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  • Archive for November, 2019

    Unibank announces new issue of USD-denominated bonds with annual yield of 5.25%

    Wednesday, November 20th, 2019

    Unibank has announced today a new issue of USD-denominated bonds with an annual yield of 5.25% and a quarterly payment of coupon income

    Armenian central bank chairman travels to Prague for international forum

    Wednesday, November 20th, 2019

    Arthur Javadyan, the chairman of the Central Bank of Armenia, flew to Prague on Wednesday

    Stepan Gishyan charity foundation opens modern French language classroom at #8 school in Hrazdan

    Tuesday, November 19th, 2019

    From now on, the students at #8 basic school in the town of Hrazdan will be having their French language classes in a new and furnished classroom

    IDBank is adamant to defend its interests in all judicial instances: bank is not threatened by bankruptcy

    Monday, November 18th, 2019

    The IDBank is adamant to defend its interests in all judicial instances, the chairman of the bank’s Board Mher Abrahamyan told reporters on Monday in comments on a trial that involves businessman Gevorg Afandyan and the alienation of property of B.M.L Arzni LLC that has been considered by Armenian courts for several years already

    Araratbank offers its own mobile application

    Monday, November 18th, 2019

    Armenia’s Araratbank offers its own mobile application – ARARATMobile. Karen Sargsyan, chairman of the bank’s board, speaking Saturday at the application presentation ceremony, pointed out the advantages the application provides and singled out security system as the most important of them

    Armenian central bank concerned over fast growth of consumer loans portfolio

    Friday, November 15th, 2019

    The Central Bank of Armenia is concerned over the fast growth of consumer loans portfolio, Arthur Javadyan, the chairman of the regulator said on Thursday during discussion of the 2020 draft government budget at a regular cabinet meeting

    Taxes paid by commercial banks in Armenia up 9.4 percent

    Friday, November 15th, 2019

    Seventeen Armenia-based commercial banks paid a total of 42.3 billion drams in taxes for the first nine months of 2019, the Union of Banks of Armenia reported

    Armenia to get €45.8 million budget assistance loan from IBRD

    Friday, November 15th, 2019

    The International Bank for Reconstruction and Development (IBRD) will provide Armenia with a budget assistance loan worth €45.8 million, First Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday

    Armenia to bring bankruptcy procedures in line with requirements of doing business rating

    Friday, November 15th, 2019

    Armenia’s Parliament has approved today in the first reading a set of amendments to the Law on Bankruptcy, which are designed to bring this procedure in line with the requirements of the World Bank’s Doing Business rating

    Armenia may host EBRD annual meeting in 2021

    Monday, November 11th, 2019

    On November 8, Armenian Deputy Prime Minister Tigran Avinyan received a delegation led by Secretary General of the European Bank for Reconstruction and Development (EBRD) Enzo Quattrociocche