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
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Archive for January, 2021
ACBA-CREDIT AGRICOLE BANK and Proparco sign $20 million loan agreement
Friday, January 29th, 2021VTB Bank (Armenia) launches new service for payment of money transfers effected in foreign currency in armenian drams
Thursday, January 28th, 2021VTB 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, 2021Armenian 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, 2021The 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, 2021On 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26, 2021, Armenia’s Central Bank will open a special office for citizens to replace Armenian banknotes, which were withdrawn from circulation, became old or damaged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, 2021Armenia’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, 2021Armenia’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, 2021VTB 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, 2021The 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, 2021The 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
