Thursday, October 20 2016, 12:50
ArmInfo. On October 19, INECOBANK presented a new product - InecoOne - a system to control cash online 24/7.
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Friday, October 14 2016, 22:48
ArmInfo. Head of the Association of Russian Banks Garegin Tosunyan says he is not ready to criticize the financial regulators, but disagrees with the policy of surplus amalgamation of the market players.
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Monday, September 5 2016, 19:15
ArmInfo. Banks of Armenia continue intensive capitalization, while experts anticipate new mergers till the end of 2016. According to the data of Financial Ranking of Armenian banks prepared by ArmInfo only 7 banks out of 19 have so far met the the minimal capital requirement, which according to the CBA's decision must not be less than 30 bln drams starting from 2017.
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Tuesday, August 30 2016, 19:38
ArmInfo. Share of non-performing loans (NPLs) in loan portfolio of half of Armenian banks has exceeded upper ceiling of critical threshold-upper than 16% versus international critical threshold of 10-15%. There are large creditors to the country's economy among them.
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Thursday, March 31 2016, 18:16
ArmInfo. Inecobank CJSC was named "Best Trade Partner Bank" in 2015 at IFC's 7th Global Trade Partners Meeting, which took place in Milan, Italy, in February 2016. The Best Trade Partner Bank WCSS Award recognizes Inecobank's major contribution to IFC's trade finance programs in Armenia, the press-service of Inecobank reports.
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Monday, February 8 2016, 16:58
ArmInfo. Most of Armenian banks have significantly corrected their financial results of 2014 in the report for 2015. Eventually, instead of the anticipated 32.8% decline of net profits in 2015, this indicator increased 12.4% to 18.3 bln drams ($37.7 mln).
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Friday, December 25 2015, 22:31
ArmInfo. Macroeconomic and financial stability predetermined economic growth in the mid-term. As a result it became possible to prevent further decline of purchasing power because of already small profits, Armenia's chief banker Arthur Javadyan told at the New Year reception in the Central Bank of Armenia on December 25.
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Tuesday, December 22 2015, 14:06
ArmInfo. Pioneer and one of the consumer lending leaders on the Armenian market, INECOBANK will shortly become one of the largest financial institutions of Armenia. To attain that goal, the Bank has settled the problem of capitalization successfully and effectively. To meet the Armenian Central Bank’s requirement that comes into effect in 2017, the Bank has recently increased its capital by acquiring the Armenian subsidiary of the German ProCredit Bank and attracted the European Bank for Reconstruction and Development (EBRD) – a reliable partner and institutional investor as a stakeholder. In an interview with ArmInfo, Chairman of the Management Board of INECOBANK Taron Ganjalyan speaks of the merger and further development strategy of the Bank.
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Wednesday, December 9 2015, 19:52
ArmInfo. The International Finance Corporation (IFC) supports consolidation of Armenian banks to boost SME lending. The Corporation's press office has told ArmInfo that IFC, a member of the World Bank Group, is providing a $20 million loan to Armenian Inecobank to support its acquisition of ProCredit Bank Armenia, promoting the first market-driven consolidation in Armenia's banking sector and boosting access to finance for small and medium enterprises. Further information will be presented at the Dec 10 event.
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Wednesday, November 6 2013, 13:52
ArmInfo. ProCredit Bank is pleased to launch its new look and fully-featured website: www.procreditbank.am .
The Bank's website is tailored to help any visitor of the website to get maximum information regarding the Bank's services and offers as well as contains detailed information about Pr
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Wednesday, November 6 2013, 13:52
ArmInfo. ProCredit Bank is pleased to launch its new look and fully-featured website: www.procreditbank.am .
The Bank's website is tailored to help any visitor of the website to get maximum information regarding the Bank's services and offers as well as contains detailed information about Pr
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Thursday, August 15 2013, 17:56
ArmInfo. In Q2 2013 consumer lending regained the biggest share in the lending portfolio of Armenia's banks. In Q4 2012-Q1 2013 the leader was industry.
According to ArmInfo's Ranking of Banks of Armenia, as of June 2013 consumer lending made up 359bln AMD ($875.8mln) or 21.1% of all loans. I
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Thursday, August 15 2013, 17:35
ArmInfo. In Jan-June 2013 as compared with Jan-June 2012 the mortgage loan book of Armenia's banks grew by 10.3% to 133.5bln AMD ($325.8mln) or 7.5% of all loans. In Q2 2013 the index grew by 0.8%.
According to ArmInfo's Ranking of Banks of Armenia, the top three in this segment are VTB Bank
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Thursday, August 15 2013, 17:33
Arminfo. The volume of the true credit investments by 30 June 2013 amounted to 1.8 trillion drams ($4,3 bln), or 67,2% out of assets, taking into account the reserves for possible losses - 1.7 trillion drams. The volume of reserves grew by 15% versus 2012, and twofold versus 2011. The credit in
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Monday, October 29 2012, 18:34
ArmInfo. ARARATBANK and Incofin Investment Management (Incofin IM, Belgium) signed an agreement on Incofin Investment Management's joining ARARATBANK's capital with a 10% stake. The document was signed by Chairman of ARARATBANK's Council Barsegh Beglaryan, Chairman of Board of ARARATBANK Ashot O
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Monday, October 29 2012, 18:34
ArmInfo. ARARATBANK and Incofin Investment Management (Incofin IM, Belgium) signed an agreement on Incofin Investment Management's joining ARARATBANK's capital with a 10% stake. The document was signed by Chairman of ARARATBANK's Council Barsegh Beglaryan, Chairman of Board of ARARATBANK Ashot O
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Tuesday, August 30 2011, 15:21
Arminfo. In Jan-June 2011 the amount of deposits by physical entities at commercial banks of Armenia grew by 15.3% against 3% growth in Jan-June 2010. In Q2 2010 alone the index grew by 8% against 7% growth in Q1 2011 and 3.6% decline in Q2 2010 to 470.4bln AMD ($1.3mln). As compared with Jan-Ju
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Tuesday, August 30 2011, 15:21
Arminfo. In Jan-June 2011 the amount of deposits by physical entities at commercial banks of Armenia grew by 15.3% against 3% growth in Jan-June 2010. In Q2 2010 alone the index grew by 8% against 7% growth in Q1 2011 and 3.6% decline in Q2 2010 to 470.4bln AMD ($1.3mln). As compared with Jan-Ju
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Tuesday, August 30 2011, 15:21
Arminfo. In Jan-June 2011 the amount of deposits by physical entities at commercial banks of Armenia grew by 15.3% against 3% growth in Jan-June 2010. In Q2 2010 alone the index grew by 8% against 7% growth in Q1 2011 and 3.6% decline in Q2 2010 to 470.4bln AMD ($1.3mln). As compared with Jan-Ju
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Saturday, August 27 2011, 11:32
ArmInfo. According to the table, the aggregate investments of Armenia's commercial banks in government bonds grew by 31.2% as compared with Jan-June 2010 and decreased by 8.2% in Q2 2011 alone against 4% drop in Q1 2011 and 2.2% growth in Q2 2010 to 110.3bln AMD or $299mln.
Ranking of the Ar
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