ArmInfo. In Q3 2012 the mortgage loan book of Armenia's commercial banks grew by 2.6% to 124.2bln AMD or $305.6mln. As compared with Q3 2011 it grew by 20.8%. According to ArmInfo's Ranking of Armenia's Commercial Banks, HSBC Bank Armenia, Armbusinessbank and VTB Bank (Armenia) have the bigg

ArmInfo. In Q3 2012 Armenia's commercial banks lend SMEs a total of 421.5bln AMD or $1bln – 26.9% of all of their loans and 45.1% more than in Q3 2011. As compared with Q2 2012 the index roped by 1.9%. According to ArmInfo's Ranking of Commercial Banks of Armenia, Ardshininvestbank register

ArmInfo. In Q3 2012 the mortgage loan book of Armenia's commercial banks grew by 2.6% to 124.2bln AMD or $305.6mln. As compared with Q3 2011 it grew by 20.8%. According to ArmInfo's Ranking of Armenia's Commercial Banks, HSBC Bank Armenia, Armbusinessbank and VTB Bank (Armenia) have the bigg

ArmInfo. Shen Concern CJSC, a large manufacturer of building materials in Armenia, is introducing advanced standards of corporate management, President of Shen Concern CJSC Samvel Beglaryan told ArmInfo. He added that the International Finance Corporation (IFC) and the Corporate Governance Cente

ArmInfo. Within the framework of the renovation project of common use premises in multi-apartment buildings the roof renovation of the second building has already started in the Vanadzor city. Habitat for Humanity Armenia Foundation, together with Inecobank CJSC is implementing a two-year re

ArmInfo. INECOBANK has announced a new deposit promotion campaign on the occasion of the World Savings Day and invited its old and new customers to participate in it, the bank's press-service told ArmInfo. The source reports that the customers joining the campaign will be provided with Ineco

ArmInfo. Within the framework of the renovation project of common use premises in multi-apartment buildings the roof renovation of the second building has already started in the Vanadzor city. Habitat for Humanity Armenia Foundation, together with Inecobank CJSC is implementing a two-year re

ArmInfo. INECOBANK has announced a new deposit promotion campaign on the occasion of the World Savings Day and invited its old and new customers to participate in it, the bank's press-service told ArmInfo. The source reports that the customers joining the campaign will be provided with Ineco

ArmInfo. Even if reduced by 1% the Central Bank's refinancing rate might help the Armenian exporters to recover from their losses, Development Manager of Ameriabank Tigran Jrbashyan said during a press-conference on Tuesday. He thinks that the reduction is possible if not prevented by the new

ArmInfo. Even if reduced by 1% the Central Bank's refinancing rate might help the Armenian exporters to recover from their losses, Development Manager of Ameriabank Tigran Jrbashyan said during a press-conference on Tuesday. He thinks that the reduction is possible if not prevented by the new

ArmInfo. The International Finance Corporation (IFC) has recognized Ameriabank CJSC the Best GTFP (Global Trade Finance Program) Issuing Bank for Energy Efficiency in Europe and Central Asia, the press service of Ameriabank told ArmInfo. The award ceremony took place in Dubai on the margins

ArmInfo. The Green for Growth Fund, Southeast Europe (GGF, the Fund) and Inecobank CJSC (Inecobank, the Bank) in Yerevan, Armenia, signed a USD 10 million loan agreement to expand the Bank's lending capacity for energy efficiency (EE) projects at the retail and small and medium enterprise (SME)

ArmInfo. The International Finance Corporation (IFC) has recognized Ameriabank CJSC the Best GTFP (Global Trade Finance Program) Issuing Bank for Energy Efficiency in Europe and Central Asia, the press service of Ameriabank told ArmInfo. The award ceremony took place in Dubai on the margins

Arminfo. Chairman of Armenia's Central Bank Artur Javadyan and Finance Minister Vache Gabrielyan left for Tokyo on 8 October to take part in the annual meeting of IMF amd WB from 8 to 12 October. Press-service of the Finance Ministry reported, over the visit the meetings with representatives

ArmInfo. The Green for Growth Fund, Southeast Europe (GGF, the Fund) and Inecobank CJSC (Inecobank, the Bank) in Yerevan, Armenia, signed a USD 10 million loan agreement to expand the Bank's lending capacity for energy efficiency (EE) projects at the retail and small and medium enterprise (SME)

ArmInfo. An event dedicated to risk management in the Armenian financial market will take place on September 27. The organizers of the event are IAB Centre, Union of Banks of Armenia, and Global Association of Risk Professionals (GARP). The press service of the Union of Banks of Armenia told

ArmInfo ArmInfo’s interview with Valeriu Razlog, Head of the EBRD Yerevan Office EBRD is one of the biggest investors in Armenia. The country has been cooperating with the bank since 1992. EBRD's investments in economy of Armenia have already exceeded 516 million EUR. The bank has funded

ArmInfo. The European Bank for Reconstruction and Development (EBRD) has provided INECOBANK with an AMD synthetic loan worth $8 mln for further on-lending to small and medium enterprises (SMEs). The joint press release of the organizations says that this is the eighth loan agreement signed

ArmInfo. Ameriabank retains the leadership position in the local market in terms in trade finance. The bank's portfolio of trade finance for the first half of 2012 exceeded 21 billion drams (over $50 million). For comparison, the bank's press-service mentions that the trade finance portfolio of

ArmInfo. The European Bank for Reconstruction and Development (EBRD) has provided INECOBANK with an AMD synthetic loan worth $8 mln for further on-lending to small and medium enterprises (SMEs). The joint press release of the organizations says that this is the eighth loan agreement signed