ArmInfo. Increase of capital adequacy ratio in 2015 testifies to stability of Armenia's financial system. While presenting report on Armenia's financial stability at year end -2015 Head of Financial System Stability and Development Department of CBA Andranik Grigoryan explained that according to the results of 2015 growth of Armenian banks' capital adequacy ratio was registered at the background of growth of total capital of the system by 74 bln AMD.

ArmInfo. ACBA-Credit Agricole Bank has launched an ACBA Ticket free mobile application (https://www.acba.am/hy/news/acba-ticket-launch), aimed at ensuring efficient customer service at the branches of the Bank. The press office of ACBA-Credit Agricole Bank has told ArmInfo that with the help of this application a customer can choose a specific branch in Yerevan, select the necessary service, indicate the convenient date and hour of service and visit the branch on that very day and at that very time. The coupon number will appear on the screen under the letter "M". The given app will allow the customer to save time. 

ArmInfo. ACBA-Credit Agricole Bank presents new features of its ACBA Mobile application (https://www.acba.am/hy/individuals/distance-banking/acba-mobile). From now on the clients of the bank may pay off a loan fully or partially and submit application for receiving reference from an embassy. As the press-service of the bank informed ArmInfo, along with the new feature the application allows making money transfers to accounts at any of Armenian banks, utility payments, refilling of deposit account, currency conversion, receiving information about the obligations towards the bank.

ArmInfo. ACBA Leasing company is participating as financial partner in the Week of Economic Capacities, which is being held in Yerevan on May 19-22 within the German Society for International Cooperation (GIZ) "Private Sector Development in the South Caucasus. Economic Integration of Syrian Armenians" Program, Marketing Specialist of ACBA Leasing Julia Nickoghosyan told ArmInfo's correspondent on May 20.

ArmInfo. Names of four winners of "Certification of Organic Agricultural Product" contest are known. ACBA-Credit Agricole Bank and Nature and Biodiversity Conservation Union (NABU) held the contest. As the press-service of the bank informed ArmInfo, "Mer Sarer" LLC (production of honey), "Mega Ararat" company (gathering of mountainous fruits and plants, production of tea), "Armberry" (raising of raspberry) and private entrepreneur Vahagn Hakobyan (raising of blackberry) are the winners.

ArmInfo. ACBA-Credit Agricole Bank will hold a free business seminar for the heads of SMEs on May 24-27, the Bank's press-office told ArmInfo. According to the source, the seminar will cover 5 key topics, offering theoretical knowledge and practices for optimal business management and use of a number of marketing instruments. The upcoming seminar will be dedicated to "Optimization of Business Management" and "Practical Marketing", but the list of the topics will shortly be expanded.

ArmInfo. VTB Bank (Armenia) retains leadership on the plastic cards market in terms of both the number of cards and amount of transactions. By 1 April 2016, the number of active cards of the Bank totaled 496.6 thsd, with the total amount of transactions exceeding 210.3 bln AMD. The press office of the Bank has told ArmInfo that the Bank retains leadership by not only the total number of plastic cards but also by Visa cards - over 418.2 thsd as of 1 April 2016. At the same time, the Bank is among the TOP-3 by the number of MasterCards - over 78.3 thsd.

ArmInfo.  In Q1 2016, the bankingsystem of Armenia paid 9.3 bln AMD or $19.4 mln in taxes (4% lessthan a year before). Over 88% of this amount, or 8.2 bln AMD, was paid in direct taxes (including profit tax and income tax), 6% less than a year before. According to the Armenian State Revenue Committee, in Q1 2016 the top hundred taxpayers of Armenia included 13 out of the 21 banks (13 banks in Q1 2015). The top five taxpayers among the banks are ACBA-Credit Agricole Bank, Ardshinbank, VTB Bank (Armenia), Ameriabank and HSBC Bank Armenia (the same banks were also the top five in Q1 2015). In Q1 2016, these banks paid a total of 4.5 bln AMD in taxes (down 8% versus Q1 2015), including 4 bln AMD in
direct taxes (down 7% versus Q1 2015).

