Armenian Inecobank, Money Gram Launch Joint Campaign

YEREVAN, September 6. /ARKA/. Armenian Inecobank and Money Gram international payment system have launched a joint campaign, the bank’s press office reported on Monday.

A special card with a protective layer will be given to those clients transferring $200 to 999 or €200 or 999 between September 1 and December 31, 2010 in any branch of the bank through Money Gram system.

An instant bonus of AMD 3,000 can be won immediately upon removal of the protective layer from a special card.

Those clients transferring more than AMD 1 million will get two cards.

An extra card is intended for every additional $500 or €500.

Winners of instant bonus as well as those who don’t win it can take part in monthly drawings.

Winners of the monthly drawings can win AMD 200,000.
Inecobank cjsc was registered on February 7, 1996.

Inecobank was the first bank in Armenia to start serving trade in instalment.

Avetis Baloyan, with his 37.1% of Inecobank’s shares, Karen Safaryan with 33.2%, DEG (Deutsche Investititions-und Entwicklunsgesellschaft mbH), a member of KfW Group, with 13.5% of shares and IFC with 10% are among the bank’s shareholders.

Inecobank cooperates with European Bank for Reconstruction and Development, USAID, KfW, Black Sea Trade and Development Bank and other organizations.

The bank had ten branches by June 30. ($1= AMD 364.48)..-0–

spot_img

POPULAR

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

A 5 MW solar power plant was built in the village of Lanjar with the assistance of Acba Leasing

Lanjar Energy's 5 MW solar power plant with a capacity of 9 million kWh is located in the village of Lanjar in the Ararat region.

LATEST NEWS

spot_imgspot_imgspot_img