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Ardshinbank closely eyeing potential bank mergers

31.10.2017 17:14

Ardshinbank closely eyeing potential bank mergers

YEREVAN, October 31. /ARKA/. Ardshinbank is closely eyeing all potential mergers of banks in Armenia, Ardshinbank Board Chairman Mher Grigoryan said in an exclusive interview to ARKA news agency.

On October 7, 2016, ‘Region’ financial and industrial corporation acquired all 100% shares of Areximbank-Gazprombank Group. The only shareholder of Region is Karen Safaryan, a Russia-based Armenian businessmen, who is president of Ardshinbank Council.

According to Mher Grigoryan, Ardshinbank has a huge experience in conducting such operations effectively, and in this sense it is ahead of potential buyers.

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Armenian central bank’s interventions amount to $100 million

31.10.2017 11:12

Armenian central bank’s interventions amount to $100 million

Armenia’s Central Bank’s intervention in the local foreign exchange market since the beginning of the year has amounted to $100 million so far, Arthur Javadyan, chairman of the Central Bank, told journalists on Monday

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Bank branch robbed in central Yerevan

09.10.2017 15:24

Bank branch robbed in central Yerevan

The Armenian police are looking for a man who reportedly robbed a bank branch in downtown Yerevan today afternoon

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Around $73.28 million bought by Armenian banks last week

25.09.2017 17:09

Around $73.28 million bought by Armenian banks last week

Armenia’s commercial banks bought around $73.28 million from the local foreign currency market on Septemebr 19 to 23 at the average weighted exchange rate of 477.40 drams per one USD, the Central Bank of Armenia reported on Monday

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HSBC bank offers financing for purchase of new equipment

20.09.2017 09:49

HSBC bank offers financing for purchase of new equipment

HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%

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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

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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

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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

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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

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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

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