ArmInfo. The European Fund for Southeast Europe (EFSE) received additional AMD 300 million (approximately EUR 0.5 million) capital from Small and Medium Business Credit Support CJSC (SMBCS), a subsidiary of the Central Bank of Armenia to strengthen the Armenia Local Currency Facility. The Fac

ArmInfo. "Inecobank" cjsc was granted the status of Account operator of funded pension system. As an account operator Inecobank, starting from June 2, 2014, it services funded pension system participants, intermediating the services, provided by the Central Depostory of Armenia (CDA) to the part

ArmInfo. "Inecobank" cjsc was granted the status of Account operator of funded pension system. As an account operator Inecobank, starting from June 2, 2014, it services funded pension system participants, intermediating the services, provided by the Central Depostory of Armenia (CDA) to the part

ArmInfo. 11 out of the 21 commercial banks of Armenia found themselves among the top hundred taxpayers in Armenia in Q1 2014. The top 5 banks are ACBA-Credit Agricole Bank, VTB Bank (Armenia), HSBC Bank Armenia, Ardshininvestbank and Unibank. According to the State Revenue Committee of Armeni

ArmInfo. Austrian businessmen representing various sectors of economy are discussing new investment opportunities in Yerevan. The organizers of the ongoing B2B forum on financing of renewable energy and energy efficiency projects are the Austrian Federal Economic Chamber, Development Bank of Aus

ArmInfo. Credit exposures of Armenian banks totaled 1.9 trillion drams ($4.6 bln) as of 1 Jan 2014 or 63.1% of assets. Inclusive of the possible loss reserve, this indicator totaled 1.8 trillion drams (a 30% growth of reserve versus Jan 1 2013). For Q4 2013 loan portfolio growth rates picked up

ArmInfo. Following a slowdown in growth rates in Q2 and Q3 2014, the total liabilities of the Armenian banking system accelerated their growth rates from 2.7% to 8.6% in Q4 2013 (against 5.3% rise in Q4 2012 and 9.5% rise in Q4 2011). In 2013 the total liabilities grew by 24% as compared with 20

ArmInfo. Armenia's banks are most active in financing trade, industry, agriculture and construction. In Q4 2010 till Q1 2011 industry enjoyed the biggest share in the banks' loan book, in Q2 2011 till Q2 2013 the biggest borrower was trade, since Q2 2013 the banks' have been most active consumer

ArmInfo. HSBC Bank Armenia, Ardshininvestbank and Ameriabank are still Top 3 banks of Armenia by net profits for 2013: 8 bln drams ($19.7 mln), 6.5 bln drams ($16 mln), and 6.2 bln drams ($15.2 mln), respectively. ACBA-Credit Aghricole Bank is on the 4th position with 5,1 bln drams net profits a

ArmInfo ArmInfo's interview with Alexander Voronin, Chairman of the Board of “Anelik Ru” Ltd Subsidiary Commercial Bank Mr.Voronin, has the change in Anelik Ru’s shareholder structure affected the strategy of development of the ANELIK payment system? How has the Bank strengthened its

Arminfo. On January 17, 2014, in the resort town Dilijan, NASDAQ OMX Armenia, part of the NASDAQ OMX Group, Inc. at a special ceremony announced the winners of the Best Member Awards 2013. The Ceremony was held for the 4th time already and according to the results of 2013 the Awards were grante

ArmInfo Interview of the head of the Retail Business Department of CJSC “INECOBANK”, Levon Rubinyan, with ArmInfo news agency INECOBANK, one of the most active banks at the retail segment of the credit market, has increased the product line and its coverage much. It has been functioning a

ArmInfo. HSBC Bank Armenia, Ameriabank and Ardshininvestbank registered the biggest net profits in Armenia's banking sector in Jan-Sept 2013 - 6.4bln AMD ($15.8mln), 4.6bln AMD ($11.4mln) and 4.1bln AMD ($10.2mln), respectively. According to ArmInfo's Rating of Banks of Armenia, the top fiv

ArmInfo. INECOBANK has joined the Anelik international money transfer system. The press service of the Bank has told ArmInfo that the Anelik system operates in 63,000 service points of almost 100 countries via 500 banks. For the moment, the system is dynamically developing in Russia and the

ArmInfo. INECOBANK has joined the Anelik international money transfer system. The press service of the Bank has told ArmInfo that the Anelik system operates in 63,000 service points of almost 100 countries via 500 banks. For the moment, the system is dynamically developing in Russia and the

ArmInfo. INECOBANK has joined the Anelik international money transfer system. The press service of the Bank has told ArmInfo that the Anelik system operates in 63,000 service points of almost 100 countries via 500 banks. For the moment, the system is dynamically developing in Russia and the

ArmInfo. The World Savings Day is marked on October 31. In this context, Armenia launched a project in October to raise the public awareness of the financial field. According to the World Bank, 66% of Armenia's citizens save money and only 6% of them trust their savings to the banking syst

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran

ArmInfo. VTB Bank (Armenia) expands geography of UNIStream transfers, the bank's press-service told ArmInfo. Now the bank offers addressless money transfers via UNIStream system to Albania, Bulgaria, Vietnam, Lithuania, Mongolia, Czech Republic, UK, and Israel. The recipient can receive the tran