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Tag: financing

VTB Bank (Armenia) provides financing to United Travel company as part of documentary operations

Banks admin -
VTB Bank (Armenia) provided financing to the United Travel LLC within the framework of documentary operations, the press service of the bank reported

Apricot dream: Acba bank is financing creation of intensive apricot orchard (video)

Banks admin -
The Acba bank is financing the creation of the largest intensive apricot orchard in Armenia, the press service of the bank reported

VTB Bank (Armenia) provides financing to Yerevan factory of sparkling wines

Banks admin -
VTB Bank (Armenia) began cooperation with the Yerevan Factory of Sparkling Wines in December 2020 as part of a government program designed to subsidize interest rates on loans provided to economic entities engaged in the agro-processing sector, providing it with funds for purchase of raw materials

Armenia to stop taking loans for financing its budget deficit – finance ministry

Economy admin -
In 2020, Armenia will stop taking loans for financing its budget deficit, Armenian Deputy Finance Minister Armen Hayrapetyan said Thursday at an extraordinary session of the National Assembly

IBEC provides of €3.5 million to Ardshinbank as pre-export financing

Banks admin -
For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019, the press office of Ardshinbank reported on Friday

Central bank presents report on fighting money laundering and financing of terrorism

Banks admin -
The Financial Monitoring Center (FMC) of Armenia’s Central Bank said it had received 232,635 reports in 2017 on cash transactions exceeding the legal requirement of 5 million drams, up from 206,065 reports in 2016

ACBA Leasing offers financing for purchase of Mercedes Benz cars

Banks admin -
The ACBA Leasing company offers financing for the purchase of Mercedes Benz cars on favorable terms. The company said in a news release that the models of Mercedes Benz commercial vehicles were presented by Avangard Motors

IFC arranges $140 million in financing to boost clean energy supplies in Armenia

Economy admin -
IFC, a member of the World Bank Group, said it has arranged a landmark $140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy

EDB, ADB to finance projects of $3 billion total cost in Armenia, Kyrgyzstan, Kazakhstan and Tajikistan

Banks admin -
The Eurasian Development Bank and the Asian Development Bank will finance a number of projects of $3 billion total cost in Armenia

VTB bank (Armenia) finances rehabilitation therapy for 60 children with cerebral palsy

Banks admin -
VTB Bank (Armenia) has financed rehabilitation therapy for 60 children from poor families with cerebral palsy (CP), the bank's press service reported today

ArmSwissbank to start providing pre-export financing

Banks admin -
ArmSwissbank will start providing pre-export financing, which is a new instrument introduced by Export Insurance Agency of Armenia

VTB Bank (Armenia) finances construction of strawberry greenhouse in Kotayk province

Banks admin -
VTB Bank (Armenia) said today it had provided funding to Strawberry Field company for the construction of a modern energy-saving greenhouse in the village of Nor Geghi in central Kotayk province

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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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