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Daily Archives: Dec 11, 2015

Annual illicit financial flows from Armenia amount to $983 million

Armenia is 70th among 149 countries in Global Financial Integrity Organization’s ‘Illicit Financial Flows from Developing Countries: 2004-2013’ reports

Fitch: negative outlook for Armenian banks in 2016

Fitch Ratings downgraded its outlook for Armenian banks in 2016 to negative

Unibank is first bank in Armenia to carry out stock IPO at NASDAQ OMX Armenia

Unibank is planning ordinary stock IPO at NASDAQ OMX Armenia stock exchange, the bank’s press office reports

World Bank to lend $50 million to Armenia for enhancement of its competitiveness and sustainability

The World Bank Board of Executive Directors approved today a US$50 million loan for the Third Development Policy Financing (DPF-3) for Armenia to support a wide range of reforms promoting fiscal, social and environmental sustainability and strengthening competitiveness, the press office of the World Bank reports

VTB Bank (Armenia) providing new service via BEST payment system

VTB Bank (Armenia) jointly with Best payment system has launched a new money transfer service

Inecobank purchases 100% of ProCredit Bank’s shares

Inecobank has bought 100% of ProCredit Bank, a subsidiary of ProCredit Holding AG & Co. KGa A