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  • Archive for April, 2021

    Vtb bank (Armenia) provides financing to AG Impex for acquisition of fixed assets

    Friday, April 30th, 2021

    VTB Bank (Armenia) and AG Impex LLC have been actively cooperating in the framework of settlement and cash services since last year. Recently, the bank also provided financing to AG Impex LLC for acquisition of fixed assets necessary for further expansion of its scope of activities

    Stepan Gishyan charity foundation helps create multimedia classroom in Gyumri for teaching French (video)

    Thursday, April 29th, 2021

    The classroom, created as a result of cooperation between the Stepan Gishyan charity foundation and the Sustainable Development Fund, is equipped with all multimedia capabilities for conducting interactive lessons, Acba bank said in a press release today

    IFC’s DigiLab to Drive Digital Transformation of Financial Services in Europe and Central Asia

    Thursday, April 29th, 2021

    IFC, a member of the World Bank Group, said it is supporting the digital transformation of financial institutions across Europe and Central Asia

    VTB Bank (Armenia) improves terms for buying out individual consumer loans

    Wednesday, April 28th, 2021

    As part of its policy to improve its products, VTB Bank (Armenia) has cut this time the annual interest rate and the commission charged for buying out individual consumer loans from other financial institutions, the press service of the bank reported

    Armenia, IFC officials discussed capital market development in Armenia

    Wednesday, April 28th, 2021

    Armenian acting Deputy Prime Minister Mher Grigoryan had a meeting via video link with the Regional Vice President of the International Finance Corporation (IFC) Georgina Baker on Tuesday, the press service of the Deputy Prime Minister’s office reported

    Acba bank cardholders can receive money transfers from Russia through their phone numbers

    Tuesday, April 27th, 2021

    As a result of cooperation between Acba bank and Russian Sberbank, it is now possible to receive money transfers from Russia in a matter of seconds in 24/7 mode without providing banking data. A phone number is sufficient, the press service of Acba bank reported

    There is now revaluation of dram's exchange rate- deputy chairman of central bank

    Tuesday, April 27th, 2021

    The market exchange rate of Armenia’s national currency, the dram, can devaluate and revaluate, Deputy Chairman of the Central Bank Nerses Yeritsyan said at a meeting of the parliamentary committee on financial-credit and budget issues on Tuesday

    HSBC Armenia Named Market Leader by Euromoney Trade Finance Survey 2021

    Tuesday, April 27th, 2021

    HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for trade finance by Euromoney’s 2021 Trade Finance Survey

    VTB Bank (Armenia) provides bank guarantee to LSoft developer

    Friday, April 23rd, 2021

    VTB Bank (Armenia) and the core banking system developer LSOFT have been actively cooperating in the framework of settlement and cash operations for more than 10 years, the press service of the bank said in a press release today

    AraratBank signs a € 3 million Loan Agreement with Incofin IM

    Friday, April 23rd, 2021

    AraratBank has raised EUR 3 million from two funds advised by impact investor Incofin Investment Management: EUR 1, 5 million from Volksvermogen NV and EUR 1, 5 million from Incofin CVSO providing micro entrepreneurs an access to small loans