ACBA-CREDIT AGRICOLE BANK has announced the results of the draw conducted among the Visa Student cardholders and student loan borrowers. The press service of the Bank has told ArmInfo that the draw winners among the student loan borrowers are Hovik Veranyan, Ruzanna Matevosyan, Robert Simonyan, Ani Hovhannisyan, Narek Margaryan, Lilit Mirzakhanyan, and the winners among the Visa Student cardholders are Hayk Sukiasyan, Juliana Vardanyan, Hasmik Hambaryan, Arusyak Ghukasyan, Arevik Badalyan, Aram Chobanyan. The prizes will be awarded to the cardholders, who submit before 31 Jan 2015 a certificate confirming their studies at a certain university.
On December 19, INECOBANK received the first US$5mn tranche under the US$10mn loan agreement with EBRD. The bank is expected to finance renewable energy sector and small and medium-sized enterprises (SME). According to INECOBANK press-service, the first tranche will be on-lent to companies for implementation of energy-efficiency and renewable energy projects, as well as to privates in terms of consumer loans.
In the inter-bank foreign exchange market of Armenia, $1.7mn out of $4mn offer of the Central Bank was in demand today on 20 December. The Central Bank of Armenia (CB) told ArmInfo, the average (indicative) rate totaled 446.76 AMD/1 USD, with the cutoff rate being 445AMD/1USD.
Vigen Barseghyan has been appointed as Acting Director General of Areximbank-Gazprombank Group.
Anelik Bank faced no problems with liquidity amid the national dram hyper-devaluation due to the financial support of its owner, Credit Bank S.A.L. (Lebanon), Nerses Karamanukyan, Chairman of Anelik Bank Board, told ArmInfo.
ACBA-CREDIT AGRICOLE BANK will hold its traditional annual prize draw ahead of the New Year among Visa Student cardholders and raffled off six semester tuition fees, in 20 December, at 10:30 AM, in Moscow cinema, the bank's press office reported. All cardholders who have been active from 25 August to 19 December may take part in the raffle.
Armenia's financial market will no longer face the shocks like the one it faced on Dec 17, Armenian Prime Minister Hovik Abrahamyan told journalists on Thursday.
On Dec 18 Armenia's Central Bank tried to sell $4mln on the inter-bank forex market but none of the banks bought it. No forex transactions were registered on the exchange on the same day, with the average offer rate being 548.8 AMD/1 USD. It was the first CB intervention since Dec 8.
Armenia's Central Bank is not planning prescheduled revision of its refinancing rate, the CB's Chairman Artur Javadyan told journalists on Wednesday.
For the moment USD rate is overvalued while AMD rate is undervalued, Chairman of the Central Bank of Armenia Artur Javadyan told journalists on Wednesday.
TB Bank (Armenia) and MasterCard are launching a joint bonus campaign for the MasterCard holders among the customers of VTB Bank (Armenia). The press service of the Bank has told ArmInfo that by paying with MasterCards at any trade and service outlets from 15 Dec 2014 till 15 Mar 2015, the customers of VTB Bank (Armenia) will be accumulating bonus points and will get an opportunity to win a prize: a 500 thsd AMD certificate for purchasing household appliances, a trip to Sri Lanka for two persons or a Renault Logan. A total of 100 cardholders, who accumulate the highest number of points, will take part in the draw.
On the occasion of the New Year, VTB Bank (Armenia) has decided to raise interest on its VTB- Prospect+ deposit to 14.25% for 365 days and 14.75% for 730 days. The campaign will last till Feb 28 2015.
The company's press service has told ArmInfo that all the proceeds from the auction will be spent on treatment of the children suffering from oncological and hematological diseases, juvenile idiopathic arthritis and other diseases that require urgent treatment.
Ardshinbank has raised the overdraft limit for its salary cards by 10 times. The overdraft will be given in AMD and will have repayment preferences, like a grace period and monthly reduction.
The growth of prices since the beginning of November till 10 December is in line with the fluctuation of the foreign currency rate. This is evidence of the fact that big suppliers did not overuse their dominating position at the market, Chairman of the State Commission for Protection of Economic Competition, Artak Shaboyan, said in the government today when presenting the premier the situation in the republic.
9 December 2014, "Ardshinbank" CJSC ("Ardshinbank") raised USD 75 million from the international capital markets through a Reg S only senior unsecured private placement.