All news related to bank

HSBC bank offers financing for purchase of new equipment

20.09.2017 09:49

HSBC bank offers financing for purchase of new equipment

YEREVAN, September 19. /ARKA/. HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%. It said in a press release that beginning from September 2017 it has been providing financing to local businesses for the acquisition of new equipment at an interest rate of 4 percent that corresponds to international standards.

The press release says that introduction of new equipment allows local companies to strengthen their positions in the international market and be competitive in line with changing conditions. It explained that the trade financing is provided for the installment of medical, hothouse, construction, agricultural, production and other equipment.

HSBC Bank Armenia cjsc was established as a closed joint stock company under the name Midland Armenia Bank J.S.C. in 1996 and was renamed HSBC Bank Armenia cjsc in 1999. The bank is a joint venture between the HSBC Group, which has 70 per cent ownership, and members of overseas Armenian businesses with 30 per cent ownership. HSBC Armenia serves around 30,000 customers through nine offices located in Yerevan and around 420 employees. The bank has assets of AMD 215 billion as of 30 June 2017.

Views: 394

Categories: Uncategorized | Comments Off on HSBC bank offers financing for purchase of new equipment

Tags:

Read more
World Bank funded $2.3 billion worth projects in Armenia over 25 years

11.09.2017 20:55

World Bank funded $2.3 billion worth projects in Armenia over 25 years

Ninety-five projects have been implemented in Armenia over the last 25 years with the assistance of the World Bank, worth $2.3 billion. Today, the bank’s credit portfolio in Armenia is $620 million, according to a statement placed on the official website of the Armenian government

Views: 2712

Categories: Uncategorized | Comments Off on World Bank funded $2.3 billion worth projects in Armenia over 25 years

Tags:

Read more
Armenian banks bought $69.2 million last week

11.09.2017 20:44

Armenian banks bought $69.2 million last week

Armenian commercial banks bought a total of $69.2 million from the local intra-bank foreign currency market from September 4 to September 8 at the weighted average exchange rate of 477.51 drams for $1, the press service of the Central Bank reported

Views: 2672

Categories: Uncategorized | Comments Off on Armenian banks bought $69.2 million last week

Tags:

Read more
Modernization of ATMs for new banknotes to take no much money – Armenian central bank

25.07.2017 16:22

Modernization of ATMs for new banknotes to take no much money – Armenian central bank

Modernization of ATMs of Armenia’s commercial banks will need no considerable financial resources when new banknotes appear, David Nahapetyan, Secretary General of the Central Bank of Armenia, said in an interview with Novosti-Armenia

Views: 2895

Categories: Uncategorized | Comments Off on Modernization of ATMs for new banknotes to take no much money – Armenian central bank

Tags: , , ,

Read more
Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

18.07.2017 18:00

Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

Armenian business people prefer bank deposits to investment in the real economy, Artak Manukyan, an economist, told reporters on Monday

Views: 3833

Categories: Uncategorized | Comments Off on Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

Tags: ,

Read more
ACBA-CREDIT AGRICOLE BANK shares its experience at Caucasus SME Banking Club 2017 conference

19.06.2017 21:55

ACBA-CREDIT AGRICOLE BANK shares its experience at Caucasus SME Banking Club 2017 conference

Participating in the Caucasus SME Banking Club Conference 2017 in Tbilisi, Georgia, on May 24-25, the Yerevan-based ACBA-CREDIT AGRICOLE BANK

Views: 1630

Categories: Uncategorized | Comments Off on ACBA-CREDIT AGRICOLE BANK shares its experience at Caucasus SME Banking Club 2017 conference

Tags: ,

Read more
Armenian bank deposits reach 2.4 trillion drams

03.02.2017 18:59

Armenian bank deposits reach 2.4 trillion drams

In late December 2016 total deposits in Armenian commercial banks amounted to 2.413 billion drams, by 23.7% or 462.2 billion drams more than in late December 2015, according to the Central Bank of Armenia

Views: 1451

Categories: Uncategorized | Comments Off on Armenian bank deposits reach 2.4 trillion drams

Tags:

Read more
Over $74.7 million bought by Armenian banks last week

19.09.2016 21:08

Over $74.7 million bought by Armenian banks last week

Armenia’s commercial banks bought more than $74.7 million from the local foreign currency market on September 12 to 16 at the average weighted exchange rate of 473.24 drams per one USD, the Central Bank of Armenia reported on Monday

Views: 1915

Categories: Uncategorized | Comments Off on Over $74.7 million bought by Armenian banks last week

Tags:

Read more
Armenian banks bought $67 million at local forex market on September 5-9

13.09.2016 18:18

Armenian banks bought $67 million at local forex market on September 5-9

Armenian commercial banks bought a total of $67 million at the local forex market on September 5-9 at the weighted average exchange rate of 473.78 drams per $1, the Central Bank said today

Views: 1981

Categories: Exchange market, Exchange market | Comments Off on Armenian banks bought $67 million at local forex market on September 5-9

Tags:

Read more
Non-performing loans in Armenian banks decrease by 0.4 percentage points in 2016 May

12.07.2016 16:03

Non-performing loans in Armenian banks decrease by 0.4 percentage points in 2016 May

The share of non-performing loans in commercial banks of Armenia decreased by 0.4 percentage points in 2016 May from the previous month to 9.8%, the Central Bank said

Views: 1977

Categories: Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, General news, General news, General news, General news, General news, General news, General news, General news, General news, General news, News, News, News, News, News, News, News, News, News, News, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour | Comments Off on Non-performing loans in Armenian banks decrease by 0.4 percentage points in 2016 May

Tags: , , , , , , , , ,

Read more