FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars

 Wednesday, May 15 2024 15:35:04
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars

ArmInfo.During the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), Ardshinbank CJSC and the Dutch entrepreneurial development bank FMO signed a Guarantee Agreement for a credit portfolio worth 20 million US dollars with a term of 7 years.

Armenia`s president meets with businessmen of Eastern Committee of  German Economy
 Wednesday, June 21 2023 11:35

ArmInfo.President of the Republic of Armenia Vahagn Khachaturyan met with the businessmen of  the Eastern Committee of the German Economy at the Embassy of the Republic of Armenia in Berlin, the RA presidential office reports. 

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Ardshinbank offers favorable service options to individuals
 Monday, June 19 2023 16:05

ArmInfo.Ardshinbank has introduced two service packages tailored for individuals who value personalized banking services. These packages offer favorable terms and a range of benefits to enhance the banking experience for individual clients.

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"The Power of One Dram" initiative turns 3: more than AMD 128 million to more than 20 funds
 Wednesday, June 14 2023 18:02

ArmInfo.The initiative of Idram and IDBank "The Power of One Dram" is already 3 years old. During this period, the companies have collected more than AMD 128 million to more than 20 funds and contributed to the implementation of strategically important projects. According to Mher Abrahamyan, Chairman of the Board of IDBank, “The Power of One Dram” initiative during this period proved to be a successful program of corporate social responsibility.

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Ardshinbank will give a trip to Tunisia to the winner of the Mastercard promotion.
 Wednesday, June 14 2023 15:29

ArmInfo.From 8th June  to 8th August, Ardshinbank holds a giveaway for a trip to Tunisia and many other gifts for Mastercard cardholders of the Bank.

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AraratBank receives 2 awards at the annual AMX AWARD 2023
 Tuesday, June 13 2023 19:01

ArmInfo.Armenia Securities Exchange and Central Depository of Armenia wrapped up the results of the annual AMX AWARD 2023 ceremony and declared the most active and prominent exchange members, market participants and issuers. 

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CBA reduces refinancing rate down to 10.5% 
 Tuesday, June 13 2023 15:37

ArmInfo.On June 13, Armenia's Central Bank (CBA) decided to reduce the refinancing rate by 0.25  percentage point - from 10.75% ?? 10.5% - after a 2-year-long upward trend, with a maximum historical level recorded late in 2022. 

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IMF provides Armenia with access to about US $24.5mln, forecasts 5.5%  GDP growth 
 Tuesday, June 13 2023 15:31

ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

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Ardshinbank`s "Simple" Loans: Fueling Growth for Armenian SMEs
 Monday, June 12 2023 14:35

ArmInfo.Ardshinbank offer long-term lending opportunities on more favorable terms to resident SMEs, including those engaged in agriculture.

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CBA`s monetary policy reaches "important critical point" - CBA  chairman 
 Monday, June 12 2023 14:08

ArmInfo. The monetary policy of Armenia's Central Bank (CBA) has reached "a important critical point," CBA Chairman Martyn Galstyan stated at a meeting of the Standing Committee on  Financial-Credit and Budgetary Affairs, Parliament of Armenia, as he  spoke of the inflationary trends in Armenia. 

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AMX to start cross-listing with Warsaw Stock Exchange 
 Monday, June 12 2023 14:06

ArmInfo. The Armenia Securities Exchange (AMX) will start cross-listing with the Warsaw Stock  Exchange, AMX Director General Hayk Yeganyan stated at the awards ceremony for the most active securities market participants.

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IMF Caucasus, Central Asia, and Mongolia Regional Capacity  Development Centre opened in Kazakhstan on June 9
 Friday, June 9 2023 20:58

ArmInfo.The Capacity Development Centre of the International Monetary Fund (IMF) for the  countries of the Caucasus, Central Asia and Mongolia was opened in Kazakhstan. Chairman of the Kazakh National Bank Galymzhan Pirmatov and the IMF delegation led by IMF Managing Director Kristalina  Georgieva attended the solemn opening ceremony of the Centre on June 9 in Almaty. This is stated in the message of the National Bank of the Republic of Kazakhstan.

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Initial public offering of Team Telecom Armenia started
 Wednesday, June 7 2023 19:12

ArmInfo. One of the leading telecommunications companies in Armenia, Team Telecom Armenia, today  launched the its initial public offering, providing an opportunity for everyone to take part in the development of a technology company with 100% Armenian capital and share the success (https://www.telecomarmenia.am/en/ipo).

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WB improves its Armenia`s GDP growth forecast for 2023 from 4.1% to  4.4% and expects acceleration in 2024-2025
 Wednesday, June 7 2023 19:05

ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

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Kommersant: Armenia and Kazakhstan began to block payment for  supply  of electronics to Russia
 Wednesday, June 7 2023 15:46

ArmInfo.Banks in a number of countries, due to the risk of sanctions, began to block payments for the supply of  electronics for legal entities from Russia. Suppliers are trying to import electronics under other commodity codes and are looking for other payment methods. The Kommersant newspaper writes.

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To attract investors to industrial sector  of Armenia, it is necessary to show that country has sufficient  capacities, only  large-capacity unit can cope with this task
 Tuesday, June 6 2023 20:28

ArmInfo. After the final decommissioning of the second power unit of the operating nuclear  power plant (NPP) in Metsamor, Armenia will not be able to provide  domestic electricity consumption without commissioning additional  generating capacities.

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Konstantin Tserazov: “The Russian stock market has enough reasons for optimism”
 Sunday, August 4 2013 11:19

ArmInfo.July 2013 turned out to be very nervous - the debt problems of the Eurozone and the United States created instability and uncertainty in the stock markets. Nevertheless, even against this background, the Russian market managed to look better than others. Konstantin Tserazov, economist, former Deputy Head of Global Markets at Troika Dialog, told what events affected the markets in July and what awaits domestic sites in August.

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By end of 2023, Armenia to register 2nd largest economic growth and  lowest inflation rate among EAEU countries. But risks still remain -  EDB
 Friday, June 2 2023 13:38

ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the  EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the  Macroeconomic Outlook of 6 EAEU member countries published today.

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Money transfers actively flowing to Armenia from Russia are no less  actively flowing  to U.S.
 Thursday, June 1 2023 14:46

ArmInfo.Money transfers of individuals through banks in Armenia show a significant increase in  inflows from Russia and outflows to the US in January-April 2023. At the same time, the inflow of transfers from the United States began to decline, while the outflow of remittances to Russia shows a moderate increase.

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Converse Bank to present Converse Leasing product at Leasing Expo  2023 exhibition 
 Thursday, June 1 2023 12:19

ArmInfo. Armenia's Converse Bank will present its financial product Converse Leasing at the Leasing Expo 2023  exhibition in Yerevan, June 2 to 4. 

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IDBank`s Visa Business Platinum card now with more profitable terms
 Wednesday, May 31 2023 22:24

ArmInfo.From May 30 to December 30, get IDBank's Visa Business Platinum payment card with a monthly service fee of AMD 3,000 or AMD 30,000 per year. This means that the premium class business card introduced for the first time in Armenia by IDBank can now serve your business on more profitable terms.

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News
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
EBRD to provide Armenia with EUR 9.3 million to support green  technologiesEBRD to provide Armenia with EUR 9.3 million to support green  technologies
WB recommends Armenia to develop investment strategy; revise  20-year-old sectoral lawWB recommends Armenia to develop investment strategy; revise  20-year-old sectoral law
In Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-yIn Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-y
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia 
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
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