ArmInfo.Armenian banks' net profit totaled AMD 263bln ($668mln) last year - a 3-fold growth in 2022 due to an unprecedented 4-fold increase in noninterest incomes. 

ArmInfo.

ArmInfo.

ArmInfo.On December 6, a solemn opening ceremony of the new largest solar stations in Armenia, equipped with artificial intelligence, was held in Aragatsotn. This project is implemented by “Helios Energy” and “Bari Arev” companies, which are part  of the “Optimum Group” group of companies, with the financing of Ardshinbank.

ArmInfo.Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Stable from Negative. Fitch has also affirmed the bank’s Viability Rating at 'b+'.

ArmInfo.

ArmInfo.Ardshinbank has extended the campaign for the issuance of Visa Digital payment cards until December 17. Until this date, residents of the Republic of Armenia can order a digital card through the Ardshinbank mobile application for only AMD 1. Note that digital cards are issued online and can be ordered through the mobile application without visiting the bank.

ArmInfo.From December 1 to December 30, Ardshinbank is holding a campaign for clients using fast money transfer systems. As part of the campaign, bank will pay a bonus of AMD 10000 right on the spot to every 300th client who sends or receives a transfer through any of the fast money transfer systems.

ArmInfo.

ArmInfo.Today Ardshinbank made available to its customers one more innovative payment solution – Google Pay. Now, cardholders of the bank are able to make contactless payments quickly, easily and safely with Android phones and Wear OS watches at shopping points in more than 45 countries, as well as in online stores that accept Google Pay payments.

ArmInfo. This January-September, the volume of plastic card transactions showed a 33.1% growth, up to AMD 3,020bln, against a 21.6% growth last January-September (including transactions effected abroad by means of Armenian issuing banks'  cards).

ArmInfo.Ardshinbank and Mastercard announce a new campaign and offer to make non-cash payments in one of the simplest, fastest ways – through Apple Pay, and get cashback.

ArmInfo.On 26 October, S&P Global Ratings assigned its 'B+/B' long- and short-term issuer credit ratings to Ardshinbank CJSC with Stable Outlook.  The rating is on the level of the Sovereign of Armenia.

ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.  According to the data, the total net profits of the banks showed a  2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the  current exchange rate. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. ACBA Bank is the fourth bank to officially join the government-sponsored 10% cashback programme for pensioners and reliefers, Armenia's Minister of Labor  and Social Affairs Narek Mkrtchyan said a Cabinet meeting on  Thursday. 

ArmInfo.According to the Asian Banking & Finance Wholesale and Retail Banking Awards 2022 annually held by Asian Banking & Finance, an international business publication, Ardshinbank was recognized as the Best Retail Bank of the Year in Armenia for the third consecutive time.