Banks @en

Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

09.04.2020 13:00

Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

Armenian banks have provided individuals and legal entities with “vacations” on loans totaling over 24.7 billion drams, Prime Minister Nikol Pashinyan said at a government meeting on Thursday

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Amundi-ACBA Asset Management releases 30,0000 euros to pay tuition fees of students of French University of Armenia

08.04.2020 19:28

Amundi-ACBA Asset Management releases 30,0000 euros to pay tuition fees of students of  French University of Armenia

Amundi-ACBA Asset Management will provide assistance to the students of the French University of Armenia, the press service of ACBA-CREDIT AGRICOLE BANK reported today

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Fitch ratings: Armenian banking sector fundamentals will weaken as a result of coronavirus shock

04.04.2020 21:51

Fitch ratings: Armenian banking sector fundamentals will weaken as a result of coronavirus shock

Armenian banking sector fundamentals will weaken as a result of the coronavirus shock, captured by the negative banking sector outlook for 2020, Fitch Ratings said in a report after revising the outlook on Armenia’s Long-Term Issuer Default Ratings (IDR) to negative from stable and affirmed the IDRs at ‘BB-‘.

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Armenia’s ruling party nominates its candidate for central bank chairmanship

31.03.2020 13:51

Armenia’s ruling party nominates its candidate for central bank chairmanship

My Step faction at the Armenian National Assembly nominated yesterday Martin Galstyan to the post of the head of the Central Bank of Armenia, Haykakan Zhamanak daily reported Monday night referring to Artak Manukyan, deputy chairman of the parliamentary committee for financial and budgetary issues

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Armenian deputy prime minister commens on the need to switch to cashless payments as part of the fight against coronavirus

30.03.2020 17:15

Armenian deputy prime minister commens on the need to switch to cashless payments as part of the fight against coronavirus

Speaking at a news conference today, Armenian Deputy Prime Minister Mher Grigoryan commented on the need to reduce cash flow in the country and switch to cashless payments as part of the fight against the spread of coronavirus

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Armenian banks have revised 200 billion drams worth loans

27.03.2020 19:34

Armenian banks have revised 200 billion drams worth loans

From March 20 to this day, Armenian banks have revised lending terms for 96,838 individuals and 3,395 legal entities, Armenian Prime Minister Nikol Pashinyan said

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Fitch ratings: Russian and CIS banks pressured by coronavirus and oil price slump

26.03.2020 19:05

Fitch ratings: Russian and CIS banks pressured by coronavirus and oil price slump

The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region – Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable

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Ardshinbank and the Black Sea Trade and Development Bank have signed a USD 20 million loan agreement

26.03.2020 18:57

Ardshinbank and the Black Sea Trade and Development Bank have signed a USD 20 million loan agreement

Ardshinbank has received the fifth facility from the Black Sea Trade and Development Bank (BSTDB) in the amount of USD 20 million to support small and medium-sized enterprises (SMEs) in Armenia

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Armenian central bank condemns attempts of public pressure on financial institutions

25.03.2020 12:19

Armenian central bank condemns attempts of public pressure on financial institutions

The Central Bank of Armenia condemns the attempts of public pressure on financial institutions by various people, the press service of the regulator reports

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Armenia's central bank ceases accepting applications and messages in paper format

20.03.2020 19:03

Armenia's central bank ceases accepting applications and messages in paper format

Citing the situation caused by the outbreak of coronavirus, Armenia’s Central Bank said it ceases accepting applications and messages in paper format (hard copies) starting March 23

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