YEREVAN, September 4. /ARKA/. The Yerevan-based Converse Bank said it has successfully completed another placement of bonds denominated in three currencies- Armenian drams, US dollars and euros.

‘The duration of bonds in all currencies is 36 months, up from previous issues which had 24 month duration,’ financial director of Converse Bank Hrant Hakobyan said in a press release.

The total volume of the issue of bond sin drams is 3 billion. The annual coupon yield is 9.5%. The total volume of the issue of US dollar bonds is $10 million with an annual coupon yield of 5.25% and the total volume of the issue of bonds in euros is 5 million euros with an annual coupon yield of 4%. Periodicity of coupon payment is every six months.

Categories: Banks @en, Bonds.am @en @en, General news, News, News of the hour, Новости | Comments Off on Converse Bank completes placement of bonds in 23 currencies

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The ACBA-CREDIT AGRICOLE BANK has launched today another, Nor Avan digitalized branch, located at 55/15, Tsarav Aghbyur Street in Yerevan

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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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Armenia’s commercial banks bought around $80 million from the local foreign currency market on June 4 to 8 at the average weighted exchange rate of 482.49 drams per one USD, the Central Bank of Armenia reported on Monday

Categories: Banks @en, Exchange market, General news, News, News of the hour | Comments Off on Around $80 million bought by Armenian banks last week

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UNISTREAM bank said today its capital stood at one billion Russian rubles as of May, 1, 2018

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The UNISTREAM Bank earned a record high profit of 224 million Russian rubles in 2017, saying its net income saw a growth of 29% when compared to the previous year amounting to 2.1 billion rubles

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The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9%

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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

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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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Tags: Armenia, bank @en, CB, DRAM, foreign exchange market, interventions

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

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Bank branch robbed in central Yerevan

Tags: bank @en, branch, Conversbank, robbery, Yerevan

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