ArmInfo.According to the Asian Banking & Finance Wholesale and Retail Banking Awards 2022 annually held by Asian Banking & Finance, an international business publication, Ardshinbank was recognized as the Best Retail Bank of the Year in Armenia for the third consecutive time.

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ArmInfo.Ardshinbank and the State Jazz Orchestra of Armenia have signed a cooperation agreement whereby the bank will provide financial support to the orchestra.

ArmInfo.Around 17,000 pensioners and people receiving benefits are participating in a  government-sponsored 10% cashback programme for purchases by means of  cashless settlements this July. A total of AMD 44mln will be  transferred to their bank cards within a couple of days, Armenia's  Minister of Labor and Social Affairs Narek Mkrtchyan said.

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. 

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ArmInfo.Ardshinbank has announced a new type of loan, SME-FLEXI, which will help small and medium enterprises (SME), exporters and importers to resolve issues of current liquidity, replenishment of working capital, repayment of accounts payable, customs clearance, fulfillment of tax obligations, as well as payment of salaries to employees.

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.Ardshinbank has launched the "Your summer with Mastercard" promotion for new cardholders.

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ArmInfo.Ardshinbank gives customers the opportunity to refinance already existing loans secured by real estate in other banks at a lower interest rate, without commission payments. Refinancing will allow borrowers to improve loan terms get a better interest rate, extend the period and reduce the monthly payment.

ArmInfo. As of April 1, 2022, over 2.7mln plastic cards were effective in Armenia, with an extremely moderate increase - 3.5% in the corresponding period of 2021 to 7.5%,  which is much lower than the 17.3% and 17.5% in 2019 and 2020  respectively.

ArmInfo.The upward trend in real estate prices and rising interest rates will reduce the pace of mortgage lending growth. This is the opinion of the analysts of the  AmRating National Rating Agency affiliated with ArmInfo, referring to  the extremely high growth rates of the mortgage market, which reached  42% in y-o-y terms.

ArmInfo.Armbusinessbank, Ardshinbank and VTB Bank Armenia are involved in a government programme introducing cash-back for pensioners and people receiving  benefits. 

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.“Ardshinbank” CJSC informs that an agreement has been reached with “VTB-Armenia Bank” CJSC on the transfer of a part of the retail portfolio of consumer loans. From March 28, Ardshinbank serves a part of VTB-Armenia borrowers - individuals.

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ArmInfo.Ardshinbank has improved the conditions for granting loans secured by real estate. The loan can be obtained on the following conditions:

ArmInfo.Ardshinbank’s new “Argishti” branch was opened in the administrative district Erebuni, Yerevan. The branch is technically equipped, which makes the process of using banking services more convenient.

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%.