ArmInfo. The portfolio of the  state program for subsidizing rates on agro-loans for harvesting  agricultural raw materials amounted to 18 billion AMD. ArmInfo was  informed about this by the press service of the RA Ministry of  Agriculture, explaining that the maximum amount of the loan within  the framework of this program is set at 1 billion AMD.

ArmInfo.

ArmInfo. Participants in the pension savings component (PNA), whose wages  exceed 500,000 drams, will be able to receive a higher pension in the  future, submitting an application for the non-application of the  maximum amount of social fees. This was reported by the press service  of the Center for Informing the Pension System (CIPS).

ArmInfo. The customer base of Armenia's banking system totaled 2,364,116 individuals and 79,823 legal entities by October 2017. According to the Central Bank data, provided to ArmInfo by the National Statistical Service, a total of 2,443,939 customers had 4,481,182 accounts with Armenian banks, of which 4,316,133 are physical accounts and 165,043 are accounts of legal entities.

ArmInfo. On November 10, the Board of the Central Bank of Armenia registered changes made in the agreements between Amundi-ACBA-Asset Management and Central Depository of Armenia.

ArmInfo. The banking system  of Armenia in January- September 2017 sent 31.7 billion drams to the  state treasury, which is 13.6% higher than the figure of a year ago.  Of this amount, over 89.3% or 28.3 billion drams was paid for direct  taxes (including income tax and income tax), with an annual growth of  12.8%. According to the RA State Revenue Committee, in the first  hundred of the largest taxpayers of Armenia in the first 9 months of  2017, out of 17 operating banks, 12 (12 out of 19 of those operating  in the same period in 2016) fell. Among them in the top five banks of  taxpayers - Ardshinbank, ACBA-Credit Agricole Bank, VTB Bank  (Armenia), Ameriabank and Armbusinessbank, which figured in the top  five and a year earlier. Over the first 9 months of 2017, the top  five banks sent 16.5 billion drams to the state treasury (annual  growth of 18.7%), of which 15.1 billion drams - on direct taxes  (annual growth of 18.9%).

ArmInfo. Commercial banks of  Armenia have already accumulated $ 180 million to implement projects  in the field of renewable energy, but they are not fully used. On  November 8, the national expert of the EU4Energy project of the  Energy Charter Astghine Pasoyan told the ArmInfo news agency on the  margins of the forum that opened in Yerevan on the potential of  Armenia in the energy sector. The forum is organized by the Ministry  of Energy Infrastructures and Natural Resources of the Republic of  Armenia, the delegation of the European Union in Armenia and the  Energy Charter.

ArmInfo. For the participants of the  Defined Contribution Pension System (DCPS), the determining factor in determining the amount of the pension will not be the number of years of working experience, but the amount of the accumulated amount. As the press service of the pension system (PS) told ArmInfo, nevertheless, for some participants of the new system, work experience will be taken into account in the future.

ArmInfo.Inecobank CJSC announced its financial results for 3Q 2017, reporting Net profit of AMD 5.5bln (up by 63.7% y-o-y) and ROE of 16.1%.

ArmInfo. IFC, a member of the World Bank Group, is helping Armenia’s Inecobank engage in interest rate swap transactions, which will help it better manage its interest rate risk to support access to finance for local businesses.

ArmInfo. Ardshinbank became a participant in the securities registration system of the Central Depository of Armenia (CDA) with the status of the operator of the depository system account. About it ArmInfo was informed in the press service of the stock exchange NasDaq OMX Armenia.  From now on, the clients of the bank will be able to access the services of the CDA, in particular the maintenance of the register of joint-stock companies and all services related to the storage of securities.  Thus, Ardshinbank became the 17th operator of the Depository System.

ArmInfo. The RA Ministry of  Agriculture as of September 19 received 16 applications for 1.606  billion AMD for participation in the state program of subsidizing  loans to processing enterprises for agricultural production.

ArmInfo. The replenishment of  Armenian banks' capital base by 15% per annum on July 1, 2017, or by  85.1 billion drams ($ 177.1 million) made it possible to accelerate  the credit growth rate to 16.6% from last year's 9.5%. Activation of  banks in the credit market, in turn, increased net profit in the  first half of 2017 by 49.5% per annum - up to 19.2 billion drams ($  39.9 million).

ArmInfo. In the aggregate loan  portfolio of Armenian banks, the NPL share decreased by July 1, 2017  year on year from 13.2% to 9.8%, reaching 269 billion AMD in absolute  terms. However, five banks, nevertheless, overshoot this indicator  for the maximum limit of the critical limit - 22-33% against the  internationally acceptable 10-15%.

ArmInfo. As of August 30 this  year, readiness to participate in the program expressed by 10 banks and 2  universal credit companies. These are ACBA Credit-Agricole Bank,  Ameriabank, ARARATBANK, Ardshinbank, Armswissbank, Converse Bank,  INECOBANK, Armbusinessbank, Armeconombank, Prometey Bank, as well as  UCC and .  

ArmInfo.In the first half of  the year, the banking system of Armenia sent 21.9 billion AMD to the  state treasury, which is 12.9% higher than the figure of a year ago.  Of this amount, over 89% or 19.6 billion was paid on direct taxes  (including income tax and income tax), with an annual growth of  12.6%.

ArmInfo. INECOBANK completed the first half of 2017 with a net profit of 3.6 billion AMD, providing an annual growth of 81.3%. As the press service of the Bank told ArmInfo, the level of return on equity - ROE was brought to 15.8%. INECOBANK has secured the leading position in these indicators.

ArmInfo. Banks of Armenia having significantly increased the buffer of capital over the past year, sharply intensified lending. According to the Express-Ranking of Armenian Banks as of July 1, 2017, prepared by the Analytical Service of the Information                 Company ArmInfo, the annual growth rates of crediting accelerated from last year's 12% to the current 20% to 2.6 trillion drams.  This increased assets more significantly - by 25.3% - to 4.2 trillion drams, compared to the year before (9.1%).

ArmInfo. Armenian Central Bank cancels the participation of the banks in Inter Express system, as Armenian Central Bank press service explained, on June 9 during the meeting of Central Bank Council, a decision was taken to withdraw the authorization to participate in the InterExpress system from VTB Bank (Armenia), INECOBANK, Converse Bank and MobiDram JSC.

ArmInfo. The customer base of Armenia's banking system totaled 2,343,225 individuals and 77,956 legal entities by April 2017. According to the Central Bank's data provided by the National Statistical Service of Armenia, a total of 2,421,181 customers had 4,355,612 accounts with Armenian banks, of which 4,196,171 were physical accounts and 159,441 were accounts of legal entities.