All news related to Armenia

Unibank's profit for first quarter exceeds AMD 472 million

21.06.2018 18:01

Unibank's profit for first quarter exceeds AMD 472 million

YEREVAN, June 21. /ARKA/. In the first trimester Unibank has made a profit of more than AMD 472 million, the bank's press office reported on Thursday.

On June 20, the annual general meeting of “Unibank” OJSC shareholders took place, where the results of the bank’s work during 2017 were summed up and further plans were presented.

According to the press release, during the reporting year the bank’s assets have increased by approximately 9,5 % becoming AMD 202.7 billion, while the liabilities have exceeded the number of AMD 167,4 billion increasing by 11%.

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Some 18 billion drams set aside to subsidize agricultural loans

20.06.2018 18:27

Some 18 billion drams set aside to subsidize agricultural loans

A total of 18 billion drams have been set aside by the government for subsidizing loans provided by a set of Armenian banks to processing companies for the purchase of agricultural produces in 2018, the Agriculture Ministry said on Wednesday

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Car loans at Converse bank are advantageous

20.06.2018 18:24

Car loans at Converse bank are advantageous

Within the framework of the launched campaign, Converse Bank has significantly improved the terms of car loans, making them more advantageous

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ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

20.06.2018 16:15

ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

The Asian Development Bank’s Trade Financing Program (TFP) has supported over $116.5 million in trade through 384 transactions in Armenia since 2012, 51% of which have been small and medium-sized enterprises-related (SMEs) deals, according to a press release, placed on the bank’s website

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Armenian government and German KfW willing to expand cooperation

19.06.2018 16:16

Armenian government and German KfW willing to expand cooperation

Armenian Prime Minister Nikol Pashinyan received today a delegation headed by Olaf Zimelka, the regional director of the German Development Bank (KfW) for Central Asia and the South Caucasus

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Nikol Pashinyan discusses with VTB Bank head prospects of activity expansion in Armenia

14.06.2018 18:40

Nikol Pashinyan discusses with VTB Bank head prospects of activity expansion in Armenia

Armenian Prime Minister Nikol Pashinyan, who is now in Russia for a two-day working visit, had Thursday a breakfast with Andrey Kostin, President and Chairman of the Management Board of VTB Bank, the Armenian government’s press office reports

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Shortage of cash assets is the main reason behind high interest rates on loans, prime minister says

13.06.2018 18:11

Shortage of cash assets is the main reason behind high interest rates on loans, prime minister says

The key reason why Armenia-based banks provide loans at high interest rates is the shortage of cash assets, said Prime Minister Nikol Pashinyan in a live broadcast on his Facebook page

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ADB ready to continue implementing programs in Armenia

13.06.2018 17:40

ADB ready to continue implementing programs in Armenia

The Asian Development Bank is ready to continue implementing development programs in Armenia, Takehiko Nakao, President of the Asian Development Bank (ADB), said Tuesday as he met with Armenian President Armen Sarkissian, the Armenian president’s press office reports

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Armenian banks allowed forgiving borrowers’ debt repayment delay

12.06.2018 14:49

Armenian banks allowed forgiving borrowers’ debt repayment delay

At their extraordinary meeting held Monday, the Armenian Cabinet ministers gave their approval to amendments to the tax law, which allow banks in Armenia to forgive the fines and penalties imposed on the citizens for delay in loan repayment

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Non-commercial remittances to Armenia grew by 14.7% in 2018 April year-on-year to more than $125.4 million

11.06.2018 18:02

Non-commercial remittances to Armenia grew by 14.7% in 2018 April year-on-year to more than $125.4 million

The amount of non-commercial individual remittances sent to Armenia trough the banks in April 2018 grew by 14.7% year-on-year to more than $125.4 million

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