ArmInfo. The IFC will advise Anelik Bank in the field of risk management. Relevant agreement was signed today by Chairman of the Board of Anelik Bank Samvel Chzmachyan and IFC Director for the Caucasus Thomas Lubeck. According to the agreement, the IFC will launch an automated risk mana

ArmInfo. The IFC will advise Anelik Bank in the field of risk management. Relevant agreement was signed today by Chairman of the Board of Anelik Bank Samvel Chzmachyan and IFC Director for the Caucasus Thomas Lubeck. According to the agreement, the IFC will launch an automated risk mana

ArmInfo. Ameriabank and International Finance Corporation (IFC) signing an agreement on conclusion of swap deals - trade and financial exchange operations on Friday. "The tool is currently an innovative product in the Armenian market, meanwhile, it is also quite popular in the internation

ArmInfo. Ameriabank and International Finance Corporation (IFC) signing an agreement on conclusion of swap deals - trade and financial exchange operations on Friday. "The tool is currently an innovative product in the Armenian market, meanwhile, it is also quite popular in the internation

АрмИнфо. Chairman of Armenia's Central Bank Artur Javadyan has left for Washington to take part in the annual meeting of the International Monetary Fund (IMF) and the Board of Governors of the World Bank (WB) on October 8-10. As Armenian CB press service told ArmInfo, A. Javadyan w

ArmInfo. The European Fund for Southeast Europe (EFSE) has provided ARARATBANK with a loan worth 5 mln USD aimed to finance micro-, small and medium enterprises mostly located in remote and rural regions, the press service of ARARATBANK told ArmInfo. According to the source, the loan is pro

ArmInfo. Interview with HSBC Bank Armenia CEO Astrid Clifford As a result of the first half of 2010 HSBC Bank Armenia has managed its position in the country's banking system. What helped you to do it and what are your strategic plans? Yes, our pre-tax profit for the first half of 2010 w

ArmInfo. Ameriabank has approved 10 business projects in the renewable energy sector for financing as part of IFC project and Dutch-German Consortium FMO/DEG, Artak Hanesyan, Chairman of Directorate - Director General of Ameriabank told media on Tuesday. He said the average loan provided b

ArmInfo. Moody's has left Ardshininvestbank's ratings unchanged: long-term Ba2 and short-term Not Prime for AMD deposits and long-term Ba3 and short-term Not Prime for foreign exchange deposits. BFSR rating has not been changed either. The press service of Ardshininvestbank reports that the

ArmInfo. Mr. Lars H. Thunell, Executive Vice President and CEO of World Bank group member International Finance Corporation (IFC) visited Ameriabank, accompanied by a group of IFC officials, and had a meeting with the bank management. Mr. Thunell has advanced growth of IFC's business and its m

ArmInfo. IFC, a member of the World Bank Group, today signed an agreement with Inecobank to further expand access to trade finance for small and medium enterprises in Armenia. The press service of IFC reports that IFC Executive Vice President and CEO Lars Thunell and Avetis Baloyan, CEO of I

ArmInfo. Ardshininvestbank opened its repaired branch in Armavir today. The branch has been repaired in the framework of the bank's program to upgrade and improve its branch network. During the opening ceremony Chairman of the Board of Ardshininvestbank Nerses Karamanukyan said that the b

ArmInfo. Ameriabank has borrowed $9mln from IFC and EBRD for financing the construction of Elite Plaza business center, a project implemented by Elite Group. The press service of Ameriabank reports that the bank is the financial and legal advisor of this project: developing financial models,

Arminfo. Armeconombank is going to ensure growing of the main indices by 10-15% in 2010, deputy chairman of Armeconombank Board Hayk Mkrtchyan told journalists today. He also added that taking into account the global financial crisis in the world and in Armenia the bank managed to finish t

ArmInfo. 6-7 small hydropower plants will be started up in Armenia till late 2010 under with financial support from Ameriabank and IFC, Ameriabank Director General-Chairman of the Board of Directors Artak Anesyan told journalists while visiting Jermuk where "Jermuk-2" new small HPP is being bu

ArmInfo. Armenia has the biggest water energy development capacities in the Caucasus, IFC Director for the Caucasus Thomas Lubeck said while visiting Jermuk, where IFC and Ameriabank are building a new small water power plant "Jermuk-2." Lubeck expressed hope that IFC's $15mln financial suppo