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  • Archive for May, 2019

    ACBA-CREDIT AGRICOLE BANK assists in publishing Charles Aznavour’s book

    Thursday, May 23rd, 2019

    With financial assistance from ACBA-CREDIT AGRICOLE BANK, the Newmag publisher has translated and published in Armenian Clinging to Life, a book by the famous French singer of Armenian origin Charles Aznavour. According to the bank, this is the ninth book by Aznavour, which he wrote in 2017

    Some 8.2% of users in Armenia were subjected to phishing attacks, according to Kaspersky lab

    Wednesday, May 22nd, 2019

    In the first quarter of 2019, some 8.2% of users in Armenia were subjected to phishing attacks, according to a study by Kaspersky Lab experts. They said, the percentage of users in neighboring Azerbaijan was the same, while in Georgia it was 14.76%

    ACBA federation and German NABU to provide grants for development of rural tourism in Armenia

    Wednesday, May 22nd, 2019

    The ACBA Federation in cooperation with the Armenian branch of the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany, summed up the results of a grant competition

    SME Banking Club awards Unibank most innovative bank 2018 certificate

    Tuesday, May 21st, 2019

    In the first quarter of 2019 Unibank provided about 8bln drams for financing entrepreneurship. The number of business loans issued during the reporting period, grew by 11% when compared with the same period last year, the bank said today in a news release

    IMF executive board approves US$248.2 million stand-by arrangement for Armenia

    Monday, May 20th, 2019

    The IMF approved a 36-month Stand-By Arrangement (SBA) for Armenia amounting to about US$248.2 million, Armenian Central bank reported. The Armenian authorities have indicated that they will treat the arrangement as precautionary, and do not intend to draw on the new SBA unless shocks generate balance of payments needs, IMF said in a press release

    Private money transfers to Armenia in first quarter of 2019 grew by 9.26% to $391.4 million

    Monday, May 20th, 2019

    Private money transfers sent to Armenia via banks in the first quarter of 2019 grew by 9.26% from the first quarter of 2018 to $391.4 million, the Central Bank said. It said in March alone, the amount of money transfers dropped by 3.6% from the same month in 2018 to $132.1 million

    In quarter one, Armenian banks paid 11.8 billion drams in taxes

    Monday, May 20th, 2019

    The list of Armenia’s largest 1000 corporate taxpayers in the first quarter of 2019 includes all the 17 commercial banks operating in the country, which paid a total of 11.8 billion drams in taxes, up from 9.4 billion drams they had paid in the first quarter of 2018 (an increase of 25.3%), according to the State Revenue Committee of Armenia (SRC).

    Armenian president visits Astana international financial hub in Kazakhstan

    Friday, May 17th, 2019

    YEREVAN, May 17. /ARKA/. Armenian President Armen Sarkissian visited today the international financial center Astana as part of his working visit to the capital of Kazakhstan, Nur-Sultan, his press service reported. It said the head of the center, Kairat Kelimbetov, told Sarkissian about its goals, principles and plans. Noting that the center operates based on […]

    Unibank opens new ‘Gugark’ branch in Vanadzor

    Monday, May 13th, 2019

    Unibank has opened a new ‘Gugark’ branch in Vanadzor, the administrative center of the northern province of Lori. The bank said in a press release today that the branch is located at 44-46, Tigran Mets Street. It said the location was chosen in view of the growing demand for banking services in the region and the business environment

    Armenian parliament extends the limit of consumer credits

    Wednesday, May 8th, 2019

    Armenian parliament has approved today in the first reading a bill on amending the Law on Consumer Lending, proposed by the Bright Armenia faction