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    December 2015
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  • Archive for December 11th, 2015

    Annual illicit financial flows from Armenia amount to $983 million

    Friday, December 11th, 2015

    Armenia is 70th among 149 countries in Global Financial Integrity Organization’s ‘Illicit Financial Flows from Developing Countries: 2004-2013’ reports

    Fitch: negative outlook for Armenian banks in 2016

    Friday, December 11th, 2015

    Fitch Ratings downgraded its outlook for Armenian banks in 2016 to negative

    Unibank is first bank in Armenia to carry out stock IPO at NASDAQ OMX Armenia

    Friday, December 11th, 2015

    Unibank is planning ordinary stock IPO at NASDAQ OMX Armenia stock exchange, the bank’s press office reports

    World Bank to lend $50 million to Armenia for enhancement of its competitiveness and sustainability

    Friday, December 11th, 2015

    The World Bank Board of Executive Directors approved today a US$50 million loan for the Third Development Policy Financing (DPF-3) for Armenia to support a wide range of reforms promoting fiscal, social and environmental sustainability and strengthening competitiveness, the press office of the World Bank reports

    VTB Bank (Armenia) providing new service via BEST payment system

    Friday, December 11th, 2015

    VTB Bank (Armenia) jointly with Best payment system has launched a new money transfer service

    Inecobank purchases 100% of ProCredit Bank's shares

    Friday, December 11th, 2015

    Inecobank has bought 100% of ProCredit Bank, a subsidiary of ProCredit Holding AG & Co. KGa A