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    September 2020
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  • Archive for September, 2020

    Armenian banks capable of serving their clients, Union of Banks says

    Monday, September 28th, 2020

    Armenian banks are capable of providing the full range of services to their customers and the country’s economy under martial law, the Union of Banks of Armenia said in a statement

    Araratbank rebrands unveiling new concept, new approaches and new colors

    Saturday, September 26th, 2020

    Climbing atop the Mount Teghenis on September 24, top managers and staff members of Araratbank announced the official start of the bank’s rebranding process. Choosing the top of Mount Teghenis was not accidental, since important symbols of all Armenians can be seen from there: the four peaks of Mount Aragats, the Geghama Mountain Range, Mount Ararat and Mount Ara, the bank said in a press release

    Araratbank board chairman: Armenian banking system is stable despite enormous stress

    Friday, September 25th, 2020

    Macroeconomic analysis shows that the impact of the coronavirus pandemic on Armenia’s banking sector was not as strong as expected, and the system itself turned out to be stable, Araratbank Board Chairman Grigor Hovhannisyan told reporters yesterday

    Credit holidays can cause major damage to Armenian banks, central bank deputy chairman says

    Thursday, September 24th, 2020

    The so-called “credit holidays” granted to thousands of borrowers in Armenia can cause major damage to the country’s s banking system, while writing off fines and penalties on loans can force banks to declare bankruptcy, Deputy Chairman of the Central Bank Nerses Yeritsyan told a parliament-hosted discussion on banks’ problems today

    Armenian government allocates another AMD 119 billion to cushion economic consequences of COVID-19

    Thursday, September 24th, 2020

    Armenian Vice Premier Mher Grigoryan pointed out Thursday the progress in the implementation of the government’s 1st and 2nd programs aimed at cushioning the economic consequences of the coronavirus

    ACBA-CREDIT AGRICOLE BANK opens branch in Meghri

    Wednesday, September 23rd, 2020

    The ACBA-CREDIT AGRICOLE BANK has opened its 61st branch today in the town of Meghri in the southern province of Syunik. The new branch will provide the full range of the bank’s services, ACBA-CREDIT AGRICOLE BANK said in a press release

    Armenia Securities Exchange (AMX) and Cbonds sign cooperation agreement

    Tuesday, September 22nd, 2020

    The Armenia Securities Exchange (AMX) and the Cbonds agency have signed a cooperation agreement which enables AMX to place quotes and detailed information on the securities and bonds traded currently on its platform, also on the Premium Cbonds website

    Armenian banks provide 119 billion drams worth loans to support government's anti-coronavirus measures

    Tuesday, September 22nd, 2020

    As part of a string of assistance measures designed by the government of Armenia to help companies and citizens offset the consequences of the coronavirus crisis, local banks have provided loans to the tune of 119 billion drams, the Union of Banks of Armenia said in a statement

    Warsaw Stock Exchange intends to acquire 65% of Armenia Securities Exchange

    Friday, September 18th, 2020

    The Warsaw Stock Exchange (GPW) Management Board and the Central Bank of Armenia (CBA) signed today a term sheet concerning negotiations to purchase 65% majority interest in the Armenia Securities Exchange (AMX) by GPW, the regulator reported

    Bankruptcy formalization procedure changed in Armenia

    Friday, September 18th, 2020

    Armenia’s National Assembly passed Friday in the second, final reading amendments to the law on bankruptcy