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  • Archive for March, 2022

    Fitch Affirms Armenia at 'B+'; Outlook Stable

    Monday, March 21st, 2022

    Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

    Armenian economy ministry against raising refinancing rate

    Friday, March 18th, 2022

    “We are against use of any instrument that restrains the growth of the economy. But we can understand why the Central Bank is doing it and doing it now,’ Armenian Economy Minister Vahan Kerobyan said in an interview with CivilNet in a comment on the decision of the Central Bank  to raise March 15 the refinancing rate by 1.25 p.p. to 9.25%

    Flight: remittances at the speed of light through all messengers

    Thursday, March 17th, 2022

    The technologically advanced brand-new application AraratMobile offers a new money transfer tool – Flight – which enables making money transfers from AMD 1000 to AMD 1,000,000 or the equivalent in foreign currency through WhatsApp, Viber, Messenger, SMS, Mail, Skype, Telegram and other messengers to AraratBank as well as ArCa-member bank cards

    VTB Bank (Armenia) finances Mak Fish Company

    Thursday, March 17th, 2022

    VTB Bank (Armenia) said today it has opened a credit line to the tune of 130 million drams for a period of three years to Mac Fish LLC, one of the largest fish-breeding enterprises in Armenia

    Unibank is the leader in terms of POS loans

    Thursday, March 17th, 2022

    In the 4th quarter of 2021, Unibank became the leading bank in Armenia both in terms of the number of POS loans issued and their volume

    Armenian Ministry of Finance and ADB discussed cooperation programs

    Wednesday, March 16th, 2022

    Armenian Finance Minister Tigran Khachatryan received on Wednesday the Executive Director of the Asian Development Bank (ADB) Arif Baharudin

    Armenian law-enforcers accuse FINIKO of running pyramid scheme

    Wednesday, March 16th, 2022

    Armenia’s Investigative Committee said today the investigation into a pyramid scheme run by FINIKO company, which is accused also of making manipulations with cryptocurrency is underway to identify all persons affected by the criminal activity of the company

    Central Bank chairman: our mission today is to maintain integrity of Armenia's financial system

    Tuesday, March 15th, 2022

    Armenia’s Central Bank is monitoring the sanctions placed by the West on Russia, the chairman of the Central Bank Martin Galstyan told the ARKA news agency when asked about whether the Central Bank was under pressure from international structures or government for not supporting these sanctions

    Armenian central bank raises key rate to 9.25 percent

    Tuesday, March 15th, 2022

    Armenian Central Bank’s Board has raised today the refinancing rate by 1.25 percentage points, setting it at 9.25%

    VTB Bank (Armenia) working to restore proper and complete service to its cardholders in Armenia

    Monday, March 14th, 2022

    VTB Bank (Armenia), the Armenian subsidiary of Russian state-controlled VTB Bank, said today it operates in a normal mode