Arminfo. CJSC "Armenian Card" (ArCa) jointly with MasterCard International Academy held seminar "MasterCard Fraud Management On-Site" for specialists of card business in Armenia, on 29-31 October, press-service of ArCa reported. Specialists of MasterCard Academy have organized seminar in Arm

ArmInfo. ACBA-Credit Agricole Bank has launched a drawing and will present its winning cardholders with a Nissan Micra and 100 gift cards (worth 100,000 AMD each) in January 2014. The press service of the Bank has told ArmInfo that the American Express, Visa, MasterCard, and ArCa cardholders

ArmInfo. The World Savings Day is marked on October 31. In this context, Armenia launched a project in October to raise the public awareness of the financial field. According to the World Bank, 66% of Armenia's citizens save money and only 6% of them trust their savings to the banking syst

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran

ArmInfo. Over Jan-Sept 2013, 10 banks have found themselves among the top 100 largest taxpayers of Armenia. The top five of them includes HSBC Bank Armenia, VTB Bank (Armenia), ACBA-Credit Agricole Bank, Ardshininvestbank and Ameriabank. The State Revenue Committee of Armenia reports that ov

ArmInfo. ACBA-Credit Agricole Bank is set to increase its loan book to 180 bln AMD by late 2013, Nikolay Hovhannisyan, Deputy CEO of the Bank, said at today's press conference when commenting on ArmInfo's question. He recalled that as of 1 October 2013, the loan book of the Bank exceeded 1

ArmInfo. In 2013 ACBA-Credit Agricole is going to increase its profit by 15% to 4.5bln-5bln AMD by enlarging its clientele, improving its collection rate and increasing its non- interest income, the bank's Deputy CEO Nikolay Hovhannisyan told journalists on Tuesday. According to ArmInfo's Ran

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is continuing to strengthen financial intermediation in the Armenian private sector with a particular focus on micro, small and medium-sized enterprises (MSMEs). The Bank is also promoting energy efficiency in the country by h

ArmInfo. The European Bank for Reconstruction and Development (EBRD) will provide ACBA-Credit Agricole Bank with a $12.5mln synthetic loan. The joint press release of the EBRD and ACBA-Credit Agricole Bank says that the loan will be provided in Armenian Drams (AMD) for 3 years. $9mln of this amo

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran

ArmInfo. In Q2 2013 consumer lending regained the biggest share in the lending portfolio of Armenia's banks. In Q4 2012-Q1 2013 the leader was industry. According to ArmInfo's Ranking of Banks of Armenia, as of June 2013 consumer lending made up 359bln AMD ($875.8mln) or 21.1% of all loans. I

ArmInfo. In Jan-June 2013 as compared with Jan-June 2012 the SME lending portfolio of Armenia's banks grew by 9.2% to 469bln AMD ($1.1bln) or 26.4% of all loans. In Q2 2013 the index grew by just 0.3%. According to ArmInfo's Ranking of Banks of Armenia, the leaders in this segment are ACBA-Cr

Arminfo. The volume of the true credit investments by 30 June 2013 amounted to 1.8 trillion drams ($4,3 bln), or 67,2% out of assets, taking into account the reserves for possible losses - 1.7 trillion drams. The volume of reserves grew by 15% versus 2012, and twofold versus 2011. The credit in

ArmInfo. Growth of assets in the banking system of Armenia slackened in Q2 2013 from 6.4% to 3.1% (versus 7.5% growth for Q2 2012). Assets grew 19.6% versus the 1st half of 2012 (versus 25.3% year over year growth in Q2 2012). This indicator grew 10.3% for the first half (versus 7.4% growth for

ArmInfo. General obligations of the Armenian banking system grew 3.2% from 7.2% for Q2 2013 (versus 8.8% growth for Q2 2012). As compared to Q2 2012 this indicator grew 21.5% (a 29.1% year over year for Q2 2012). As of July 1 2013 general obligations of the Armenian banking system totaled 2.2 tr

ArmInfo. In Jan-June 2013 as compared with Jan-June 2012 the average wage in Armenia's banking system grew by 20.3% to 366,000 AMD or $894. According to ArmInfo's Ranking of the Commercial Banks of Armenia, in Jan-June 2013 the banks spent 24.9bln AMD or $60.6mln on wages (27% more than in Ja

ArmInfo. ROE (return on equity) of the banking system of Armenia totaled 5.1% for the 1st half of 2013, with a 0.41% growth versus the 1st half of 2012 and a 1.25% decline comparing to the same period of 2011. ROA (return on assets) fell 0.03% to 0.82% for the period under review. As compared to

ArmInfo. Accumulated profit of the Armenian banking system for the 1st half of 2013 was up 15.7% (versus 13.7% growth for the same period of 2012 and 3.2% decline for the same period of 2011). For Q2 2013 this indicator grew 5.7% (versus 6.6% growth for Q1 2013, 4% growth for Q2 2012, and 13.3%

ArmInfo. In the first half of 2013, HSBC Bank Armenia, Ameriabank and ACBA-Credit Agricole Bank demonstrated the highest net profit - 4.1 bln AMD ($9.9 mln), 2.8 bln AMD ($6.8 mln) and 2.393 bln AMD ($5.8 mln), respectively. INECOBANK was the fourth with 2.353 bln AMD, and Ardshininvestbank was