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  • Archive for June, 2021

    EBRD, EU, GCF expand funding for SMEs in Armenia; US$ 10 million to ACBA Bank for green lending to private sector

    Wednesday, June 30th, 2021

    Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release

    IFC Appoints New Regional Manager for the South Caucasus

    Monday, June 28th, 2021

    IFC has appointed Ivana Fernandes Duarte as its new Regional Manager for the South Caucasus. Based in Tbilisi, she will be overseeing operations in Armenia, Azerbaijan, and Georgia, IFC said today in a press release.

    Ameriabank’s green bonds admitted to trading at Armenian Securities Exchange

    Friday, June 25th, 2021

    The green bonds issued by Ameriabank CJSC in 2020 November were admitted to trading on the free market at the Armenian Securities Exchange (AMX)

    AMX awarded “The Best Bond Deal” at Cbonds Awards CIS

    Friday, June 25th, 2021

    Today AMX has been nominated in the category “The Best Bond Deal” at Cbonds Awards CIS as participant of the cross-listing deal of “Unibank” ojsc

    VTB Bank (Armenia) invites customers to join #cashbackmarathon promotion campaign held together with MasterCard

    Thursday, June 24th, 2021

    Holders of MasterCard cards who will use them to pay for their daily purchases until 06/30/2021 will join a promotion campaign and get a cashback in the amount of 20 thousand to 800 thousand drams, VTB Bank (Armenia) said today

    AraratBank wraps up the 2020 annual indicators

    Thursday, June 24th, 2021

    AraratBank wraps up the 2020 fiscal year with the profit of 1.3 billion Armenian drams, which is a sufficient result in the conditions of the crisis driven by the COVID-19 pandemic and the war, the Bank said today in a press release

    Acba bank CEO awarded French National Order of Merit (video)

    Thursday, June 24th, 2021

    The Chief Executive Officer of Acba bank Hakob Andreasyan has been awarded the National Order of Merit (Ordre National du Mérite) on behalf of the President of France, the press service of the bank reported today.

    VTB BANK APPROVES NEW COMPOSITION OF VTB BANK (ARMENIA) EXECUTIVE BOARD

    Wednesday, June 23rd, 2021

    At its annual meeting of shareholders VTB Bank (PJSC) approved the new composition of the Management Board of its Armenian subsidiary VTB Bank (Armenia), the latter said in a press release

    Fitch Affirms ACBA Bank at 'B+', Outlook Negative

    Friday, June 18th, 2021

    Fitch Ratings has affirmed the Armenia’s ACBA BANK Open Joint-Stock Company’s (ACBA) Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. A full list of rating actions is at the end of this commentary

    Fitch Affirms Ardshinbank at 'B+', Outlook Negative

    Friday, June 18th, 2021

    Fitch Ratings has affirmed Armenia’s Ardshinbank CJSC’s (Ardshin) Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook