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    July 2018
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  • Archive for July, 2018

    VTB Bank (Armenia) reduces interest rates on mortgage loans

    Monday, July 30th, 2018

    The VTB Bank (Armenia) has announced a ‘significant’ drop in the annual interest rates on mortgage loans provided in Armenian drams ‘to make mortgage loans available to a wider segment of customers

    Armenia-based banks paid 27.6 billion drams in taxes and duties for first half of 2018

    Monday, July 30th, 2018

    All 17 Armenia-based commercial banks are in the list of 1000 largest taxpayers for the first half of 2018. They paid about 27.6 billion drams in taxes and duties, up from 21.6 billion drams paid for the first half of 2017, the State Revenue Committee (SRC) said

    ACBA-CREDIT AGRICOLE BANK begins servicing JCB cards

    Monday, July 30th, 2018

    JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and ACBA-CREDIT AGRICOLE BANK, one of the largest banks in Armenia

    VTB Bank (Armenia) becomes winner in category “the First Proximity Cards in Armenia” at “Innovation Awards” forum

    Friday, July 27th, 2018

    VTB Bank (Armenia) has become the winner in the category “The First Proximity Cards in Armenia” at the forum “Innovation Awards” organized by MasterCard international payment system, the press office of the bank reported on Friday

    NASDAQ OMX Armenia and Central Depository launch new strategy for 2018-2020 – new trading system, crowdfunding platform and mobile application

    Wednesday, July 25th, 2018

    NASDAQ OMX Armenia’s and Central Depository of Armenia’s supervisory boards have approved the high-level strategy and development plan for 2018-2020, the press office of the stock exchange reported on Wednesday

    Free MoneyTo transfers to France in honor of victory at World Cup 2018

    Wednesday, July 25th, 2018, congratulating French National Football Team on their victory at the World Cup, made money transfers to France free, the company said in its press release on Wednesday

    Unistream starts cooperating with HayPost

    Tuesday, July 24th, 2018

    Unistream has started cooperating with HayPost, national postal operator, the press office of the bank reported on Tuesday

    Converse bank to support fintech startups

    Tuesday, July 24th, 2018

    “Sevan Startup Summit 2018” was launched in Sevan on July 22, where Converse Bank is involved as a sponsor and a supporter in the capacity of financial service provider to the participants of the event, the bank’s press office reported on Monday

    Fast Credit UCO places AMD and USD denominated coupon bonds

    Monday, July 23rd, 2018

    Fast Credit UCO, CJSC placed Friday coupon bonds (FSCRB1) and (FSCRB2), denominated in Armenian dram and US dollar respectively, on NASDAQ OMX Armenia Exchange, the stock exchange’s press office reports

    Around $89.4 million bought by Armenian banks last week

    Monday, July 23rd, 2018

    Armenia’s commercial banks bought around $89.4 million from the local foreign currency market on June 16 to 20 at the average weighted exchange rate of 479.91 drams per one USD, the Central Bank of Armenia reported on Monday