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Monthly Archives: July, 2018

Armenia’s total public debt down by $50.2 million in one month

Armenia’s total public debt stood at $6.704.2 billion at the end of June 2018, having decreased by 0.74% or $50.2 million from the previous month, the National Statistical Committee (NSC) reported

Converse Bank reduces interest rates on several types of mortgage loans

The Yerevan-based Converse Bank said today it has revised the lending terms as part of the Affordable Housing for Youth program, as well as the terms of refinancing with the funds of the National Mortgage Company, reducing the interest rates

Araratbank cuts interest rates on mortgage loans

The Yerevan-based Araratbank has announced a 1% cut in the interest rates on mortgage loans from July 31. It said in a news release that mortgage loans in Armenian drams are provided at 10% interest rate and a repayment period of 20 years

A total of $ 23.7 billion remitted to Armenia in 2004-2017

A total of $23.7 billion were remitted to Armenia in 2004-2017 as individual money transfers through the banks, of which $18.2 billion were money transfers for non-commercial purposes, the Central Bank of Armenia said

VTB Bank (Armenia) reduces interest rates on mortgage loans

The VTB Bank (Armenia) has announced a ‘significant’ drop in the annual interest rates on mortgage loans provided in Armenian drams ‘to make mortgage loans available to a wider segment of customers

Armenia-based banks paid 27.6 billion drams in taxes and duties for first half of 2018

All 17 Armenia-based commercial banks are in the list of 1000 largest taxpayers for the first half of 2018. They paid about 27.6 billion drams in taxes and duties, up from 21.6 billion drams paid for the first half of 2017, the State Revenue Committee (SRC) said

ACBA-CREDIT AGRICOLE BANK begins servicing JCB cards

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and ACBA-CREDIT AGRICOLE BANK, one of the largest banks in Armenia

VTB Bank (Armenia) becomes winner in category “the First Proximity Cards in Armenia” at “Innovation Awards” forum

VTB Bank (Armenia) has become the winner in the category “The First Proximity Cards in Armenia” at the forum “Innovation Awards” organized by MasterCard international payment system, the press office of the bank reported on Friday

NASDAQ OMX Armenia and Central Depository launch new strategy for 2018-2020 – new trading system, crowdfunding platform and mobile application

NASDAQ OMX Armenia’s and Central Depository of Armenia’s supervisory boards have approved the high-level strategy and development plan for 2018-2020, the press office of the stock exchange reported on Wednesday

Free MoneyTo transfers to France in honor of victory at World Cup 2018

Moneyto.co.uk, congratulating French National Football Team on their victory at the World Cup, made money transfers to France free, the company said in its press release on Wednesday

Unistream starts cooperating with HayPost

Unistream has started cooperating with HayPost, national postal operator, the press office of the bank reported on Tuesday

Converse bank to support fintech startups

“Sevan Startup Summit 2018” was launched in Sevan on July 22, where Converse Bank is involved as a sponsor and a supporter in the capacity of financial service provider to the participants of the event, the bank’s press office reported on Monday