ArmInfo. In Q1 2016 net profit of Armenia's banking system grew by 33% y-o-y to 3.1 bln AMD ($ 6.4 mln), but the role of profits from credits was not significant in ensuring it.  According to the Express Ranking of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo) this indicator grew due to mainly four banks, which demonstrated profits after registering tangible losses and ensured 2-4-fold y-o-y growth. 16 banks in total operated with profit in Q1 2016, 7 of which have worsened their financial result by 18-71%.

ArmInfo. ARARATBANK cancels loan commitments of those who have been killed on the frontline and members of their families. The press-service of the bank has informed ArmInfo, that a loan commitment of one of soldiers, who was killed in  Artsakh, has already been canceled.

ArmInfo. ACBA-Credit Agricole Bank has made a decision to cancel loan commitments of those who have been killed on the frontline and members of their families.

ArmInfo. Budgetary expenditures on subsidizing interest rates of agricultural loans will total 15 bln AMD (as in 2015), which will be provided in two tranches: 7.5 bln AMD for spring field work and 7.5 bln AMD for autumn field work, Head of the Agricultural Programs Development Department of the Ministry of Agriculture Hrachya Tspnetsyan told ArmInfo's correspondent.

ArmInfo. By launching ACBA Mobile application ACBA-Credit Agricole Bank provides its clients with an opportunity to manage their accounts in any time from any part of the world. As the pres-service of the bank informs, the bank's clients can manage their accounts   by using a smartphone or a tablet with IOS or Android system with internet access.

ArmInfo. Agriculture Ministry of Armenia and ACBA-Credit Agricole Bank will sign a memorandum of understanding and cooperation soon. Hakob Andreasyan, CEO of ACBA-Credit Agricole Bank, and Sergo Karapetyan, Minister of Agriculture made an arrangement on it, on March 9, according to the Ministry.

ArmInfo. ACBA-Credit Agricole Bank continues holding free business-seminars for the heads of small and medium enterprises. As the press service of the bank informed ArmInfo, recently the first business-seminar of 2016 has finished, the topics of which were "Optimization of Business Management" and "Practical Marketing". The next business-seminar for the heads for SMEs will be held on May 24-27.

ArmInfo. ACBA-Credit Agricole Bank, the exclusive representative of American Express in Armenia, announces a special offer for AMEX cardholders. In particular, from March 5th through March 8th, by making payments with American Express Gold, American Express Blue and American Express Cashback cards in Papaya, Avenue des Fleurs, Hermitage, Parfois stores, the cardholders will receive presents on the spot. For more details, please visit:  https://www.acba.am/uploaded/AmEx.pdf To obtain American Express card, please order it at the website of ACBA-Credit Agricole Bank by filling the application forms available at the following links:  for American Express Gold - http://www.americanexpress.am/am/Private/ourcards/Amex%20Gold%20Card/form1/ for American Express Blue - http://www.americanexpress.am//am/blue/benefits/blue_appl/ for American Express Cashback - http://americanexpress.am/cashbackcard/Forms/RegisterFront/4

ArmInfo.  Budgetary expenditures on subsidizing interest rates of agricultural loans are reduced in 2016 to 1.163 bln AMD versus 15.2 bln AMD in 2015. Subsidizing of interest rates of agricultural loans under the state program 2016 started on March 1, relevant decision was made at the government's session today. 

ArmInfo. ACBA-Credit Agricole Bank will hold a business seminar for the heads of SMEs this year, the Bank's press-office told ArmInfo. ACBA-Credit Agricole 

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). 

ArmInfo. Six big Armenian banks secured the Central Bank's minimum total capital requirement for 2017 - 30 bln drams - as early as in the beginning of 2016. These are Ameriabank, ACBA-Credit Agricole Bank, HSBC Bank Armenia, Ardshinbank, VTB Bank (Armenia) and INECOBANK.