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  • Archive for August, 2018

    Unibank reports 20% rise in the volume of provided consumer loans

    Friday, August 31st, 2018

    About a third of POS loans in Armenia are provided by Unibank – one of the leaders of the sphere in the country’s market, the Yerevan-based bank said in a press release today

    UMAF with assistance of ACBA-CREDIT AGRICOLE BANK implements public health charity program in Lori

    Thursday, August 30th, 2018

    The Union of Armenian Doctors of France (UMAF) with the assistance of ACBA-CREDIT AGRICOLE BANK implemented a public health charity program in the northern province of Lori, called “Spectacles for Armenia”, the press service of the bank reported

    Police tracks down person who assisted in stealing money from ATM in Yerevan

    Monday, August 27th, 2018

    Armenia’s Investigative Committee revealed details of a theft of large amount of money from an ATM in the capital city Yerevan owned by Conversebank

    Armenian banks bought $82.2 million at local forex market

    Monday, August 27th, 2018

    Armenian banks bought a total of $82.2 million at the local forex market from August 20 to August 24 at the weighted average rate of 482.19 drams for $1, the press service of the Central Bank reported

    ACBA-CREDIT AGRICOLE BANK and EBRD sign $17 million loan agreement

    Monday, August 27th, 2018

    The Yerevan-based ACBA-CREDIT AGRICOLE BANK and the European Bank for Reconstruction and Development (EBRD) have concluded a loan agreement to the tune of $17 million, the bank’s press service reported

    Armenian banks’ reserves for possible losses on loans grew to 148 billion drams

    Friday, August 24th, 2018

    In the first half of 2018 Armenia’s commercial banks increased their reserves for possible losses on loans by 36.7 billion drams or 33.7% to 148 billion drams year-on-year, according to ARKA news agency’s bulletin “Banks of Armenia” for the second quarter of 2018

    Transactions with corporate bonds at NASDAQ OMX Armenia stock exchange double in seven months

    Friday, August 24th, 2018

    The amount of transactions with corporate bonds effected at NASDAQ OMX Armenia stock exchange in the first 7 months of 2018 doubled when compared to the same period last year, according to data, provided by the exchange

    EDB granted status of participant in NASDAQ OMX Armenia foreign exchange and government bond markets

    Friday, August 24th, 2018

    The Eurasian Development Bank (EDB) has been granted the status of a participant in the Nasdaq OMX Armenia foreign exchange and government bond markets

    Pashinyan expects mortgage rate to drop

    Thursday, August 23rd, 2018

    In a live Facebook stream on August 22 evening Armenian Prime Minister Nikol Pashinyan said he expects mortgage rates to drop further. According to him, over the past three months, mortgage lending rates have decreased by 1-1.5%

    ACBA-CREDIT AGRICOLE BANK has forgiven 433 loan obligations worth more than 188 million drams

    Thursday, August 23rd, 2018

    Starting from August 1 the Yerevan-based ACBA-CREDIT AGRICOLE BANK began forgiving fines and penalties on bad individual loans