In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
VTB (Armenia) is seeing growing interest in installment loans, offering customers favorable terms for purchases at more than 1,000 partner retail locations across the country.
The Armenian Interior Ministry has warned citizens about widespread fake adds on social networks, allegedly posted by banks, inviting them to apply for quick and cheap loans.
Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia's National Assembly has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
Armenia’s National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
VTB (Armenia) is seeing growing interest in installment loans, offering customers favorable terms for purchases at more than 1,000 partner retail locations across the country.
The Armenian Interior Ministry has warned citizens about widespread fake adds on social networks, allegedly posted by banks, inviting them to apply for quick and cheap loans.
Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia's National Assembly has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
Armenia’s National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Holders of MasterCard cards who will use them to pay for their daily purchases until 06/30/2021 will join a promotion campaign and get a cashback in the amount of 20 thousand to 800 thousand drams, VTB Bank (Armenia) said today
At its annual meeting of shareholders VTB Bank (PJSC) approved the new composition of the Management Board of its Armenian subsidiary VTB Bank (Armenia), the latter said in a press release
VTB Bank (Armenia), together with Visa international payment system has launched the iStudent cards, designed for students of colleges and higher educational institutions, the press service of the bank reported
VTB Bank (Armenia) and Ardis LLC have been cooperating since 2019 in the framework of settlement and cash services and credit and documentary products, the press service of the bank said in a press release today
VTB Bank (Armenia) and AUTOTECH company have been cooperating since 2019 in the framework of settlement and cash services. Since 2020, the bank has twice financed the company within the framework of trade finance operations acting as a guarantor of the company's contractual obligations before its counterparties
Cooperation between VTB Bank (Armenia) and Photon LLC in the framework of documentary operations is key to the successful fulfillment of the company's contractual obligations, the press service of the bank said in a press release
Keeping up with the times, VTB Bank (Armenia), within the framework of consumer lending, offers its individual clients to use the “Credit Line” product, the press service of the bank reported
VTB Bank (Armenia) said today it has summed up the results of a special two-stage deposit promotion campaign, called the Profitable Investment that was launched in October 2020
The VTB Bank (Armenia) and the Max Fish group of companies began their cooperation in 2013 in the framework of settlement and cash and credit documentary products. Recently, the Bank financed one of the companies of the group, Mac Fish LLC, providing it with new opportunities to develop its fish farming business
VTB Bank (Armenia), focusing on the needs of its customers, continues to expand its product line. According to the press service of the bank, this time bank offer real-estate secured consumer loans, which are provided to individuals for any purpose and can be the best solution to cover consumer expenses
VTB Bank (Armenia) and Telcell CJSC have been cooperating for over 10 years in the framework of servicing settlement and cash transactions. In 2020, they began to cooperate also in the framework of credit and documentary operations, the press service of the bank reported
VTB Bank (Armenia), one of the leading banks in the country in terms of the amount of effected money transfers, provides its clients with a string of opportunities to make international money transfers, the press service of the bank said in a press release
