ArmInfo. Contrary to the slowdown in the growth of lending, the banks of Armenia are making quite a high profit. According to the Express-Ranking of Armenian Banks, prepared by the Rating service of the IArmInfo Information Company , the growth rate of crediting in 2016-2017 from 16.5% slowed to 4.3%, however, the aggregate net profit of the banking system from negative dynamics in 26.4% in 2016 went to the positive 15.6%. It is noteworthy that the investments of banks in securities increased in 2017 more significantly - by 22.3%, rather than lending volumes, and at the same time, the balances on nostro accounts (including in the Central Bank) increased significantly.

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. January 9 2017, the  dollar issue of the nominal coupon bonds of Ameriabank was listed on  the Nasdaq OMX Armenia stock exchange, entered the main list of Abond  and allowed to enter into targeted trading and repo deals.

ArmInfo. The Central Bank of Armenia continues its consistent work to ensure price and financial stability. This was announced by the chairman of the Central Bank of Armenia in a traditional New Year reception on December 29 summing up the results of 2017. He noted that since 2015 to date the Central Bank has revised the refinancing rate down to 12 times, a total of 4.5 percentage points to today's 6%, taking into account the risk assessments coming from the outside world and the domestic economy.

ArmInfo.In 2018, the  program of state subsidizing of interest rates for peasant farms will  continue in Armenia. Deputy Minister of Agriculture Robert Makaryan  stated this at a press conference in Yerevan on December 25.

ArmInfo. Together with the efforts of the Stepan Gishyan and Together Funds, a bakery was opened in Gyumri for the employment of socially vulnerable youth, which, in the course of its work, can also acquire professional skills. This was reported ArmInfo in the press service of the Bank ACBA-Credit Agricole.

ArmInfo. ACBA-Credit Agricole  Bank started public offering of non-documentary coupon AMD 1 billion  bonds on December 21. As the press service of the Bank told ArmInfo,  the yield was set at 9.2%, circulation period - 30 months, face value  of the bond - 100 thousand drams.

ArmInfo. The results of the "Organic Agricultural Development" 2017-2018 program jointly implemented by ACBA-CREDIT AGRICOLE BANK and Nature and Biodiversity Conservation Union in Germany (NABU) have been summarized.

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 leasing company  ACBA Leasing (http://www.acbaleasing.am/) and the consulting company  Semina Consulting (http://semina.am/) signed a memorandum on  cooperation in creating favorable conditions for winemakers in  Armenia. As the press service of the company told ArmInfo, the  document was signed by the general director of "ACBA Leasing" Arsen  Bazikyan and the executive director of Semina Consulting Vahe  Keushguerian.

ArmInfo. ACBA-Credit Agricole Bank held a two-day seminar for representatives of the hotel business in Tsaghkadzor. As ArmInfo was told in the press service of the Bank, the seminar covered such topics as "Marketing of hotel services", "Care for guests", "Conservation and motivation of cadres", "Provision of hotel services.

ArmInfo. The mobile  application ACBA Ticket, as a result of works on updating and  modernization, already operates in all 58 branches of Bank  ACBA-Credit Agricole.

ArmInfo. The international rating agency Fitch Ratings has assigned the long-term "B +" rating issued by the ACBA-Credit Agricole Bank's $ 5 million issued in 2017.  According to the press service of the Bank, the rating of these bonds is equal to the "B +" rating assigned to the Bank by ACBA-Credit Agricole with the forecast "Stable" (IDR - long-term debt issuer rating).

ArmInfo. The RA Ministry of Agriculture, the office and UCC today signed a tripartite memorandum on cooperation within the framework of the state program of subsidizing interest rates on agricultural loans.

ArmInfo. Executive Director of the RA Agricultural Development Fund Gegham Gevorgyan and Deputy Chief Executive Officer of ACBA Credit-Agricole Bank Norik Nazaryan signed a memorandum of cooperation within the framework of the state program of subsidizing agricultural loans, according to the  press service of the RA Ministry of Agriculture.

ArmInfo. 

ArmInfo. In Armenia, the  annual growth of non-cash transactions on plastic cards amounted to  25% in Jan-Sep 2017, slightly less than the dynamics of a year ago -  27%. According to the report of the Central Bank of Armenia, the  volume of non-cash card transactions for the reporting period  amounted to 189.7 billion AMD. In the third quarter of 2017 alone,  the volume of non-cash plastic operations changed from an upward 27%  to a downward trend of 10.1%, against an acceleration of growth from  21.5% to 40.7% in the third quarter of 2016.

ArmInfo. ACBA-Credit Agricole Bank implemented a new security system for Internet payments "ArCa SecurePay". This service is currently available for all ArCa cards issued by ACBA-Credit Agricole, with the exception of ArCA-MIR cards, for which the service will become active within a month.

ArmInfo. VTB Bank (Armenia) has developed a new product - "Super Card" with a credit line at 0% interest rate. ArmInfo was told in the press service of the Bank that the client pays only a monthly fee for servicing the loan - 1.4% of the credit limit.  The purpose of product launching is maximum simplification and simplification of the process of repayment of clients' credit obligations: there is no need for a monthly calculation, clarification of the amount payable. At the time of receiving the "Super Card" the client receives a specific amount due for payment with a monthly periodicity.

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.