ArmInfo.For the Eurasian Development Bank (EDB) Armenia is a country with unused  opportunities. This was announced on November 29 in Moscow in an  interview with reporters by the head of the EDB Andrey Belyaninov.

ArmInfo. Armbusinessbank was assigned the status of an agent of the primary government bonds market of Armenia. As reported by ArmInfo in the RA Ministry of  Finance, the decision to include Armbusinessbank in the list of  agents was adopted on November 15, 2019.

ArmInfo. ARARATBANK will end 2019 with the implementation of almost all planned indicators. This was announced on November 15 by the acting Chairman of the Board  of <ARARATBANK> OJSC Karen Sargsyan on the sidelines of the  presentation of the ARARAT-Mobile mobile application.

ArmInfo.On November 15, the Yans Club restaurant in Yerevan hosted the presentation of the updated ARARATBANK mobile application - ARARAT Mobile, which,  according to the acting Chairman of the Management Board Karen  Sargsyan,  is equipped with the best modern technologies and a  security system.

ArmInfo.

ArmInfo.Chairman of the Board of ARARATBANK since 2006, left Armenia. At a farewell meeting with reporters, he said that he had received an invitation from a  reputable international structure to take a certain position, which  he would report later.

ArmInfo. In January-September 2019, the banking system of Armenia sent 42.3  billion drams in taxes to the state treasury, which is 10% higher  than a year ago. Of this amount, 94.5% or 40 billion drams were paid  on direct taxes (including profit tax, income tax), with y-o-y growth  of 15.9%.

ArmInfo.The European Fund for Southeast Europe (EFSE) has once again teamed up with long-time partner ARARATBANK to drive local business growth in Armenia, as the press service of the bank informs by providing a multi-currency  senior loan equivalent to USD 10 million, the fund is supporting the  bank in offering tailored financial products that meet the needs of  micro and small enterprises, thereby strengthening the development of  this important sector while securing and creating jobs in the  country.

ArmInfo. Mher Abrahamyan,  Chairman of the Board of IDBank CJSC, was elected as new President of  the Union of Banks of Armenia(UBA). As the press service of the UBA  told ArmInfo, the new President of the Union of Banks of Armenia took  office on October 4, after being elected on October 3 at a meeting of  the UBA Council.

ArmInfo. A delegation of  the Central Bank of Uzbekistan (CBU), which included 20  representatives of the country's commercial banks, is on a working  visit to the Central Bank of Armenia from September 24 to 27.

ArmInfo.In the h1 of 2019, the banking system of Armenia sent 29.4 billion drams or about $ 62 million tax to the state treasury, which is 6.5% higher than the  indicator a year ago. Of this amount, over 95.2% or 28 billion drams  were paid on direct taxes (incl. profit tax and income tax), with an  YOYgrowth of 16.2%.

ArmInfo. The $ 3 million dollar issue of ARARATBANK coupon bonds (AMARBKB2KER7) has been listed on the Armenian stock exchange AMX. As noted in the official announcement of AMX, the face value of the bond is $ 25, the  circulation period is 51 months, the coupon yield is 5.5%, and coupon  payments are provided once a quarter. Bonds of this issue are  included in the main exchange list "Abond".

ArmInfo.Banks of Armenia, due to the expected additional requirements for capital adequacy according to Basel 3 (surcharges to the capital adequacy ratio), will face the need to replenish capital. Such an opinion during his speech at the 12th general meeting of shareholders of ARARATBANK OJSC on June 11 was expressed by the Chairman of the Union of Banks of Armenia Artak Anesyan, noting that many banks do not exceed the capital adequacy level by 16%, and the ROE - on average the market is 8.3%.

ArmInfo.ARARATBANK intends to launch a credit program for refugees. This was reported on June 11 by the Chairman of the Board, Executive Director of OJSC Ashot Osipyan at the 12th general meeting of shareholders of the bank. "Together with international partners, we will try to implement a very specific program - lending to refugees. This is an exceptional program. Now we are discussing the details with the EU, with whom we intend to start implementing this program, "he said. The banker also noted that the program will mainly focus on Armenian refugees, with whom meetings had previously been held to determine their needs.

ArmInfo.Until 2022, ARARATBANK intends to transform itself into Banktech (Bank + Fintech). Such a statement was announced by the Chairman of the Board of OJSC, Executive Director Ashot Osipyan on June 11 during the event, timed to coincide with the 12th general meeting of shareholders of the bank. , he explained. In particular, A.

ArmInfo. Interest rates in Armenia  may drop. A similar forecast, when asked by journalists on June 11  during an event dedicated to the 12th general meeting of shareholders  of the bank, was voiced by the Chairman of the Board, Executive  Director of ARARATBANK Ashot Osipyan.

ArmInfo. The 5th anniversary was  celebrated by the Amundi-ACBA- Asset-Management pension fund,  established in Armenia by ACBA-Credit Agricole Bank and French  company AMUNDI. According to the press service of Bank ACBA-Credit  Agricole, Amundi-ACBA- Asset-Management manages assets of more than  95 billion drams under the management of Amundi-  ACBA-Asset-Management.In connection with the 5th anniversary,  Amundi-ACBA-Asset-Management intends, with a three-year profit, to  send 40,000 euros for the implementation of cultural and educational  programs to the French University of Armenia and the TUMO Center for  Creative Technologies.Chief Executive Officer of the French company  AMUNDI, Bernard de Wit, said: "Armenia is the first country in the  region that adapted this system and initiated a similar approach in  pension reform. It was quite attractive, so we decided to get  involved in this process and ensure Armenia's exemplary status of the  country in pension reform plan. Other countries in the region have  shown interest in the Armenian accumulative pension system, and in  this context the country is becoming an example. 

ArmInfo. Armenian Prime Minister  Nikol Pashinyan met on May 20 with the Deputy Chief Executive Officer  of AMUNDI Company Bernard de Wit, and the delegation headed by him.  Note that the French company "AMUNDI" is the main shareholder of the  pension fund CJSC "AMUNDI-ACBA Aset Management". 

ArmInfo. On May 20, Vice Premier of  Armenia Mher Grigoryan at a meeting with a delegation of the French  company AMUNDI, which holds a 51% stake in the pension fund  AMUNDI-ACBA Asset Management, stated that the Government is ready to  expand the scope of cooperation.

ArmInfo.The mobile application ArCa.am has been developed, which in addition to numerous services will provide users with the opportunity to make PayX payments in many shops, restaurants, points of sale and service.