Conversebank said today it began the placement of the second issue of USD-denominated bonds in the amount of $4 million
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Archive for October, 2017
Conversebank begins placement of second issue of USD-denominated bonds
Friday, October 20th, 2017Conversebank revised downward mortgage lending rate
Thursday, October 19th, 2017Armenia-based Converse Bank, a leader in mortgage lending, said it has revised downward the terms of lending under the “Affordable Housing for Young Families” program having also extended the maturity terms
Inecobank to get US$25 million from Dutch Development Bank
Wednesday, October 18th, 2017Inecobank and FMO, the Dutch Development Bank, signed October 6, a new Term Facility Agreement for the financing of small and medium enterprises (SMEs)
Profits of Armenia's banks grow 70% to AMD 29 billion in Jan-Sept 2017
Wednesday, October 18th, 2017Armenian banks’ aggregate net profits grew 69.8% to AMD 29 billion in Jan-Sept 2017 from AMD 17.3 billion in the same period a year before
Non-performing assets of Armenian banks grow to 6.73 percent
Friday, October 13th, 2017Non-performing and written-off assets of Armenian commercial banks grew to 6.73% in late August, according to the Central Bank. Some 6.36% were assets held by Armenian residents, it said
Russian Vnesheconombank to expand cooperation with Armenia
Friday, October 13th, 2017Armenia’s Minister of Economic Development and Investments Suren Karayan met Thursday with a delegation of the Russian Vnesheconombank, comprising Daniil Algulyan, Alexei Gorkov and Sergei Durnopyanov to discuss expansion of cooperation
Anelik Bank issues fifth trance of USD-denominated bonds
Thursday, October 12th, 2017The Anelik Bank has issued the fifth tranche of USD-denominated registered coupon bonds to the tune of $5 million, with annual yield of 5.75% and circulation period of 24 months. Interests will be paid every 6 months. The minimum package consists of 10 bonds with a nominal value of $100
Armenian central bank head off to Washington for IMF and WB meeting
Thursday, October 12th, 2017The chairman of the Central Bank of Armenia Artur Javadyan has left for Washington, USA, to participate in the annual meeting of the Directors of the International Monetary Fund and the World Bank, the press service of the Armenian Central Bank reported
Remittances to Armenia grow 17.5% in Jan-Aug 2017
Thursday, October 12th, 2017More than $1 billion has come to Armenia through banks over a period between January and August 2017 as individual noncommercial money transfers, the Central Bank of Armenia reports on its official website
