Armenia's banks continue resisting external shocks, while the interval between the "shocks" is decreasing. This limits the opportunity to develop a complete system of permanent resistance to crises and prepare to repel the next shock.
The Armenian corporate securities market has favorable conditions for new issues, says Gevorg Machanyan, Executive Director of "ArmSwissBank" CJSC. He says that "now some stabilization in interest rates is observed and investors benefit from it". At the same time, the market faces a collateral liquidity problem, which considerably reduces the possibility of new issues of corporate securities today.
Today, on April 21, at a special ceremony held at NASDAQ OMX Armenia ARMSWISSBANK announced the placement of the third issue of its USD denominated bonds, as well as introduced the first and the second placements of the bonds by the Bank, the press office of NASDAQ OMX Armenia reports.
VTB Bank (Armenia) has evolved a new - "National" deposit type for non-resident individuals of Armenia. The bank has reported to ArmInfo that one can open a deposit in AMD at the interest rate of 17.75%, USD - 6.25%; EUR - 5.45%; RUR - 11%. The deposit period is 90, 180 or 365 days. The minimum deposit sum is 500000 AMD/1000 USD or EUR/50000 RUR.
On April 16, 2015 placement of the first and the second issues of foreign currency denominated bonds by "ARMSWISSBANK" CJSC took place at NASDAQ OMX Armenia, the press office of NASDAQ OMX Armenia has told ArmInfo.
VTB Bank (Armenia) and MasterCard have summed up the results of the joint campaign "At the Wheel with VTB". The press service of the Bank has told ArmInfo that the campaign participants were holders of Cirrus/Maestro and MasterCard Standard cards, as well as holders of Gold MasterCards of VTB Bank (Armenia).
In April ArmSwissBank is intending to issue bonds and launch three disbursements of 10 million USD bonds on the market.
ArmSwissBank's Management Board Member and Deputy CEO-Director of Investment Department Karen Turyan has told ArmInfo journalist that the corporate bonds are to be placed on the IPO platform of NASDAQ OMX Armenia. "ArmSwissBank" CJSC is to carry out the placement, while another member of the stock will carry out the responsibilities of the marketmaker after the listing. The CBA registered the IPO prospectus on April 7 2015. The bonds are inconvertible with the right to free-floating.
RESO Company is implementing an international medical insurance project "Health Sector" - a unique project for the Armenian market, says Samvel Grigoryan, RESO Executive Officer, in an interview with ArmInfo.
ProCredit Bank press-office reports to ArmInfo that the On 07.04.2015 ProCredit Bank received certificate on compliance with ISO/IEC 27001:2013 standards by Certification International UK Limited. The aim of certification is to upgrade the information security system compliance to the defined standards and policies. According to the audit check-up ProCredit Bank fully corresponds to all requirements of information security management system. The Certificate is issued for 3 years.
Starting from 03.04.2015 Ardshinbank offers its customers 2 new money transfer systems "Best" and "ConversTransfer", which are served in 56 branches of the Bank on the territory of RA and Nagorno-Karabakh.
To foster online trade in Armenia, ACBA-Credit Agricole Bank offers a new service. The press service of the Bank has told ArmInfo that on the websites of the companies interested in the given service, the integration of the modules will be free of charge and this condition will be in force till May 5.
To make use of the service, one can apply to any branch of ACBA-Credit Agricole Bank or fill in an online application on the Bank's website.
The press office of the Bank has told ArmInfo that from now on the customers are only to fill in an online application on the Bank's website to receive the certificate. So, to receive the certificate, the customers will have to visit the Bank only once - on the next day after filling in the application. The certificate is issued at a relevant tariff.