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    February 2021
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  • Archive for February, 2021

    Armenia's foreign exchange reserves drop to $2.400.3 billion in January 2021

    Friday, February 26th, 2021

    Armenia’s foreign exchange reserves, as of January 2021, stood at $2.4 billion, down from $2.615.5 billion in late December 2020, the Central Bank said in a report

    VTB Bank (Armenia) finances Photon LLC

    Monday, February 22nd, 2021

    Cooperation between VTB Bank (Armenia) and Photon LLC in the framework of documentary operations is key to the successful fulfillment of the company’s contractual obligations, the press service of the bank said in a press release

    Armenia's per capita GDP in 2020 drops to $4,269

    Monday, February 22nd, 2021

    Armenia’s per capita GDP in 2020 amounted to a little over 2 million drams or $4,269, according to the numbers, released today by the National Statistical Committee (NSC)

    AraratBank greets its bookworm-customers with books

    Friday, February 19th, 2021

    Today, on the occasion of the birthday of the greatest Armenian poet Hovhannes Tumanyan, which is marked also as the Book Donation Day, AraratBank presented books to its book-loving customers

    Heads of Armenian banks compile list of motivating books

    Friday, February 19th, 2021

    The heads of Armenian commercial banks compiled a list of ‘motivating’ books that was unveiled today, marked in Armenia as the Book Donation Day, the Union of Banks of Armenia said

    VTB Bank (Armenia) offers individual clients to use Credit Line product

    Thursday, February 18th, 2021

    Keeping up with the times, VTB Bank (Armenia), within the framework of consumer lending, offers its individual clients to use the “Credit Line” product, the press service of the bank reported

    ACBA Bank tells about its path, difficulties and sources of inspiration (VIDEO)

    Wednesday, February 17th, 2021

    The history of ACBA Bank, which took over the financing of agriculture in the newly independent Armenia, began with two rooms, one computer, one printer, several chairs and a table, the press service of the bank reports

    Unibank fully placed AMD bonds ahead of schedule

    Tuesday, February 16th, 2021

    Just in one week, ahead of the scheduled time, Unibank has completely placed 1 billion issue of AMD denominated bonds. The AMD bonds will be listed on the AMX Armenia Stock Exchange, the bank said in a press release today

    Converse Bank is again the winner of the EBRD’s “Deal of the Year – Green Trade” award

    Friday, February 12th, 2021

    Converse Bank said it is presented with the prestigious “Deal of the Year – Green Trade 2019” award by the European Bank for Reconstruction and Development (EBRD) under its Green Trade Facilitation Programme (Green TFP) for “encouraging best practices in industrial water efficiency in Armenia, with a water-savings impact equivalent to the annual water consumption of 220 Armenian households.”

    Armenian parliament raises fines imposed on banks for violating client's rights

    Friday, February 12th, 2021

    The Armenian parliament passed Thursday in the first reading a bill that raises the amount of fines that may be imposed on commercial banks for violating consumer rights. The bill was endorsed by a vote of 93 to one and 19 abstentions