VTB Bank (Armenia) has announced a new loan type secured by real estate. The loans are provided in Armenian drams for the term from 1 to 5 years in the amount of up to 15 million drams. The minimum interest rate is from 15% per annum
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Archive for August, 2017
VTB bank (Armenia) unveils new real estate- secured loan type
Monday, August 21st, 2017Armenian banks bought $82 million last week
Monday, August 21st, 2017Armenian commercial banks bought a total of $82 million from the local intra-bank foreign currency market from August 14 to August 17 at the weighted average exchange rate of 477.69 drams for $1, the press service of the Central Bank reported
Armenian insurance companies’ net profit in first six months halves to 1.26 billion drams
Friday, August 18th, 2017Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier
Russia and Armenia complete pilot project on integration of their payment systems
Friday, August 18th, 2017Russia and Armenia have completed a pilot project on the integration of their national payment systems, Russian Lenta.ru reported citing the National Payment Card System of Russia
Money transfers to Armenia show positive growth trend
Thursday, August 17th, 2017Money transfers sent to Armenia in June 2017 increased by 9.1% when compared to 2016 May to $148 million, the Eurasian Development Bank (EDB) said in a monthly review of macroeconomic indices across the Russia-led Eurasian Economic Union (EEU)
Armenian credit organizations’ lending ups 15% in first half to 321.6 billion drams
Thursday, August 17th, 2017The amount of lending provided by thirty-four credit organizations, operating in Armenia, in the first six months of 2017
VTB Bank (Armenia) and MasterCard to issue PayPass cards
Wednesday, August 16th, 2017VTB Bank (Armenia) is the first bank in the country to issue MasterCard PayPass contactless payment cards. “The unique technology of PayPass is one of the most modern
ACBA-CREDIT AGRICOLE BANK to make first placement of $5 million worth bonds
Wednesday, August 16th, 2017ACBA-CREDIT AGRICOLE BANK said today it will commence the initial placement of $5 million worth bonds on August 18. According to a press release, the bank will place a total of 50,000 coupon non-documentary bonds with a face value of $100, 5.5% yield and 30- month maturity period
ARKA releases fresh issue of its “Credit Organizations of Armenia” bulletin
Wednesday, August 16th, 2017ARKA news agency has released its economic and financial bulletin – “Credit Organizations of Armenia” for the second quarter of 2017. This product is published once a quarter and is compiled based on officially published financial reports of credit organizations (CO)
