Ameriabank (the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (“EBRD”) retaining their 10% shareholding in Ameriabank, Ameriabank said today in a press release
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Archive for February, 2024
Ameriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entity
Monday, February 19th, 2024Remittance inflow to Armenia to drop by 15% in 2024 - economist
Monday, February 19th, 2024Remittance inflow to Armenia in 2024 is very likely to drop by about 15% from 2023, while the remittance outflow will continue to grow, economist Aghasi Tavadyan believes
Remittance outflows from Armenia up 55% to $4 billion in 2023- EDB
Friday, February 16th, 2024Remittance outflows from Armenia soared by 55% in 2023 to $4 billion in 2023, leading to a 36% YoY decline in net cross-border remittances, the Eurasian Development Bank says in a macroeconomic review for February 2024
EDB expects refinancing rate in Armenia to drop to 8% in the first half of the year
Friday, February 16th, 2024The Eurasian Development Bank (EDB) expects the Central Bank of Armenia to cut the refinancing rate again in the first half of this year
Armenian Card ceases operations in arca.am application
Friday, February 16th, 2024Armenian Card (ArCa) national payment system and processing center said it will cease operations in the arca.am app from April 15, 2024
Bank of Georgia in talks over potential acquisition of Ameriabank
Thursday, February 15th, 2024Bank of Georgia confirmed on Thursday that it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank
Armenian government approves receipt of 2.72 million euros in loan tranche from EBRD
Thursday, February 15th, 2024The Armenian government has amended today the loan agreement with the European Bank for Reconstruction and Development. The loan was attracted to develop road infrastructure in the second-largest city of Gyumri
First issue of bonds by Electrical Networks of Armenia placed ahead of schedule, - CEO
Wednesday, February 14th, 2024The first issue of bonds by the Electrical Netwroks of Armenia (ENA) national power distribution company to the tune of AMD 32 billion has been placed ahead of schedule, the company’s CEO Karen Harutyunyan said
Central Bank of Armenia comments on acquisition of HSBC Bank Armenia by Ardshinbank
Tuesday, February 13th, 2024The Central Bank of Armenia has not yet received an official application and has not given its preliminary consent to the acquisition of HSBC Bank Armenia by Ardshinbank, the regulator said in response to ARKA news agency’s inquiry
VTB (Armenia) supports publication of a book on business management
Monday, February 12th, 2024VTB (Armenia) in partnership with Newmag publishing house supported the publication of Gor Karapetyan’s book “Proactive Leader”
