring a volume of 5.1 trillion drams ($13 billion), according to the data of the Express Ranking of Banks of Armenia on March 31, 2024, prepared by ArmInfo IC. In Q1 2024 alone, the net profit of banks increased 5.6-fold, while a year earlier in the same period a meager quarterly growth of 1.5% was recorded, and in Q4 2023, the dynamics completely slipped to negative 35%. |
Monday, April 22 2024, 14:38
ArmInfo. As part of their working visit to Washington to participate in the Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG), a delegation of Armenia's Ministry of Finance led by Minister Vahe Hovhannisyan held a number of meetings with international partners. |
Monday, April 8 2024, 19:21
ArmInfo. The transaction to acquire 90% of the shares of Ameriabank by the BOGG PLC international financial group, the main asset of which was Bank of Georgia, was completed last Friday. Now a second major asset in the form of Ameriabank has joined the Group. As previously reported, the total transaction amount was $303.6 million. |
Friday, April 5 2024, 23:53
ArmInfo. We've had extensive conversations with all the countries in the region, from Turkiye, frankly, through to Central Asia about the importance of building a strong transport corridor. And I believe there's great willingness and interest in seeing movement in that direction. US Assistant Secretary of the Bureau of European and Eurasian Affairs, Ambassador James O'Brien stated at a briefing at the Department of State. |
Monday, April 1 2024, 21:59
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Monday, March 25 2024, 17:07
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Wednesday, February 28 2024, 17:54
ArmInfo. The construction of an industrial-scale solar power plant, Mets Masrik, in Armenia is nearing completion. This was stated on February 28 from the rostrum of parliament by Chairman of the Public Services Regulatory Commission, Garegin Baghramyan, whose candidacy was again nominated by the RA government for the post of head of the PSRC. |
Monday, February 26 2024, 17:03
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Tuesday, February 20 2024, 15:26
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. |
Tuesday, February 20 2024, 15:25
ArmInfo. The entry of a bank with an international brand into the financial market of Armenia is always desirable and important, Chairman of the Union of Banks of Armenia Daniel Azatyan stated during the final press conference on February 20, speaking about the deal to acquire Bank of Georgia Group PLC (BOGG) of one of the leading Armenian banks Ameriabank CJSC. |
Monday, February 19 2024, 15:52
ArmInfo. Ameriabank (the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (“EBRD”) retaining their 10% shareholding in Ameriabank. |
Monday, February 19 2024, 14:21
ArmInfo. Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement. |
Thursday, February 15 2024, 19:44
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Thursday, February 15 2024, 17:45
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Thursday, February 15 2024, 13:04
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Thursday, February 8 2024, 16:41
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