AraratBank has been awarded the title of Valued Partner of EBRD by the European Bank for Reconstruction and Development for lasting and effective cooperation between EBRD and AraratBank
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Archive for April, 2023
AraratBank has been awarded the title of Valued Partner of EBRD
Wednesday, April 19th, 2023Production of natural vegetable oils established in Spitak
Tuesday, April 18th, 2023White violet – a small social enterprise in Spitak – creates natural plant oils. Twelve plant extracts were obtained in the production: nettle, chamomile, rose, basil, even lilac and dandelion, but they decided to have linden, sand thorn and rosehip seed oils as the main products
Financial and insurance activities recorded highest growth rate in Armenia
Tuesday, April 18th, 2023Financial and insurance activities in 2022 grew by 46.9% year-on-year recording the highest growth rate compared to other sectors of the Armenia’s economy, according to the Armenian government’s report on the progress and results of the implementation of its plan of actions in 2022
Union of Banks of Armenia explains rise in prices for services
Monday, April 17th, 2023The Union of Banks of Armenia (UBA) blamed the rise in prices for a string of banking services on the Russian-Ukrainian conflict, which it said has brought about various restrictions
Moody's affirms Ba3 rating of Export Insurance Agency of Armenia
Monday, April 17th, 2023Moody’s Investors Service (Moody’s) affirmed last week the Ba3 foreign and local-currency insurance financial strength ratings (IFSRs) and b1 Baseline Credit Assessment (BCA) of Export Insurance Agency of Armenia ICJSC (EIAA). The outlook remains negative
Smart solution from AraratBank: electric car loans at an interest rate starting at 9%
Friday, April 14th, 2023AraratBank, in cooperation with Muran company, offers a smart solution – a loan for the purchase of an electric car starting at 12% in AMD and at 9% in USD. The annual interest rate depends on loan maturity
Armenian delegation discusses country's economic prospects amid global challenges with WB and IMF representatives
Thursday, April 13th, 2023As part of the World Bank (WB) and International Monetary Fund (IMF) 2023 spring meetings, the Armenian delegation held meetings with IMF Resident Representative in Armenia Iva Petrova
Armenian Deputy Prime Minister discussed new assistance programs with IFC representatives in Washington
Thursday, April 13th, 2023An Armenian delegation led by Deputy Prime Minister Mher Grigoryan met Wednesday with International Finance Corporation (IFC) Deputy Administrator Bo Lee in Washington, D.C., as well as with senior officials of the corporation
Inecobank has a new leader: Hayk Voskanyan appointed as an executive officer
Tuesday, April 11th, 2023“Inecobank” CJSC has a new leader. Hayk Voskanyan has assumed the position of executive officer of the bank. Mr. Voskanyan has about 20 years of work experience in the financial and banking sector. He served as a financial officer of Inecobank since 2017
Deposits in Armenian banks fell to about 5.06 trillion drams
Tuesday, April 11th, 2023Bank deposits at Armenia-based commercial banks fell to 5.06 trillion drams in late February 2023 from 5.08 trillion drams in late January, according to the National Statistical Committee
