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  • Archive for August, 2020

    Thirteen Armenian banks are in the list of 100 largest corporate taxpayers

    Monday, August 10th, 2020

    Thirteen Armenia-based commercial banks were in the list of 100 largest corporate taxpayers in the first half of 2020, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Monday

    The number of non-cash transactions in first half of 2020 exceed cash ones

    Monday, August 10th, 2020

    The number of transactions made in Armenia in the first half of 2020 by using banking cards grew by 22.8% compared to the first half of 2019, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Monday

    Armenian banks' total capital grows by 5.6% in first half of 2020

    Monday, August 10th, 2020

    The total capital of 17 commercial banks operating in Armenia grew by 5.6% in the first half of 2020 or 47 billion drams to 891 billion drams, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Monday

    Unibank opens “Sisian” branch

    Monday, August 10th, 2020

    Unibank said today it has opened a new, 52nd branch in the town of Sisian, in Syunik province. The newly opened branch is located at 39/62-1 Israyelyan Street, Sisian. Artur Sargsyan, Head of the Sisian community, and Mesrop Hakobyan, CEO of Unibank, attended the opening ceremony

    Some 80.8 billion drams of government bonds traded at AMX in July

    Monday, August 10th, 2020

    The Armenian Securities Exchange (AMX) said the trade value of the Armenian government bonds traded in the primary market in 2020 July has grown by 46% from the same month in 2019 to 80.8 billion drams

    Union of Banks of Armenia: stability is important for Armenian banks to remain capitalized and liquid

    Thursday, August 6th, 2020

    Maintaining Armenian banking sector’s stability is very important amid ongoing coronavirus crisis, said Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA), which has become 25 years old

    IFC supports Inecobank to back Armenian smaller businesses AMID COVID-19 crisis

    Thursday, August 6th, 2020

    IFC, a member of the World Bank Group, said it is providing a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small, and medium enterprises (MSMEs), helping them address the challenges triggered by the COVID-19 outbreak

    Armenia's 12-month inflation in July 2020 was 1.5 percent

    Wednesday, August 5th, 2020

    The 12-month inflation in Armenia’s consumer market in July 2020 amounted to 1.5%, the National Statistical Committee (NSC) said

    Unibank’s USD bonds listed on Moscow Exchange

    Tuesday, August 4th, 2020

    For the first time in the history of the Armenian Banking, “Unibank” OJSC has undertaken a secondary listing of bonds in Russia, the bank said in a press release today. It said the tenth tranche of Unibank’s coupon bonds with an annual yield of 5.25% has been included on the third listing level of Moscow Exchange. Trading starts on August 4, 2020; ISIN – AMUNIBB2AER2

    Russia to scrap taxation agreement with Cyprus

    Tuesday, August 4th, 2020

    Russia said on Monday it would initiate a process to scrap an agreement with Cyprus aimed at avoiding double taxation, the Russian Finance Ministry said on Monday, TASS reported