According to the Global Finance magazine, in 2015 Ameriabank was named "The Best Trade Finance Bank of the Year". This is for the forth time since 2011.
A bas-relief of the great English poet Lord George Gordon Byron, a great friend of the Armenian people who is known for his Armenian studies, was inaugurated in downtown Yerevan near the head office of ACBA-CREDIT AGRICOLE BANK, 22 January.
Ameriabank signed their 80th trade finance deal covered by the Trade Facilitation Programme of the European Bank for Reconstruction and Development (EBRD), press-service of the bank reported.
VTB Bank (Armenia) has joined a new system of money transfers BEST to be introduced in the Armenian market for the first time.
On 20 January 2015, ARDSHINBANK published its preliminary financial results for the year 2014, continuing to demonstrate a sustainable growth, the press service of ARDSHINBANK has told ArmInfo.
ProCredit Bank starts 2015 by providing clients with innovative and modern solutions. The press service of ProCredit Bank reports that the Bank will soon open new the service points on Mashtots Avenue and Teryan Street. For the first time in the Armenian market, there will be 24/7 access to a full range of banking services.
In the next two years the sole shareholder of Anelik Bank will enlarge its capital in order to meet the Central Bank's new minimum capital requirement (30bln AMD), the bank's CEO Nerses Karamanukyan told journalists on Monday.
The downgrading of Armenia's rating by Moody's Investors Service will make foreign loans a bit more expensive, Chairman of the Board of Director s of Anelik Bank Nerses Karamanyan told journalists on Monday.
As the Central Bank of Armenia requires the banks to meet a new lower limit of total capital by 2017, many Armenian banks face a serious test, the analysts of AmRating national rating agency have told ArmInfo's correspondent. AmRating experts believe that the CBA's decision on increase of the lower limit of total capital from the current 5 bln AMD to 30 bln AMD by 1 Jan 2017 will not only boost the long-expected process of Mergers and Acquisitions (M&A) on the banking market, but will probably oust some weak and dangerous participants from the market due to the big amount of hidden toxic assets on their balance sheets.
Ameriabank has started the new fiscal year with an announcement on acquisition of the loan book of Norvik Universal Credit Organization (UCO). The press service of Ameriabank has told ArmInfo that Norvik UCO has sold part of its portfolio to Ameriabank. No further information about the details of the deal is reported.
VTB Bank (Armenia) refutes the information published on one of the Armenian websites, according to which the Bank is allegedly considered risk-related due to the capital insufficiency. The Bank says that "the article entitled "Which banks are on the verge of closure" uses wrong information about VTB Bank (Armenia). In particular, the article says that as of 30 Sept 2014 the total capital of VTB Bank (Armenia) was 20 bln 775 mln 690 thsd AMD and that the Bank is considered risk-related, which has absolutely nothing to do with the reality".
The US State Department has assessed Armenia as meeting the minimum fiscal transparency requirements for FY 2014 In its Fiscal Transparency Report, the Department lists Armenia among 90 governments that met the minimum fiscal transparency requirements for the last year. Among them are Georgia, Kygyzstan, Latvia, Lithuania and Estonia.
In 2014 AMD dropped against USD by 14.1%. In Dec 2014 alone it dropped by 10%. According to Armenia's National Statistical Service, in Dec 2014 average AMD/USD exchange rate made up 462.5 AMD/1 USD against 405.3 AMD/1 USD in Dec 2013.
VTB Bank (Armenia) has decided to offer its Telephone Bank service to companies and private businessmen in view of its popularity among customers.
On Dec 27, Armenia's Central Bank sold banks $2mln, i.e. the total amount offered. The press service of the CB reports that the average AMD/USD exchange rate on the interbank forex market rose to 468.08 AMD/1 USD, with the cut-off price rising to 467.25 AMD/1USD. The transactions at NASDAQ OMX Armenia totaled $400 thsd at the exchange rate of 470 AMD/$1.
Serzh Sargsyan emphasized that Armenia has all the opportunities to solve the current problems and maintain its financial stability.