"In relation to the U.S. sanctions against a number of Russian banks, including VTB Bank OJSC, we announce that VTB Bank (Armenia) is operating as usual, providing the full spectrum of services related to deposit and loan contracts, as well as money transfers and payments by means of bankcards", says the official press release of VTB Bank (Armenia).
In Q2 2014 VTB Bank (Armenia) confirmed its leadership in lending. According to the press service of VTB Bank (Armenia), as of July 1 2014 the bank's loan book exceeded 230bln AMD (1.4% growth in Jan-June 2014). This is 12.4% of all loans in Armenia's banking system.
ArmInfo’s Interview with Artashes Shaboyan, Senior Research Specialist at Ameria Group
Interview of Chairman of Converse Bank Board, Tigran Davtyan, with ArmInfo news agency
According to the results of the first half of 2014, the growth rates of Ameriabank's indices exceed average market level, Deputy Director General - Financial Director of Ameriabank, Gevorg Tarumyan, said at today's press-conference.
The ACBA-CREDIT AGRICOLE BANK American Express® Cash Back Card is a new and innovative product which offers Cardmembers financial control as well as the opportunity to earn rewards in the form of cash back. The cash back feature makes every day purchases even more rewarding by offering cash back on all purchases in Armenia, including a double cash back rate for purchases at leading supermarkets.
From January 1 to the present day, RESO Insurance Company accepted 287 applications for compensation under hull insurance. The company took a positive decision on 261 applications or in 90.9% of the cases. Furthermore, the insurer paid out up to 9 million AMD on twenty applications submitted over the specified area.
VTB Bank (Armenia) and Visa have announced the launch of a Summer with VTB campaign. The press service of the Bank has told ArmInfo that the campaign is conducted among the holders of Visa cards of VTB Bank (Armenia) from 20 July to 30 September 2014. The goal of the campaign is to promote the noncash payments with Visa cards.
In the first half of 2014, Areximbank-Gazprombank Group's net profit totaled 547.6 mln AMD (up 56.1% versus Jan-June 2013). The press service of the Bank has told ArmInfo that this financial achievement increased the Bank's total capital by 2.6% to 21.9 bln AMD in Jan- June 2014.
RESO Insurance Company has compensated for the damage caused to 6 customers' cars by the heavy hailstorm and rain in Vanadzor. The press service of the company has told ArmInfo that especially the residents of Vanadzor suffered from the heavy hailstorm and rain on July 7. Not only cars but also numerous houses in Vanadzor were damaged.
VTB Bank (Armenia) and MasterCard have summed up the results of the campaign "At the Wheel with VTB". The press service of the Bank has told ArmInfo that the campaign participants were holders of Cirrus/MaestroR and MasterCard StandardR, as well as holders of GoldR MasterCards of VTB Bank (Armenia), who used the cards to pay for goods and services in Armenia and abroad and who made online payments. The campaign lasted from April 15 till June 30, 2014.
Ardshininvestbank has cut lombard credit and Nur Card Express rates for physical entities. The press service of Ardshininvestbank reports that on July 15 2014 almost all of the bank's branches cut their lombard credit rates by 1% to 19.95%-22.95%. On Aug 18 Nur Card Express rates will be reduced by 4.1%.
ACBA-Credit Agricole Bank's terminals switch to a round- the-clock regime. For the moment, the Bank has 68 cash-in terminals at all the 49 branches and at the head office.
Ardshininvestbank published its financial results for the first semester of 2014 continuing to demonstrate a sustainable growth, the press service of the Bank has told ArmInfo.
Since 2011 National Mortgage Company has placed 11 issues of bonds in an amount more than 10 billion AMD, Director of the National Mortgage Company, Mher Edigaryan, said at today's press-conference. Within the frames of the first 9 tranches, the bonds were short-term and of the last two - mid-term.
ARARATBANK and The OPEC Fund for International Development (OFID) have signed a credit agreement at $10 million, press-service of the bank reported. The agreement was signed by OFID Director General Suleiman Jazir Al-Herbish and chairman of the ARARATBANK board, Ashot Osipyan.