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Monthly Archives: July, 2020

PayPal stops money transfer services between russian users

PayPal worldwide online payments system said starting from August 1 it stops offering payment and money transfer services between Russian users and will focus on cross-border trade instead as part of a changed business model in Russia, banki.ru reported

Unibank offers new functions in UniMobile application

Unibank has updated its UniMobile app thus making remote service more convenient for the clients. New functions have been added to UniMobile: users can now register online by themselves, make from-card-to-card transfers and pay loans of other banks, the press service of the bank reports

Arka news agency releases ranking of Armenian banks’ profitability in first half of 2020

ARKA news agency has released the latest ranking of the commercial banks in Armenia by size of their net profit, based on their performance in the first half of 2020

Global economy impact on pension funds – Amundi-ACBA Asset Management Deputy Director

Deputy Director, Fund Manager of Amundi-ACBA Asset Management CJSC Hrayr Aslanyan has assessed the impact of the coronavirus pandemic on the world economy and Armenia's behavior in these conditions

Armenian central bank chairman explains decision to keep refinancing rate unchanged

Chairman of the Central Bank of Armenia Martin Galstyan explained Tuesday the decision of the Central Bank Board to keep the refinancing rate unchanged, at 4.5%

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Armenian central bank leaves refinancing rate unchanged, at 4.5%

The Board of the Central Bank of Armenia decided Tuesday to leave the refinancing rate unchanged, at 4.5%, the press service of the regulator reported

Net profit of Armenia’s banking sector amounts to AMD 40.6 billion in 1st H 2020

The net profit of the banking sector of Armenia in the first half of 2020 amounted to 40.6 billion drams, after increasing by 5.9% compared to the corresponding period of the previous year, according to the data of Armenian banks’ reports, published in accordance with international IFRS standards

ACBA Leasing offers individuals and economic entities financial services for effective development of their businesses (VIDEO)

ACBA Leasing offers individuals and economic entities flexible financial services that make it possible to effectively develop their businesses using a number of tools

New achievement of Amundi-ACBA Asset Management

The aggregate funds of three accumulative pension funds managed by Amundi-ACBA Asset Management reached about AMD 154 billion as of July 1, 2020

Businesses plan major operational changes as they prioritise resilience: HSBC Navigator

Companies around the world are making significant operational changes to become more resilient after many found their contingency plans weren’t robust enough to cope with the COVID-19 pandemic, the press office of the bank reports

EDB Deputy Chairman to run newly established Directorate for Digital Initiatives

The Eurasian Development Bank (EDB) has established a Directorate for Digital Initiatives, whose work is supervised by Tigran Sargsyan, Deputy Chairman of the EDB Management Board