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.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. This January-September, the volume of plastic card transactions showed a 33.1% growth, up to AMD 3,020bln, against a 21.6% growth last January-September (including transactions effected abroad by means of Armenian issuing banks'  cards).

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. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.  According to the data, the total net profits of the banks showed a  2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the  current exchange rate. 

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. As of July 1, 2022, over 2.8mln plastic cards were effective in Armenia, including  co-badging cards ArCa-MIR and Russian MIR cards, with a slower increase - from 8.3% to 7.7% - which is lower than the 9.1% increase in the corresponding period of 2020 and must lower than the 22.2%  increase in 2019. In the first half of 2022, 95,600 more cards were issued, with 67,400 cards issued in the 2nd quarter. The cause is the relocation of the capital to Armenia by a larg number of Russian residents. 

ArmInfo.In H1 2022, the banking system of Armenia sent more than 32 billion drams or $80.7 million to the state treasury through taxes, which is 31% more than a  year ago.

ArmInfo.In Armenia, leasing transactions are rapidly gaining momentum, the total volume of which by April 2022 exceeded 64 billion drams ($132 million), having  increased by 38.4% year-on-year. This is evidenced by the data as of  March 31, 2022 of the "Financial Rating of Banks of Armenia" and  "Ranking of Credit Companies of Armenia", prepared by ArmInfo IC.

ArmInfo.For the 4^th year in a row, ARMSWISSBANK has been awarded “The Most Active Issuing Bank in Armenia”  during the Annual Meeting of the European Bank for Reconstruction and Development (EBRD) which took place May 10-12, 2022 in Marrakesh, the Morocco.

ArmInfo.The banking system of Armenia in Q1 2022 increased tax deductions to the state treasury by 4.5% per annum - up to 12.8 billion drams ($26.3 million), against a  decrease of 3.2% a year earlier in the same period. 77.2% or 10.6  billion drams of this amount was paid in direct taxes, with a y-o-y  increase of 8.2% (against a 12.5% decline a year earlier).

ArmInfo.On the 24^th of March 2022, a new loan agreement with ARMSWISSBANK CJSC and the Eurasian Development Bank (EDB) was signed to promote trade financing in the amount of USD 5 million.

ArmInfo.ArmswissBank is one of the leading banks providing factoring services in the Armenian banking system, at the same time, is the only Bank appearing to be a member of Factors Chain International (FCI, International Factoring Association) since 2008. The development of international factoring in cooperation with FCI has always been one of the key priorities of the Bank.

ArmInfo. The banking system of Armenia for 2021 increased tax deductions to the state treasury by 6.3% - up to 52.2 billion drams ($108.8 million). Of this amount,  87.2% or 44.7 billion drams was paid in direct taxes, with a y-o-y  growth of 4.4%.

ArmInfo. Armenian banks managed to improve the dynamics of net profit in 2021 with a 54% growth (from a 22.3% decline in 2020). In absolute terms, the total profit of the  system amounted to 87.3 billion drams or $181.8 million.

ArmInfo. On January 10, 2022, at the Best Western Congress Hotel, Armswissbank – the Delivery Partner of “Scaling up green finance practices in the Republic of Armenia” Programme - organized a workshop to present the results of the third phase of the programme funded by the Green Climate Fund (GCF). The results of the international good practice analysis in the sustainable finance area and the proposed recommendations for advancing green finance practices in Armenia were presented. The third phase of the Program was implemented by PwC Armenia and PwC Switzerland.

ArmInfo. In Armenia, the total volume of plastic transactions slowed down the y-o-y growth from 32.5% in 9 months of 2020 to 21.6% in 9 months of 2021, amounting to  2.3 trillion AMD (including transactions abroad with cards of  Armenian issuing banks). This is evidenced by the data of the RA  Central Bank.

ArmInfo.Over 2.621mln plastic cards had been registered in Armenia   `s banking market by October 1, 2021, with a year-on-year increase of 5.3% against 9.1% the  previous year.

ArmInfo. In January - September 2021, the banking system of Armenia sent 40.9 billion drams or $ 84.5 million to the state treasury through taxes, which is 7.6%  more than a year ago.

ArmInfo.ARMSWISSBANK has been awarded "Leading Partner Bank in Armenia" in 2021 by Asian Development Bank (ADB) based on previous year trade finance results.  The award is the result of the Bank's year-over-year effective  cooperation with ADB within the scope of trade finance program.