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Tag: Credit

EBRD extends $8-million loan in drams to Armenia’s ACBA-CREDIT AGRICOLE BANK

Banks admin -
The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan in Armenian drams equivalent to US$ 8 million through a local currency financing facility to ACBA-CREDIT AGRICOLE BANK (ACBA), the EBRD press office reported on Thursday

Armenia and World Bank sign US$50 million development policy finance operation to support government’s reforms program

Economy admin -
Armenia and the World Bank signed December 8 a US$50 million development policy finance operation to support the Government’s reforms program across key economic areas

Unibank enlarges opportunities for online loan applications

Banks admin -
The Yerevan-based Unibank said today that applications for receiving consumer loans U-Cash, provided in Armenia’s national currency, the dram, can be made online as well, without visiting the bank

VTB bank (Armenia) unveils new service- “redemption of loans for consumer purposes”

Banks admin -
VTB Bank (Armenia) has unveiled today a new service called "Redemption of loans for consumer purposes," available at more affordable terms, saying in a press release that the loans can be used to pay off one or several loans in an another bank or banks

Anelik Bank offers new kind of loans – Fast Resources

Banks admin -
Anelik Bank, continuing to expand the range of its lending products, offers a new type of loans – Fast Resources, the bank’s press office reported on Wednesday

Armbusinessbank annuls credit obligations of soldiers killed in Nagorno-Karabakh

Banks admin -
Armenian Armbusinessbank Board of Directors has decided to annul all credit obligations of servicemen who were killed in the latest upsurge of violence in Nagorno-Karabakh provoked by Azerbaijan, and also the obligations of their families

Credit portfolio of banks in Karabakh grows by 14 percent to 87.3 billion drams

Banks admin -
As of October 1, 2015 the total credit portfolio of Armenian banks' branches in Nagorno-Karabakh Republic (NKR) increased by 13.8% from the same period of 2014 to 87.289.4 billion drams, the National Statistical Service of NKR said. But compared to the previous month the portfolio was less by 2%

Armenian banks’ credit investments in first quarter drop by 3.54% to 2.075.6 trillion drams

Banks admin -
Armenian commercial banks’ overall credit investments in the first quarter of 2015 dropped by 3.54% from the beginning of the year to 2.075.6 trillion drams, according to ARKA news agency’s latest issue of Financial and Economic Bulletin (Armenian banks performance indicators for the first quarter of 2015)

Ardshinbank raises ceiling of credit lines available to holders of its payroll cards

Banks admin -
Armenian Ardshinbank said today it has raised the ceiling of credit lines available to holders of its payroll cards up to ten times the size of their net wage. According to a bank’s press release, the credit lines are available in the national currency, the dram

ACBA-CREDIT AGRICOLE BANK announces new type of loan called Credit+

Banks admin -
ACBA-CREDIT AGRICOLE BANK has unveiled today a new type of loan called Credit+ designed specifically for legal entities which have taken loans from another bank or credit organization and need to obtain new funds without spending additional time, the bank’s press office reports

Bank VTB (Armenia) offers ‘Credit of Trust’ to its SME clients

Banks admin -
Bank VTB (Armenia) is offering a ‘Credit of Trust’ to its clients running companies in trade, construction and production

Total credit portfolio of Armenian banks’ branches in Nagorno-Karabakh stood at 78 billion drams on March 1

Banks admin -
The total credit portfolio of Armenian banks’ branches in Nagorno-Karabakh stood at 78 billion drams on March 1, 2014, an increase of 1.6 percent from the year before, according to Nagorno-Karabakh Statistical Service

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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