Araratbank will conduct two IPOs, one of which to the tune of $40-50 million, Araratbank board chairman Ashot Osipyan told journalists on Friday
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Archive for June, 2018
Araratbank to conduct two IPOs
Friday, June 15th, 2018VTB Bank (Armenia) becomes general sponsor of “Caucasus School of Thyroid” medical forum
Friday, June 15th, 2018VTB Bank (Armenia) has become general sponsor in the organization of “Caucasus School of Thyroid” medical forum, the press office of the bank reported on Friday
Nikol Pashinyan discusses with VTB Bank head prospects of activity expansion in Armenia
Thursday, June 14th, 2018Armenian Prime Minister Nikol Pashinyan, who is now in Russia for a two-day working visit, had Thursday a breakfast with Andrey Kostin, President and Chairman of the Management Board of VTB Bank, the Armenian government’s press office reports
Shortage of cash assets is the main reason behind high interest rates on loans, prime minister says
Wednesday, June 13th, 2018The key reason why Armenia-based banks provide loans at high interest rates is the shortage of cash assets, said Prime Minister Nikol Pashinyan in a live broadcast on his Facebook page
Another 24/7 self-service zone opened in VTB Bank (Armenia) head office
Wednesday, June 13th, 2018Another round-the-clock self-service zone is already available in the head office of VTB Bank (Armenia) in 35 Moskovyan Street, the bank’s press office reported on Wednesday
ADB ready to continue implementing programs in Armenia
Wednesday, June 13th, 2018The Asian Development Bank is ready to continue implementing development programs in Armenia, Takehiko Nakao, President of the Asian Development Bank (ADB), said Tuesday as he met with Armenian President Armen Sarkissian, the Armenian president’s press office reports
Legelata advises agRIF Cooperatief U.A of the Netherlands in acquisition of stake in Inecobank cjsc of Armenia
Tuesday, June 12th, 2018AGRIF COOPERATIEF U.A. is a fund managed by Incofin Investment Management in Belgium.
Armenian banks allowed forgiving borrowers’ debt repayment delay
Tuesday, June 12th, 2018At their extraordinary meeting held Monday, the Armenian Cabinet ministers gave their approval to amendments to the tax law, which allow banks in Armenia to forgive the fines and penalties imposed on the citizens for delay in loan repayment
Non-commercial remittances to Armenia grew by 14.7% in 2018 April year-on-year to more than $125.4 million
Monday, June 11th, 2018The amount of non-commercial individual remittances sent to Armenia trough the banks in April 2018 grew by 14.7% year-on-year to more than $125.4 million
Armenia’s gross international reserves shrunk 1.5% to $2 007.8 million in late May 2018
Monday, June 11th, 2018Armenia’s gross international reserves totaled $2 007.8 million in late May 2018 after shrinking 1.5% or by $31.5 million over one month, the Central Bank of Armenia says in its preliminary report
