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Monthly Archives: November, 2021

Armenian central bank joins Sustainable Banking and Finance Network

. The Central Bank of Armenia said today it had joined the Sustainable Banking and Finance Network (SBFN) on November 24

Inecobank introduces BNPL, the latest trend in worldwide shopping, to Armenia

Inecobank said today it launches paylater, bringing the worldwide practice of BNPL (buy now, pay later) to Armenia – enjoy the moment, the payment can wait.

Allow yourself more: Rocket line – the leading Armenian “Buy now, pay later” payment format from Idram&IDBank digital platform

IDBank and Idram have established a new shopping culture in Armenia. Non-cash QR payments and non-cash payments in physical and online stores are commonplace for corporate customers, and Rocket line digital credit has also solved the problem of wallet content, or rather its balance.

About $72.5 million (SDR 51.429 million) would become available to Armenia after IMF Board meeting

An International Monetary Fund (IMF) team, led by Nathan Porter, conducted discussions during October 19-November 12, 2021 for the 2021 Article IV consultation, as well as the combined fourth and fifth reviews of Armenia’s economic program, which is supported by an IMF Stand-By Arrangement (SBA), the IMF Office in Armenia said

Armenia asks Russia to protect its sovereign territory from Azerbaijan

Armenia has asked today Russia to protect its sovereign territory from the attack of Azerbaijani troops,  Secretary of the Security Council  Armen  Grigoryan said to the Public TV

“The Power of One Dram” to “Teach for Armenia” Educational Foundation

IDBank and Idram’s initiative, “The Power of One Dram”, has concluded its’ 6th program and transferred 8.057.944 AMD to the Health Fund for Children of Armenia, which organizes treatment of children with life-threatening diseases abroad

Acba bank’s initial offering of 7.5 billion dram worth shares successfully completed (video)

The public offering of shares announced by Acba bank in September, 2021 is completed, the press service of the bank said in a press release today

Armenia replaces its deputy plenipotentiary representative in EDB Board

Armenia’s Deputy Minister of Finance Vahe Hovhannisyan has replaced Armen Hayrapetyan as new Deputy Plenipotentiary Representative of the country in the Board of the Eurasian Development Bank (EDB)

VTB Bank (Armenia) offers gold-secured loans at favorable terms

VTB Bank (Armenia) offers loans secured by gold items at the most favorable terms. The special campaign will run from November 9 to December 30, 2021 (inclusive)

Annual Music and Wine Festival held in Armenia with Unibank’s support

The third annual Music and Wine Festival held in Armenia on November 7 was organized at the Voskeni Wines winery in partnership with Unibank OJSC. The event was timed to commemorate the Armenian composers - Alexander Spendiarov and Arno Babajanyan, the press service of the bank said today

Average annual profit rate of three pensions funds managed by Amundi- ACBA Asset Management is 8-9 percent (video)

On September 30, 2021, the volume of assets managed by Amundi-ACBA Asset Management reached 220 billion drams, having increased by more than 7 billion drams in the third quarter alone, the press service of Acba bank reported today

Armenian banks issue 437 billion drams worth bonds

The amount of securities issued by Armenian banks as of late September 2021 was 437 billion drams, according to the Union of Banks of Armenia (UBA)