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    August 2021
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  • Archive for August, 2021

    Armed man broke into bank branch and stole 100 million drams

    Tuesday, August 31st, 2021

    A man who broke today morning into a branch of a bank in the Yerevan Mall shopping center and, threatening with a gas pistol, stole a large sum of money was disarmed on the spot by security officers and citizens and detained, the Police said

    Armenia’s State Revenue Committee to create electronic platform for return of individual income tax used to pay off mortgage interests

    Friday, August 27th, 2021

    Armenia’s State Revenue Committee (SRC) said today it has discussed the initiative to create an electronic platform for the return of individual income tax used to pay off mortgage interest with several government agencies and organizations. It said also that the initiative is part of a program designed to develop and improve its administration

    VTB Bank (Armenia) customers can now make instant money transfers

    Monday, August 23rd, 2021

    VTB Bank (Armenia) customers can now make money transfers to Visa, MasterCard, MIR, Union Pay cards issued by foreign banks, as well as to bank accounts in the EU member countries. The money is credited to the account instantly; the commission is up to 1.5% of the transfer amount, the press service of the bank reported

    Armenian central bank explains why it raised key rate by 0.5 p.p.

    Wednesday, August 18th, 2021

    Armenia’s Central Bank said the August 3 decision to raise the refinancing rate by 0.5 percentage points, not by 0.25 percentage points as suggested by some members of the Executive Board and setting it at 7% was backed by the overwhelming majority of the Board

    Standard & Poor’s to assign Armenia first sovereign rating in autumn

    Wednesday, August 11th, 2021

    The Standard & Poor’s credit rating agency will publish the first sovereign ratings of Armenia from September 25 to October 10, 2021, the Central Bank of Armenia told ARKA news agency

    VTB Bank (Armenia) clients can use Upay’s 42 branches to complete transactions

    Tuesday, August 10th, 2021

    VTB Bank (Armenia) said today it keeps on expanding the range of its services, developing innovative solutions to ensure the most comfortable customer service

    YSU with financial support of IDBank announces Scholarship Competition after Gevorg Arshakyan

    Monday, August 9th, 2021

    In memory of the hero of the 44-day Artsakh war, Chevalier of the Order of the Battle Cross of the 1st degree, the best student of Yerevan State University (YSU) Gevorg Arshakyan, Yerevan State University with the financial support of IDBank announces a competition for the assignment of scholarships after Gevorg Arshakyan

    Some 6,925,000 AMD to Insurance Foundation for Servicemen: the next beneficiary of the “Power of One Dram" is the Vahe Meliksetyan Fund

    Monday, August 9th, 2021

    IDBank and Idram summed up the results of another program of the “Power of One Dram” initiative: the entire amount collected during June and July, AMD 6.925.000 was transferred to the Military Insurance Fund, IDBank said in a press release.

    Money transfers to Armenia in first five months of 2021 grow by 37% to $748 million

    Thursday, August 5th, 2021

    Money transfers, remitted to Armenia from abroad in the first five months of 2021 through the banks increased by about $202 million or 37% from the same time span in 2020 amounting to $748 million, according to the Union of Banks of Armenia

    Payments cards used in Armenia to make 31,532,464 transactions in first half of 2021

    Thursday, August 5th, 2021

    In the first half of 2021, the payment cards issued by Armenian banks were used to make 31,532,464 transactions, which was by 10,772,048 or 51.9% more than in the first half of 2020, the Union of Banks of Armenia said