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  • Archive for June, 2017

    Moody’s assigns B2/np ratings to Anelik Bank; outlook stable

    Friday, June 30th, 2017

    Moody’s Investors Service said in a press release that it has assigned B2 long-term and NP short-term local- and foreign-currency deposit ratings, a b2 baseline credit assessment (BCA) and adjusted BCA, as well as a B1(cr) long-term and NP(cr) short-term Counterparty Risk Assessment (CR Assessment) to Armenia’s Anelik Bank CJSCo. The long-term deposit ratings carry a stable outlook

    EBRD-managed fund to provide grant for construction of eu-compliant facility

    Friday, June 30th, 2017

    Supporting Armenia’s effort to become greener, the E5P fund is co-financing the construction of a new landfill for solid waste for the Gegharkunik and Kotayk regions with a €2 million grant

    Proceeds from placement of BSTDB bonds to be used for enhancing Armenian economy

    Friday, June 30th, 2017

    The proceeds from the placement of AMD-denominated nominal coupon bonds (BSTBB1) issued by Black Sea Trade and Development Bank at NASDAQ OMX Armenia

    Converse bank unveils “summer” deposit offer

    Friday, June 30th, 2017

    As part of its earlier launched special offer, Converse Bank has unveiled today the “Summer” deposit offer that should be placed before September

    Anelik bank to place 4th issue of USD-denominated bonds

    Wednesday, June 28th, 2017

    Anelik Bank said today it will be placing the 4th issue of USD –denominated bonds to the tune of $5 million from June 29 to September 15

    EDB provides $20-million renewable credit line to Armenia’s Ardshinbank for trade financing

    Wednesday, June 28th, 2017

    The Eurasian Development Bank has provided a $20-million renewable credit line to Armenia’s Ardshinbank CJSC for trade financing

    Nominal coupon bonds issued by Black Sea Trade and Development Bank placed at Nasdaq OMX Armenia

    Wednesday, June 28th, 2017

    On June 27, 2017 placement of AMD denominated nominal coupon bonds (BSTBB1) issued by Black Sea Trade and Development Bank took place at NASDAQ OMX Armenia, the exchange said in a press release

    IMF to provide Armenia with $21.6 million loan tranche

    Wednesday, June 28th, 2017

    On June 23 the Executive Board of the International Monetary Fund (IMF) completed the fifth and final review of Armenia’s economic performance under a three-year arrangement under the Extended Fund Facility (EFF)

    Armenian Central Bank keeps key rate unchanged at 6 percent

    Wednesday, June 28th, 2017

    Armenia’s Central Bank decided today to keep the refinancing rate unchanged at 6%. The bank said in a statement that a deflation of 0.2% was recorded in May

    Central bank released 28.9 billion drams to support mortgage programs in 2016

    Monday, June 26th, 2017

    In 2016 Armenia’s Central Bank released a total of 28.9 billion drams to finance mortgage programs