ArmInfo. Moody's Investors Service upgraded Ardshinbank's rating with Stable outlook. As the  press service of the bank told ArmInfo, Ardshinbank is granted a  rating equal to the sovereign rating of the Republic of Armenia,  which is the best rating indicator for a private entity in the  country.

ArmInfo.The dram and dollar tranches of Ardshinbank bonds, with issue volumes of 1.5 billion drams and $ 10 million respectively, were listed on the Armenian  Stock Exchange on August 28. ArmInfo was informed about this in the  press service of the bank.

ArmInfo.In the h1 of 2019, the banking system of Armenia sent 29.4 billion drams or about $ 62 million tax to the state treasury, which is 6.5% higher than the  indicator a year ago. Of this amount, over 95.2% or 28 billion drams  were paid on direct taxes (incl. profit tax and income tax), with an  YOYgrowth of 16.2%.

ArmInfo.Ardshinbank offers new refinancing terms. Customers have the opportunity to transfer consumer loans secured by real estate pledge from other banks and credit organizations in RA to Ardshinbank with 3% lower annual interest rate, extending the loan term and reducing the monthly burden of loan repayment. Moreover, when refinancing a loan, Ardshinbank provides a "Credit Vacation", which means that the customer is free not to make any repayments for the first six months*.

ArmInfo.On August 9, The National Gallery of Armenia hosted an exceptional exhibition under the headline “Ancient Rome Colorful Visions: Mosaics from Capitoline Museums”.

ArmInfo.Ardshinbank has significantly improved the terms of loans in Armenian drams with real estate pledge, the press service of the Bank informs. The Bank has  launched a "Credit Vacation", according to which customers can move  their loans with real estate pledge to Ardshinbank up to 3% lower  annual interest rate, extend the loan term and simplify the monthly  repayments. Moreover, the customer is free not to make any repayments  for the first six months.

ArmInfo.Ardshinbank leads in net profit for the second quarter of 2019 - more than 3 billion drams ($ 6.3 million), ensuring unprecedented growth. According to published  financial reports, for the II quarter this figure increased by 34.6%, and in annual terms - by 2.2 times. This is noted in the message of the bank.

ArmInfo. Ardshinbank faces changes - Vache Gabrielyan and  Dmitry Ladikov-Roev are included in the Board. This was reported to  ArmInfo in the press service of the bank. For two decades, Vache  Vazgenovich Gabrielyan held a number of senior executive positions in  state structures of Armenia, including the posts of RA Deputy Prime  Minister, Minister of Finance, Minister of International Integration  and Reforms, a member of the Central Bank Council, as well as Deputy  Chairman of the Central Bank of Armenia. Currently, Vache Gabrielyan  is the dean of the College of Business and Economics at the American  University of Armenia.V. Gabrielyan graduated from the Faculty of  Economic Cybernetics of Yerevan State University with a degree in  economics and mathematics, as well as the Faculty of Public  Administration of Rutgers University (New Jersey, USA) with a degree  in Public Administration, where he received a Ph.D. He is the author  of a number of scientific papers published in Armenia and abroad.

ArmInfo. In June 2019, Ardshinbank began issuing its own bonds in Armenian drams and US dollars. The AMD bonds issue boos will be open until September 1,  while USD bonds issue books - until August 2.

ArmInfo.

ArmInfo.Ardshinbank offers their customers convenient, fast and affordable way of organizing summer vacations - “Travel Packs for Summer” available at any branch of the bank. The “Travel Pack for Summer” includes: Instant Loan, Travel Insurance, International Payment Card, Personal Safe Deposit Box and Mobile Banking.

ArmInfo. Ardshinbank and Visa International Payment and Setllement System offer individual Visa cardholders to get exclusive rewards on non-cash transactions from June 15 to September 15. The press service of the bank told ArmInfo that rewards will go to those cardholders who will be the first to exceed the minimum threshold limits for non-cash transactions defined by the Bank.

ArmInfo.Today, Komitas Museum-Institute hosted the trilateral contract signing on the sponsorship of the Komitas 150 Festival between the Ministry of Education, Science, Culture and Sport of the Republic of Armenia, Komitas Museum-Institute and Ardshinbank.

ArmInfo.According to Ardshinbank’s new mortgage lending terms, the annual interest rate has been reduced in case of AMD 35 million maximum credit limit. Ardshinbank provides loans for the purpose of residential property - up to AMD 100 million credit, starting from 6.97% effective interest rate, more over, without the requirement of income analysis.

ArmInfo. The 5th anniversary was  celebrated by the Amundi-ACBA- Asset-Management pension fund,  established in Armenia by ACBA-Credit Agricole Bank and French  company AMUNDI. According to the press service of Bank ACBA-Credit  Agricole, Amundi-ACBA- Asset-Management manages assets of more than  95 billion drams under the management of Amundi-  ACBA-Asset-Management.In connection with the 5th anniversary,  Amundi-ACBA-Asset-Management intends, with a three-year profit, to  send 40,000 euros for the implementation of cultural and educational  programs to the French University of Armenia and the TUMO Center for  Creative Technologies.Chief Executive Officer of the French company  AMUNDI, Bernard de Wit, said: "Armenia is the first country in the  region that adapted this system and initiated a similar approach in  pension reform. It was quite attractive, so we decided to get  involved in this process and ensure Armenia's exemplary status of the  country in pension reform plan. Other countries in the region have  shown interest in the Armenian accumulative pension system, and in  this context the country is becoming an example. 

ArmInfo.Ardshinbank has launched savings account, allowing customers to put money into an interest-bearing account. Savings account can be opened in Armenian drams, interests are paid in case of minimum AMD 50,000 deposit. Interest rates on savings accounts, which are paid on a monthly basis, currently stand at 6 - 9,5% AIR, depending on the deposit term. The longer the deposit term and the higher the deposit amount, the higher the interest rate.

ArmInfo. Armenian Prime Minister  Nikol Pashinyan met on May 20 with the Deputy Chief Executive Officer  of AMUNDI Company Bernard de Wit, and the delegation headed by him.  Note that the French company "AMUNDI" is the main shareholder of the  pension fund CJSC "AMUNDI-ACBA Aset Management". 

ArmInfo. On May 20, Vice Premier of  Armenia Mher Grigoryan at a meeting with a delegation of the French  company AMUNDI, which holds a 51% stake in the pension fund  AMUNDI-ACBA Asset Management, stated that the Government is ready to  expand the scope of cooperation.

ArmInfo. In Armenia, the number of plastic cards increased in the Q1 of 2019 compared to the same period of 2018 by 17.3% to 2.094 million pcs, against a growth of 14.9% a year earlier. At the same time, the y-o-y growth of the total volume  of plastic transactions slowed down to 22.5% in the Q1 of 2019 from  27.2% in the Q1 of 2018, making 495.2 billion drams. This is  evidenced by the data of the Central Bank of Armenia.

ArmInfo.On May 17, Ardshininbank reopened its “Noyemberyan” branch, with up-to-date technologies and solutions. From now on, the customers of "Noyemberyan" branch will receive high quality and complex banking services.