The Armenian parliament has passed today in the second and final reading a bill that raises the amount of fines that may be imposed on commercial banks for violating consumer rights
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Archive for March, 2021
Armenian parliament raises fines imposed on banks for violating customers' rights
Wednesday, March 24th, 2021Apricot dream: Acba bank is financing creation of intensive apricot orchard (video)
Tuesday, March 23rd, 2021The Acba bank is financing the creation of the largest intensive apricot orchard in Armenia, the press service of the bank reported
Number of bank customers in Armenia increased by 7.5% in 2020 to 3,251,281
Friday, March 19th, 2021In connection with the International Client’s Day the Union of Banks of Armenia said the number of bank customers increased by 7.5% in 2020 from the previous year to 3,251,281
Unibank wins STP Quality Award of Austrian Raiffeisen Bank International
Thursday, March 18th, 2021One of the leading banks in Armenia in international settlements – Unibank – won the STP Quality Award, established by the Austrian Raiffeisen Bank International. According to the bank’s press service, this award is given for the high quality and speed of processing international settlements
VTB Bank (Armenia) provides financing to Ardis LLC for expansion of distribution capabilities
Thursday, March 18th, 2021VTB Bank (Armenia) and Ardis LLC have been cooperating since 2019 in the framework of settlement and cash services and credit and documentary products, the press service of the bank said in a press release today
Armenian banks to writ off 3 billion dram worth loans owed by killed or wounded servicemen or their families
Wednesday, March 17th, 2021Armenian commercial banks have forgiven the families and relatives of those wounded and killed during the war in Artsakh 2 billion drams worth loans, central bank chairman Martin Galstyan said on Tuesday
Lending by Armenian banks in early 2021 is up 11 percent, central bank says
Tuesday, March 16th, 2021Lending volumes have grown in Armenia in early 2021, Chairman of the Central Bank of Armenia Martin Galstyan said on Tuesday
Armenian postal operator to launch electronic wallet
Tuesday, March 16th, 2021Armenia’s national postal operator Haypost will launch its own electronic wallet
AMD bonds of Unibank's new issue listed on Armenian Securities Exchange
Tuesday, March 16th, 2021The 13th issue of Unibank AMD denominated bonds was listed on the Armenian Securities Exchange. The issue volume makes up 1 billion AMD with the annual 10.5% coupon yield. Taking into account the high demand from investors, the placement of bonds ended prematurely
Armenian central bank leaves refinancing rate unchanged
Tuesday, March 16th, 2021Armenian Central Bank’s Executive Board has decided today to leave the refinancing rate unchanged at 5.5%
