Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB)
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Archive for December, 2017
Ardshinbank signs $25 million trade finance facility with Citi and ADB
Friday, December 15th, 2017German KfW to provide 5.3 million to Armenia to help introduce agriculture insurance scheme
Thursday, December 14th, 2017The government of Armenia has approved today a draft grant agreement between the ministry of finance and the German state-owned KfW bank to the tune of 5.3 million euros
Armenian law provides for restrictions on fines and penalties
Thursday, December 14th, 2017The Armenian parliament has passed today in the second and final reading a set of amendments to the Civil Code, which provides for restrictions on fines and penalties imposed by financial organizations
VTB Bank Armenia starts accepting MasterCard PayPass proximity cards in trade centers
Thursday, December 14th, 2017VTB Bank Armenia starts accepting MasterCard PayPass proximity cards in trade centers, the press office of the bank reported on Thursday
USD -denominated coupon bonds by Converse bank listed on NASDAQ OMX Armenia
Wednesday, December 13th, 2017Starting from December 13, 2017 nominal coupon bonds issued by “Converse Bank” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds’ main Abond list, Nasdaq OMX Armenia said
Armenia to attract $40 million loan from Asian Development Bank
Wednesday, December 13th, 2017The Armenian parliament has ratified today a loan agreement with the Asian Development Bank to the tune of $40 million
Public debt-GDP ratio expected to be recorded at 55.4% in Armenia in 2017
Wednesday, December 13th, 2017The ratio of Armenia’s public debt to gross domestic product is expected to stand at 55.4% in 2017, Vardan Aramyan, finance minister, said Tuesday at the budget system discussion in the National Assembly
Araratbank underwrites mortgage bonds of First Mortgage Company
Tuesday, December 12th, 2017Armenian Araratbank has underwritten today covered mortgage bonds issued earlier by the First Mortgage Company to the tune of 100 million drams and USD 500,000 through Nasdaq OMX Armenia stock exchange
VTB Bank (Armenia) offers mortgage loans at better terms
Tuesday, December 12th, 2017Prompted by development trends at the local mortgage market and the needs of customers the VTB Bank (Armenia) has announced a new mortgage product that allows customers to but homes with only 3% down payment
Armenian banks’ investments in government bonds grow by 15.4 percent
Monday, December 11th, 2017Armenian banks’ investments in government bonds at the end of October 2017 stood at 422 billion drams, an increase of 15.4% since the beginning of the year
