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  • Archive for February, 2021

    VTB Bank (Armenia) sums up results of Profitable Investment deposit promotion campaign

    Wednesday, February 10th, 2021

    VTB Bank (Armenia) said today it has summed up the results of a special two-stage deposit promotion campaign, called the Profitable Investment that was launched in October 2020

    Artsakh authorities to show support to borrowers

    Wednesday, February 10th, 2021

    The authorities in Artsakh (Nagorno-Karabakh) will provide state support to borrowers, Artsakh Finance Minister Grigory Martirosyan said during a meeting at the Union of Banks of Armenia. The meeting was attended by representatives of Armenian banks which provided loans to Artsakh residents and companies

    HSBC Armenia Named Best Cash Management Bank by 2020 Euromoney Cash Management Poll

    Tuesday, February 9th, 2021

    For the third year in a row, HSBC Bank Armenia cjsc (hereinafter HSBC Armenia) has been ranked No.1 Domestic Cash Manager for Corporates by Euromoney magazine’s 2020 Cash management poll, the Bank said in a press release today. HSBC Armenia was also recognized as No.1 bank for Service for Corporates in Armenia for the second year in a row

    Stepan Gishyan charity foundation announces grant competition

    Tuesday, February 9th, 2021

    The Stepan Gishyan charity foundation, run by ACBA-CREDIT AGRICOLE BANK, has announced today a grant competition, designed for legal entities, the press service of the ACBA-CREDIT AGRICOLE BANK reported

    Cooperation between VTB Bank (Armenia) and Max Fish Group of companies opens up new opportunities for fish farming in Armenia

    Tuesday, February 9th, 2021

    The VTB Bank (Armenia) and the Max Fish group of companies began their cooperation in 2013 in the framework of settlement and cash and credit documentary products. Recently, the Bank financed one of the companies of the group, Mac Fish LLC, providing it with new opportunities to develop its fish farming business

    Unibank issues AMD-and USD-denominated bonds with 10.5% and 5.3% yield respectively

    Monday, February 8th, 2021

    Unibank has announced today the issue of coupon bonds in Armenian drams and US dollars with annual yields of 10.5% and 5.3% respectively

    Average market exchange rate of USD against Armenian dram in 2020 was 489.01 drams

    Monday, February 8th, 2021

    According to the National Statistical Committee of Armenia, the average market exchange rate of the USD against the Armenian national currency in 2020 was 489.01 drams

    VTB Bank (Armenia) offers real estate-secured consumer loans

    Friday, February 5th, 2021

    VTB Bank (Armenia), focusing on the needs of its customers, continues to expand its product line. According to the press service of the bank, this time bank offer real-estate secured consumer loans, which are provided to individuals for any purpose and can be the best solution to cover consumer expenses

    World Bank provides Armenia with $7.4 million to improve hospitals' capacity

    Friday, February 5th, 2021

    Armenia’s health system response to COVID-19 and potential future pandemics, including hospitals’ capacity for case management and intensive care, will benefit from $7.4 million in Additional Financing for the Disease Prevention and Control Project, approved today by the World Bank’s Board of Executive Directors, World Bank reported today

    Armenia has never had problems with debt servicing, central bank deputy chairman says

    Friday, February 5th, 2021

    YEREVAN, February 5. /ARKA/. Armenia has never had problems with servicing its public debt, Deputy Chairman of the Central Bank Nerses Yeritsyan said in an interview with the Public Television of Armenia. He said otherwise investors would not have invested a penny in Armenia. He also noted that the absence of problems with debt servicing  is […]