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    January 2021
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  • Archive for January, 2021

    ACBA-CREDIT AGRICOLE BANK and Proparco sign $20 million loan agreement

    Friday, January 29th, 2021

    The ACBA-CREDIT AGRICOLE BANK and Proparco, a subsidiary of the French Development Agency, focused on private sector development, signed a loan agreement to the tune of $20 million that will be channeled into the development of small and medium-sized enterprises in Armenia’s agricultural sector, the Bank said today in a press release

    VTB Bank (Armenia) launches new service for payment of money transfers effected in foreign currency in armenian drams

    Thursday, January 28th, 2021

    VTB Bank (Armenia), one of the leading banks in the country in terms of the amount of effected money transfers, provides its clients with a string of opportunities to make international money transfers, the press service of the bank said in a press release

    Armenian government's decision to issue Eurobonds is a forced step containing great risks, economist says

    Wednesday, January 27th, 2021

    Armenian government’s decision to place another issue of Eurobonds is a forced step that contains great risks, economist Tatul Manaseryan said in an interview with ARKA news agency

    VTB Bank (Armenia) offers gold-secured loans on favorable terms

    Monday, January 25th, 2021

    The VTB Bank (Armenia) said today it offers loans secured by gold jewelry on the most favorable terms. According to the bank’s press service, loans are provided under the following terms

    Central bank to open office for replacing old and damaged banknotes

    Monday, January 25th, 2021

    On January 26, 2021, Armenia’s Central Bank will open a special office for citizens to replace Armenian banknotes, which were withdrawn from circulation, became old or damaged

    Armenian national postal operator to create credit organization

    Monday, January 25th, 2021

    Armenia’s national postal operator Haypost said it is setting up a subsidiary credit organization Post Credit. Haypost said it has applied to the Central Bank of Armenia to get official registration and license for running Post Credit

    Armenia's overall public debt grows to $7.97 billion

    Monday, January 25th, 2021

    Armenia’s total public debt amounted to $7.968.5 billion at the end of 2020, having surged by $647.2 million from the previous year, according to a finance ministry’s report

    VTB Bank (Armenia) provides financing to Yerevan factory of sparkling wines

    Thursday, January 21st, 2021

    VTB Bank (Armenia) began cooperation with the Yerevan Factory of Sparkling Wines in December 2020 as part of a government program designed to subsidize interest rates on loans provided to economic entities engaged in the agro-processing sector, providing it with funds for purchase of raw materials

    Armenian banks paid 49.088 billion drams in taxes in 2020

    Wednesday, January 20th, 2021

    The list of Armenia’s largest 1000 corporate taxpayers in 2020 includes all 17 commercial banks operating in the country, which paid more than 49.088 billion drams in various taxes, according to the State Revenue Committee (SRC)

    EBRD reports record 2020 investment in Armenia

    Wednesday, January 20th, 2021

    The European Bank for Reconstruction and Development (EBRD) responded to the Covid-19 pandemic in Armenia in 2020 with record investment of €167 million for projects in energy, banking and transport and through trade finance support, the Bank said in a press release today. The Bank helped to address the immediate and longer-term needs of the country’s economy