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    March 2022
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  • Archive for March, 2022

    Ria Money Transfer recognizes AraratBank Partner of the Year in Armenia

    Thursday, March 31st, 2022

    For the third year running, AraratBank has been awarded Partner of the Year 2021 in Armenia by Ria Money Transfer

    VTB Bank (Armenia) sells part of its retail consumer loans worth 24 billion drams to Ardshinbank

    Wednesday, March 30th, 2022

    As part of digital transformation and streamlining of processes, VTB Bank (Armenia) entered into an agreement to sell about 11% of its retail loan portfolio to Ardshinbank CJSCб the press service of the bank said today. It said  the deals amounts to 24 billion drams

    Central banks of Armenia and UAE agree to expand cooperation

    Wednesday, March 30th, 2022

    The Chairman of the Central Bank of Armenia Martin Galstyan held a meeting with the UAE Central Bank Governor Abdul Hamid Mohammed Sayed on Wednesday as part of his visit to the United Arab Emirates, the press service of the Armenian regulator reported

    EDB to allocate a $5 million loan to ArmSwissBank to support trade finance in Armenia

    Monday, March 28th, 2022

    On the 24th of March 2022, a new loan agreement with ARMSWISSBANK CJSC and the Eurasian Development Bank (EDB) was signed to promote trade financing in the amount of USD 5 million

    Armenian-German Foundation and National Mortgage Company implementing My Roof housing program

    Thursday, March 24th, 2022

    The Armenian-German Foundation and Armenia’s National Mortgage Company (NMC) are implementing My Roof housing financing program, the Central Bank reported

    Russian tour operators prepare tours to Armenia for Visa and MasterCard cards

    Thursday, March 24th, 2022

    The Association of Tour Operators of Russia (ATOR) says the list of counties where Russians began flying to for obtaining Visa and MasterCard cards (Visa, MasterCard and other Western payment systems have suspended all operations in Russia in protest at its invasion of Ukraine) now includes Armenia, Kazakhstan and some other countries

    Unibank unveils new mortgage loan designed for buyers of apartments in Diamond Hills complex

    Wednesday, March 23rd, 2022

    Unibank has announced today a special mortgage loan designed for those who want to buy an apartment in Yerevan’s Diamond Hills premium-class housing complex

    Armenia and Russia negotiating export settlements in Armenian drams

    Wednesday, March 23rd, 2022

    Armenia’s Ministry of Economy and Central Bank are negotiating now with Russian partners  payments in Armenian drams for Armenian exports  to Russia, Armenian Economy Minister Vahan Kerobyan said in parliament today

    Regional instability may affect profitability of future Armenian Eurobonds

    Monday, March 21st, 2022

    Regional instability may affect the profitability of future Armenian Eurobonds, the head of the Central Bank Martin Galstyan told at a meeting of the parliamentary commitee on fiscal policy today

    Fitch ratings: Russian presence in Armenian banking sector poses moderate risk

    Monday, March 21st, 2022

    Russian presence in the Armenian banking sector poses a moderate risk, Fitch ratings said in a press release