MICA has told ArmInfo that the topic of the conference is "The Banks in the Age of Changes: New Challenges, New Tests, New Opportunities". Invited are representatives of the state regulatory structures, top managers of the banks, stock exchanges, brokerage and investment companies, heads and employees of the treasury divisions, financial institutions, FX&MM dealers, experts and analysts from Russia and other countries.
The document was signed by Gevorg Machanyan, CEO-Chairman of the Board of ArmSwissbank CJSC and Mike Taylor, Director, Central Asia, Caucasus & Mongolia, Financial Institutions Team at EBRD.
Ameriabank anticipates a 50% growth of trade finance portfolio in 2015, Suren Kocharyan, Department of Trade Finance at Ameriabank CJSC, told reporters, on sidelines of a conference on the trade finance sector of Armenia, Wednesday.
On Oct 1 Anelik Bank will lower the tariff for the Bank-Client system and the commission for S.W.I.F.T. transfers. According to the press service of the bank, from now on the annual tariff for Bank-Client will be 20,000 AMD for companies and 5,000 AMD for individuals against respective monthly fees of 4,000 AMD and 900 AMD before. The connection fee will be 10,000 AMD for companies and 5,000 for individuals.
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) has lent Araratbank $15mln for financing business projects by export-oriented companies. The press service of Araratbank reports that the loans will be issued at an interest of 10-12%. The maturity is 5 years, the maximum amount is $1mln. Eligible for the loans are companies with assets no more than $15mln and staffs of no more than 300 people.
Ameriabank continues to successfully develop its retail banking business. This year the bank has appeared with new even more attractive retail services. As a result, in Jan-Aug 2014 it exceeded a number of targets, Ameriabank's Retail Banking Director Arman Barseghyan told journalists on Tuesday.
ACBA-Credit Agricole Bank has created ACBA Business Partner sub-brand with a view to bring all of its corporate products together. According to ACBA-Credit Agricole Bank's CEO Nikolay Hovhannisyan, the sub-brand will show customers that ACBA-Credit Agricole Bank is not a universal rather than just an agrarian bank.
VTB Bank (Armenia) has won Public Rating's Best Bank award. The press service of VTB Bank (Armenia) reports that MP Karine Achemyan handed the award to the bank's CEO Yuri Gusev on Monday.
The problem of transfer of young windsurfers from Yerevan to Lake Sevan and Tsaghkadzor in the wintertime will be settled with the support of VTB Bank (Armenia). To contribute to sustainable development and enhancement of the youth's life quality, VTB Bank (Armenia) provides constant support to the mass and professional sports.
ArmSwissBank has become a partner bank for the Medicine Producers and Importers Union of Armenia. The Memorandum of Cooperation between ArmSwissBank and Medicine Producers and Importers Union of Armenia was signed on September 26 during Pharma-Armenia EXPO 2014, the 6th International Pharmaceutical Competitiveness Conference.
INECOBANK has issued a Priority Card for those loving to travel. The press service of the bank reports that the card has a number of advantages, particularly, 90-day travel insurance and membership to Priority Pass, a system available at 600 airports in more than 100 countries.
The winner of the Special Prize of the Organizing Committee of Coin Constellation -2014 is the coin series "Letters of the Armenian Alphabet" presented by the Central Bank of the Republic of Armenia and minted by the Royal Dutch Mint.
VTB Bank (Armenia) is enlarging its partnership with Spayka, one of Armenia's leading transportation companies: the bank has given the company a big loan so it can replenish its floating assets and intensify its export-oriented activities during the agricultural season.
Continuation of ArmInfo’s Interview with Chairman of the Board of Acba-Credit Agricole Bank Hakob Andreasyan
In 2015 Ameriabank is going to increase its corporate lending portfolio from $70 mln to $520 mln and retain leadership in the Armenian banking system, Gagik Sahakyan, Corporate Banking Director at Ameriabank, said when replying to ArmInfo's question at today's briefing. He specified that the Bank intends to increase the portfolio to $460 mln by late 2014. He said that it is a quite attainable indicator, because as of 1 Sept 2014 the Bank's corporate lending portfolio amounted to $430 mln, including 405 mln USD as loans (letters of credit and bank guarantees exclusive).
Anelik Bank has enlarged its Simple Fast package by having introduced a Simple-Fast Auto card loan. The press service of Anelik Bank reports that this service allows borrowing up to $10,000 or 2mln AMD by means of ArCa, Visa or MasterCard upon the security of a car with no need for an income certificate.