Armenia’s Deputy Minister of Labor and Social Affairs Tatevik Stepanyan said at a government meeting today that starting from July 1, 2021, all pensioners in the capital Yerevan and in the second and third largest towns of Gyumri and Vanadzor will start receiving their pensions on their bank cards
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Archive for June, 2021
Armenia shifts to cashless method of pension payment
Thursday, June 10th, 2021Armenia's 12-month inflation in May 2021 amount to 5.9%
Wednesday, June 9th, 2021Armenia’s consumer prices were 5.9% up in May 2021 compared to May 2020, and 0.4% down compared to April 2021, according to the numbers, released today by the National Statistical Committee (NSC)
Vtb bank (Armenia) and Megna offer unprecedented loan terms for purchase of Renault cars
Wednesday, June 9th, 2021VTB Bank (Armenia) and MEGNA LLC offer customers to purchase Renault cars under unprecedented favorable credit terms
Acba bank conducts free business trainings for Armenian SMEs
Tuesday, June 8th, 2021How to grow a successful business, to manage and control costs correctly? For 7 years already, Acba bank has been conducting free business trainings, providing participants not only with knowledge of business management and development, but also with experience, the press service of the bank said
Symbiotics arranges a Sustainability Bond in Armenia with AraratBank for USD 14.5 million
Tuesday, June 8th, 2021Symbiotics, the leading market access platform for impact investing, has arranged a USD 14.5 million Sustainability Bond for AraratBank. Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), has made a USD 5 million subscription to this Sustainability Bond
ACBA Leasing unveils new option for companies
Friday, June 4th, 2021ACBA Leasing said today companies wishing to expand their businesses may purchase office premises on flexible leasing terms
Armenia-based banks have enough capital to withstand negative economic shocks, central bank chairman says
Friday, June 4th, 2021The stress tests conducted by Armenia’s Central Bank showed that even under scenarios of a deep recession or a financial market crash, even an apocalyptic scenario, Armenia-based banks have enough capital to withstand negative economic shocks, the chairman of the Central Bank Martin Galstyan told reporters on Thursday
Share of non-performing loans of Armenian banks grows to 7%
Friday, June 4th, 2021The share of non-performing loans of Armenian banks reached 7% in April 2021, the chairman of the Central Bank Martin Galstyan told reporters on Thursday
Acba bank places AMD and USD-denominated book-entry bonds through public offering
Thursday, June 3rd, 2021Acba bank is placing coupon book-entry bonds through public offering to the tune of $3,000,000 (three million) US dollars and 2,000,000,000 (two billion) Armenian drams with 4.1% and 9.5% yields, respectively, the press service of the bank reported
VTB Bank (Armenia) doubles mortgage loan portfolio
Thursday, June 3rd, 2021As a leading bank in Armenia’s mortgage lending market, VTB Bank (Armenia) keeps on developing one of the most popular products having doubled its mortgage loan portfolio over the past few years, increasing simultaneously the mortgage lending by 7 times, the press service of the bank reported today
