ArmInfo. 5 May 2017 - Converse Bank CJSC announces today its first tranche of corporate bonds issuance. The bonds will be listed on NADAQ OMX Armenia OJSC stock exchange and will be traded on the secondary market.

ArmInfo. The Armenian banking system sent 10.1 billion AMD to the state budget in the first quarter of 2017 (or 9.8 billion without taking into account the combined Areximbank and the Armenian Development Bank), which is 8.6% higher than the figure of a year ago. Of this amount, over 88% or 8.9 billion AMD was paid on direct taxes (including income tax and income tax), with an annual growth of 8.5%.

ArmInfo. The third USD issue of the nominal coupon bonds of Ameriabank (ISIN - AMAMRBB24ER7) on April 20 this year, passed listing on the NASDAQ OMX Armenia stock exchange. The bonds of this issue, like the previous USD and AMD bonds, are included in the main exchange list (Abond). In total, Ameriabank carried out four bond issues - 3 USD bonds (2 in the amount of $ 15 million with coupon yield of 6.75% and 5.6%, 1 - $ 5 million at a yield of 5.75%) and 1 AMD in volume 1 billion AMD on coupon yield of 10.75%.

ArmInfo. Within the framework  of the "Pre-Export Financing" service of the Export Insurance Agency  of Armenia (EIAA), five export-oriented enterprises of the country  received financing for a total of 600 million AMD. On April 11, in an  interview with ArmInfo correspondent, the Executive Director of EIAA  Vazgen Abgaryan said, noting that 4 more applications are under  consideration.

ArmInfo. On March 15, the primary bonds placement of registered non-documentary coupons of Anelik Bank amounting 1 billion AMD launch. As the Anelik Bank press service told ArmInfo, it is the number 3 issuance, the completion of primary replacement of which is scheduled on April 28.  The given issuance includes 20000 registered non-documentary coupon bonds, with the 50thsd AMD cost, with annual yield is 12,25% and with 2 years circulation period.

ArmInfo. Anelik Bank releases    second USD based  registered bonds emission  at the total volume  of  USD 5 mln, with annual indemnity of 6,5% and  2 year  turnover term.   According to the information shared with ArmInfo at the press office  of the Bank, the nominal cost is stated at  USD 100, and the interest  disbursement is  set as once in a semester. Bonds could be purchased  both by legal entities and private persons at 14 branch offices of  Anelik Bank in Yerevan and Regions. 

ArmInfo. The pilot launch of the  project on compatibility of Armenian Card payment system and Russian  MIR national payment system will take place by late summer 2017,  Armenian Card CEO Ishkhan Mkhitaryan says in an interview with  ArmInfo's correspondent. He notes that by late summer the national  ArCa cards will be used outside Armenia and the MIR cards will be  served by Armenian banks. 

ArmInfo.

ArmInfo. Armbusinessbank's registered coupon bonds of the second issue in the amount of 100mln AMD, admitted to trading on the free market (Cbond) NasdaqOMX Armenia Exchange on February 17. As the NasdaqOMX Armenia's press service told ArmInfo, these bonds is also admitted to the conclusion of targeted sales and repo transactions from the date of listing.  They will be listed under the ticker code ARBBB2.

ArmInfo. Starting from  February 10, 2017 nominal coupon bonds issued by "ARMBUSINESSBANK"  CJSC will be listed on NASDAQ OMX Armenia and included in the bonds'  secondary Bbond list.

ArmInfo. Starting from February 08, 2017 nominal coupon bonds issued by "Ameriabank" CJSC will be listed on NASDAQ OMX Armenia and included in the bonds' main Abond list, the press office of NASDAQ OMX Armenia told ArmInfo.

ArmInfo. In 2016, the  banking system of Armenia paid 34.4 bln AMD in taxes, 16.9% less than  in 2015. Over 88% or 30.1 bln AMD of this amount was paid in direct  taxes (including profit tax and income tax), with a 19.1% decline  versus 2015. According to the State Revenue Committee of Armenia, 12  out of the functioning 17 banks (versus 13 in 2015) were among the  top 100 taxpayers of Armenia in 2016. The top banks among the  taxpayers were Ameriabank, VTB Bank (Armenia), ACBA-Credit Agricole  Bank, Ardshinbank and INECOBANK, which paid 16.7 bln AMD in taxes  (down 22.3% versus 2015), including 15.1 bln AMD in direct taxes  (down 22.2% versus 2015).

ArmInfo. Anelik Bank for the  first time in its history has issued USD coupon bonds amounting to $5  mln with 6.5% annual yield and maturity period of 2 years. The press-  service of the Bank has told ArmInfo that payments on interest rates  will be made once in 6 months.  Minimal package for acquiring  contains 10 bonds with nominal value $100. According to the source  both physical and legal entities can purchase bonds in any of 14  branches of the Bank. 

ArmInfo. Armenian Government  took an objective to decrease the consumption of primary energy for  38%,Hayk Harutyunyan, the Deputy Minister of Energetic Infrastructure  and Natural resources stated at the press conference  on November 23,  while presenting priorities and coming reforms of the field,  proceeding from the Government program. 

ArmInfo. ARARATBANK has replenished total capital by 8.5 bln drams due to issue of stocks. As a result the authorized capital of the bank has increased to 16.8 bln drams and total capital almost to 33 bln drams.

ArmInfo. In Jan-Sept 2016 the banking system of Armenia paid 27.9 bln AMD or $58.9 mln in taxes, 12.5% less than in Jan-Sept 2015. The share of direct taxes (including profit tax and income tax) was over 89% or 25.1 bln AMD, 13.1% less than in Jan-Sept 2015.  The share of commercial banks in the total amount of taxes paid by top 1000 taxpayers was 5.3%. The top 1000 taxpayers paid a total of 525 bln AMD ($1.1 bln) in taxes in Jan-Sept 2016.

ArmInfo. Ameriabank under  cooperation agreement with Export Insurance Agency of Armenia will  provide factoring finance to exporters. On October 28 Ameriabank and  Export Insurance Agency of Armenia signed a cooperation agreement,  the press- service of the Bank informs. The aim of the agreement is  to insure Armenian exporters against non-payment on the part of  partners due to trade and political risks. Under the new scheme,  while using factoring services exporters not just get payment for  their goods in advance and are thus able to increase their cash  turnover, but are hedged against possible non-payment on the part of  buyers. Providing factoring finance in the currency of export  contract helps to neutralize possible adverse impacts of exchange  rate fluctuations.  

ArmInfo. By the end of 2016, the number of the Armenian banking market participants will be 17, i.e. the number will decline by 2 commercial banks. In October 2016, Areximbank-Gazprombank Group announced its withdrawal from the market. Its parental structure – the Russian Gazprombank - preferred to sell its subsidiary to Ardshinbank instead of undertaking capitalization, which was also done out of necessity to cover big losses. The Armenian Development Bank will also shortly be purchased by another quite active market player.  

ArmInfo. Armenian Ministry of  Agriculture is working with commercial banks on introducing factoring  for prompt repayment of debts to farmers, Minister of Agriculture  Ignatiy Arakelyan informed after today's session of government. 

ArmInfo. EBRD's Energoredit Programme held an Energy Efficiency Forum for Armenia's businesses under the umbrella of EU4Energy Initiative by the European Union Delegation to Armenia during the EU Energy Days, on September 28.