ArmInfo.

ArmInfo.The portfolio of the  program of subsidizing the interest rates of agrocredits in the  processing sector of Armenia in 2018 was 18 billion drams. As the RA  Ministry of Agriculture press-service informs, the maximum loan  amount per one borrower reaches 1 billion AMD.

ArmInfo. One of the most dynamically developing banks in Armenia, ARARATBANK will continue to develop an active credit policy, which is significantly higher than  the market average, and this year it intends to increase the ratio of  the loan portfolio to assets from 50% to 70%. This was stated by the  Chairman of the Board of the Bank Ashot Osipyan at today's 11th  general consideration of the shareholders of OJSC "ARARATBANK".

ArmInfo.

ArmInfo. The customer base of the Armenian banking system totaled 2 446 724  individuals and 80 182 legal entities as of April 1, 2018. According  to the Central Bank, provided by the National Statistical Service of  Armenia, a total of 2,526,906 customers had in the Armenian banks  4,703,539 accounts, of which 4,537,222 - physical accounts and 166  317 - accounts of legal entities.

ArmInfo. In Armenia, the number of plastic cards increased in the first quarter of 2018 at 14.9% per annum - up to 1.785 million units, against the decline of 10.8% a year earlier.  Adequately, the annual growth in the total volume of plastic transactions from 0.8% in the first quarter of 2017 to 38.6% in the first quarter of 2018 was dramatically accelerated, making 440.6 bln AMD. This is evidenced by the data of the Central Bank of Armenia.

ArmInfo.

ArmInfo.

ArmInfo. 

ArmInfo. Araratbank for the sixth time became the owner of the prestigious Commerzbank AG prize "Excellent quality" (Excellent STP Quality Award). As the press service of the Bank told ArmInfo, the prize was awarded on the basis of the results of 2017 for the highest quality of transactions by SWIFT system.

ArmInfo. Ministry of Agriculture of Armenia disproves the existence of corruption risks in the process of  implementation of the state program for the purchase of agricultural machinery in leasing. This was stated by the head of the department Ignaty Arakelyan at a meeting with journalists, commenting on information about abuses in the framework of the state program.

ArmInfo. April 3, the dollar issue of registered coupon bonds of ARARATBANK in the amount of $ 8 million was listed and entered the main list (Abond) of the Nasdaq OMX Armenia stock exchange. As the press service of the exchange informs, the bonds are admitted to conclusion of targeted trading and repo deals.

ArmInfo. Following the results of 2017, the insurance portfolio of SJSC "Export Insurance Agency of Armenia" totaled 4.534 billion drams, while the final figure was planned at 3 billion drams (in 2016 the figure reached 2.185 billion drams, and in 2015 it was 0, 39 billion).  Armen Shahnazaryan, Executive Director of the EIAA, told a press conference on March 22 when answering the question of ArmInfo. Previously, the government of Armenia in its program of activities for 2017-2022. according to the results of 2018, it fixed expectations of growth of insured transactions to almost 4.5 billion drams.

ArmInfo. The National Assembly of Armenia made amendments to the laws "On Secured Mortgage Bonds" and "On Bankruptcy of Banks, Credit Organizations, Investment Companies and Insurance Companies" on March 21 at the first reading.  The day before, the deputy chairman of the Central Bank of Armenia Nerses Yeritsyan informed that the package submitted by the government of the country is aimed at regulating the mortgage market of the country.

ArmInfo. Starting from March  14, 2018 coupon bonds with total nominal value of AMD 1 billion  issued by "ACBA-CREDIT AGRICOLE BANK" CJSC will be listed on NASDAQ  OMX Armenia and included in the bonds' main Abond list.   

ArmInfo. In the banking system of Armenia, the concentration of assets among the top five leaders in this indicator increased in 2012-2017 from 46.5% to 55.2%. This amount of assets is distributed between Ameriabank, Armbusinessbank, Ardshinbank, ACBA-Credit Agricole Bank and INECOBANK.  According to the Financial Rating of the Armenian Banks as of January 1, 2018, prepared by the Information Company ArmInfo, TOP-5 for credit investments includes the same banks with a total share in the total market value of 59.1% of the total loan portfolio. In 2012, the share of the leading five is 47.1%.

ArmInfo. The share of foreign capital in the total authorized capital of Armenian banks decreased from 2014 to 2017 from 74.6% to 61.8%. During this period, four participants emerged from the banking market, of which three were "daughters" of foreign banks. This is the German ProCredit Bank, Kazakhstan's BTA and Russian Gazprombank.

ArmInfo. On February 27, the dollar issue of the Armbusinessbank coupon bonds was listed on the Nasdaq OMX Armenia stock exchange, including in the list of Bbond and the admission to the conclusion of targeted trade and repo deals.

ArmInfo. In Armenia, against  the background of a fall in property prices, the mortgage is gaining  momentum. According to the Financial Rating of the Armenian Banks  prepared by IC ArmInfo, parallel to this, the volume of bank mortgage  lending came out of the 1.5% decline by 14.4%, to 215.2 billion drams  or $ 444.5 million, which was accompanied by a decrease in mortgage  rates loans for 2017 from 12.2% to 10.6% on average. Meanwhile, over  the past year the average market value of housing has decreased by  2.8% (against growth of 0.6% in 2016).

ArmInfo. In Armenia, the number of plastic cards increased by 9.2% in 2017 to 1.715 million units, against the decline of 9.2% a year earlier. Adequately this has been improved by the trend of the total volume of plastic transactions with the exit from the 2.1% decline in 2016 by 11.8% growth in 2017 - to 1.6 trillion AMD. Central Bank's data reads.