ArmInfo.As a result of balanced operations,  AraratBank managed to sum up the year with higher indicators,  exceeding the planned ones.

ArmInfo. As from May 30, 2023, FINCA UCO CJSC intends to underwrite nominal coupon bonds in AMD (code: AMFNCAB2EER0) and USD (code: AMFNCAB2FER7). AraratBank will act as an underwriter and market maker.. AraratBank will act as an underwriter and market maker. The bank said that the bonds will be underwritten through an auction on Armenia Securities Exchange, starting from May 30 till June 2, from 11:00-13:30 daily.

ArmInfo. Attaching importance to providing the general public with objective, reliable and fact-based  information in the financial and banking sector, the Union of Banks of Armenia for the fourth year in a row holds a competition to determine the best publications to encourage academics, experts, journalists to cover relevant topics in the financial and banking sector in their activities.

ArmInfo. The banking sector of  Armenia in Q1 2023 increased tax payments to the state treasury by  58% per annum - up to 20.5 billion drams ($52.7 million). Of this  amount, 85.7% or 17.6 billion drams was paid in direct taxes, with a  y-o-y increase of 62%. This is evidenced by the data of the State  Revenue Committee of the Republic of Armenia on the list of 1000  large taxpayers of the country, according to which, 9 banks were  included in the first hundred of the list (as in the previous year).

ArmInfo.

ArmInfo.AraratBank, in cooperation with Muran company, offers a smart solution – a loan for the purchase of an electric car starting at 12% in AMD and at 9% in USD. The annual interest rate depends on loan maturity.

ArmInfo.

ArmInfo.AraratBank, consistent with its customer-centric policy and in view of the demand for low-interest loans, kicks off a new credit offer for both small and medium-sized enterprises and major customers.

ArmInfo. The European Bank for Reconstruction  and Development (EBRD) and the Central Bank of Armenia signed a  memorandum under EBRD-KEXIM Joint Consultation Knowledge Sharing  Programme (KSP) with the aim to support the CBA in Digital  Transformation of Financial Market Infrastructure in Armenia. Many  thanks to @KFTC for their continued support for this initiative.  . 

ArmInfo.

ArmInfo.Armenian banks' net profit totaled AMD 263bln ($668mln) last year - a 3-fold growth in 2022 due to an unprecedented 4-fold increase in noninterest incomes. 

ArmInfo.

ArmInfo.Deputy Prime Minister Mher Grigoryan received Regional Director of the European Bank for Reconstruction and Development (EBRD) for the Caucasus,  Moldova and Belarus Catarina Bjorlin Hansen. 

ArmInfo.National Mortgage Company RCO CJSC is planning to issue and underwrite AMD-denominated coupon bonds on December 6, 2022. ARARATBANK OJSC will act as an underwriter of bonds.

ArmInfo.AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between November 16 and November 18, 2022.       

ArmInfo. During the regular Board meeting of the Union of Banks of Armenia (UBA), Chief Executive Officer and Chairman of the Executive Board of ARARATBANK OJSC Mher Ananyan was elected as new Chairman of the UBA Board. He will replace Gevorg Machanyan, Executive Director and Chairman of the Management Board of ARMSWISSBANK CJSC, who chaired the Union in 2021-2022.

ArmInfo.

ArmInfo. The European Fund for Southeast Europe (EFSE) has extended a USD 10 million five-year facility to AraratBank for financing of micro, small and medium businesses (MSMEs) affected by the economic, social, and security challenges triggered by the Russia-Ukraine war, prioritizing those operating in crisis-relevant sectors.

ArmInfo. The European Bank for Reconstruction and Development will provide a $4 million loan to HSBC Bank Armenia, the EBRD said in an official statement.  It is noted that $3 million will be provided directly by the EBRD and $1 million by the Green  Climate Fund (GCF) under the Regional Green Economy Financing  Facility (GEFF).

ArmInfo.