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ArmInfo. Moody's, the global credit rating agency, has upgraded the Ardshinbank's Baseline Credit Assessment (BCA) to ba3 from b1 and affirmed its long-term deposit ratings at Ba3. Additionally, the outlook on the Ba3 long-term deposit has been changed from negative to stable.

ArmInfo.Ardshinbank's Private Banking has achieved the distinguished recognition of being named the Best in Armenia for 2023 by the esteemed financial publication, Global Banking & Finance Review.

ArmInfo.The growing demand for digital services by tens of thousands of resettlers has seriously motivated the banking market of Armenia to activate the digital transformation of business models, accelerating the technological development of the card segment towards the introduction of the latest payment instruments.  This is stated in the latest (#27) analytical bulletin of ArmInfo "Armenian banks in the card business" published recently.

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

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

ArmInfo. Attaching importance to providing the general public with objective, reliable and fact-based  information in the financial and banking sector, the Union of Banks of Armenia for the fourth year in a row holds a competition to determine the best publications to encourage academics, experts, journalists to cover relevant topics in the financial and banking sector in their activities.

ArmInfo.The press service of Ardshinbank issued an official statement to customers, in which they warned about the increasing facts of fraud with fake bank pages on the Internet. The statement, in particular, says:

ArmInfo. The banking sector of  Armenia in Q1 2023 increased tax payments to the state treasury by  58% per annum - up to 20.5 billion drams ($52.7 million). Of this  amount, 85.7% or 17.6 billion drams was paid in direct taxes, with a  y-o-y increase of 62%. This is evidenced by the data of the State  Revenue Committee of the Republic of Armenia on the list of 1000  large taxpayers of the country, according to which, 9 banks were  included in the first hundred of the list (as in the previous year).

ArmInfo.Continuously improving service conditions and expanding the range of services, Ardshinbank presents its customers with a new digital payment option - digiPOS digital payment terminal. It is an application thanks to which devices working with Android operating system and NFC system (smartphone, tablet, etc.) become a POS payment terminal.

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ArmInfo. Russian resettlers, whose number in Armenia, according to various sources, is estimated from 80 to 100 thousand people, not only contributed to high "statistical" economic growth and low "estimated" inflation in the country, but also made it possible to significantly strengthen the resources of the Armenian banking system.  However, Armenia, having benefited from both people and capital, has appeared under the powerful sanctions lens of the Western countries, which is seriously concerned about the possibility of circumvention of anti-Russian sanctions by countries friendly or neutral to Russia. Armenian banks were immediately warned that they must strictly follow the international regulations against the legalization of proceeds from crime (money laundering) and put up serious barriers to clients' attempts to circumvent anti-Russian sanctions in the course of trading activities.  By and large, by March last year, Armenian banks were not ready for such a turn, and therefore they began to actively implement the so-called compliance control and its tough “barrier” tools.

ArmInfo. In Armenia, the total volume of plastic transactions accelerated y-o-y growth from 26.3% in  2021 to 34.7% in 2022, exceeding 4.4 trillion drams or $11.3 billion (including transactions abroad with cards of Armenian issuing banks).  This is evidenced by the data of the Central Bank of the Republic of Armenia, according to which the volume of transactions carried out  abroad with the cards of the issuing banks of Armenia increased 2.1-fold on a y-o-y terms up to 456.5 billion drams or 1.2 billion  dollars (10.3% of the total plastic transactions).

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ArmInfo.Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Positive from Stable.

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