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  • Archive for May, 2021

    Armenian credit organizations write off 500 million drams worth loans of those killed in Karabakh war

    Wednesday, May 26th, 2021

    Armenian credit organizations have written off 500 million drams worth loans of those who were killed during the last autumn war in the Nagorno-Karabakh conflict zone and their family members, chairman of the Central Bank Martin Galstyan told a parliament session today

    Unibank and Visa give away a two-day vacation

    Wednesday, May 26th, 2021

    Unibank and Visa together have launched a new promotion, within the framework of which the holders of Visa NON-Cash credit cards will be given the chance to win a two-day trip for two people to one of the most comfortable hotels in Armenia

    Armenia amends law on joint stock companies

    Wednesday, May 26th, 2021

    By a vote of 76 to 3 abstentions the Armenian parliament has passed today in the second and final reading a string of government-proposed amendments to the law on joint stock companies and a number of related laws

    VTB Bank (Armenia) significantly improves its NPS and CSI indicators

    Tuesday, May 25th, 2021

    VTB Bank (Armenia) said today it has considerably improved its net promoter score (NPS) and customer satisfaction index (CSI) over the past year, going above the international targets

    Aznavour's birthday anniversary - with the 5th book and new projects

    Tuesday, May 25th, 2021

    On the occasion of the 97th birth anniversary of the great Armenian Charles Aznavour, Newmag and Amundi-Acba presented the first and only literary work by the chansonnier – a collection of short stories ‘Mon Père, ce géant ‘ (My Father, this Giant) in the Armenian language, Acba bank reported

    French acrobatic circus presents its Instable show in Armenia with support from Acba bank

    Monday, May 24th, 2021

    One of the most promising circus artists of his generation in France, Nicolas Fraiseau has gathered around himself the young to old. He presented in Armenia his show called Instable (Unstable), which is somewhere between poetry and absurdity. The show has been a great success in Europe

    VTB Bank (Armenia) provides express agro loans as part of government-designed program

    Friday, May 21st, 2021

    VTB Bank (Armenia), a leading Armenia-based commercial bank in terms of financing government-designed programs, continues to actively participate in the initiatives of the government, worked out to help enhance the economic development of the country, including through support for agriculture, the bank said in a press release today

    Bank deposits in Armenia grow by 173 billion drams over 12 months

    Thursday, May 20th, 2021

    At the end of the first quarter of 2021 the total bank deposits in Armenia were 4.9% or 173 billion drams up from the same time span of 2020 standing at 3.7 trillion drams, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on May 19

    Non-cash transactions continue to grow in Armenia

    Wednesday, May 19th, 2021

    The number of non-cash transactions in Armenia has grown by 73.5% over the last 12 months, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday.

    Total capital of 17 Armenia-based commercial banks in the first quarter of 2021 stood at 913 billion drams

    Wednesday, May 19th, 2021

    The total capital of 17 Armenia-based commercial banks in the first quarter of 2021 stood at 913 billion drams, Executive Director of the Union of Banks of Armenia Seyran Sargsyan said at a press conference on Wednesday