Karine Melikyan

Ardshinbank Successfully Issued 5-year USD 300 million Eurobonds

Wednesday, January 29 2020, 11:10

ArmInfo.On January 21, 2020, Ardshinbank successfully priced its new RegS / 144A US$300mm 5-year eurobonds rated Ba3 by Moody’s and B+ by Fitch. The issuance was first non-sovereign index-eligible issuance out of Armenia. The bonds are listed on the Irish Stock Exchange and clear through DTC, Euroclear and Clearstream. The offering has been conducted with the help of Citigroup Global Markets Limited and Renaissance Securities (Cyprus), that acted as lead managers for the transaction

Ardshinbank placed another large tranche of bonds on international capital market

Thursday, January 23 2020, 17:08

ArmInfo. Ardshinbank, rated Ba3/-/B+, sold its $300m five year bond from a book of over $450m through joint bookrunners Citi and Renaissance Capital. The deal was sold at par with a coupon of 6.5%, according to the information published on the website Global Capital.

Butchers hold another protest in front of Government building

Monday, January 20 2020, 15:09

ArmInfo. On January 20, in front of the Government building, butchers hold a protest rally against a decision that entered into force, according to which only meat from slaughterhouses is allowed for sale in Armenia.

Converse Bank completed the initial placement of dram and dollar bonds prior to the scheduled date

Monday, December 23 2019, 17:24

ArmInfo. Converse Bank completed prior to the scheduled date the initial placement of the regular dram and dollar bonds in the amount of 1 billion drams and $ 5 million, respectively. As ArmInfo was told by the press service of the bank, the initial offering of bonds of these issues was planned to be completed on February 28, 2020. It is appropriate to note that in case of previous bonds issues by Converse Bank the initial placement was also completed ahead of schedule.

Ameriabank Named Bank of the Year 2019 in Armenia

Friday, November 29 2019, 21:20

ArmInfo.Ameriabank won the “Bank of the Year in Armenia 2019” award by the Banker – a premier publication of Financial Times. The bank is honored with this award for the sixth time, previous awards having been received in 2010, 2013, 2015, 2016, and 2017. Held for the 20th year in a row, The Banker awards are the world’s highest standard for recognition of achievements in banking.

Ardshinbank received €3.5 million financing by International Bank for Economic Cooperation (IBEC)

Friday, October 25 2019, 13:00

ArmInfo. For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019. IBEC provided pre-export financing to Ardshinbank in the amount of 3.5 million euros for a period of up to six months for lending to the export of agricultural products to Russia.

According to the results of 9 months of 2019, Ardshinbank increased its net profit by 76% per annum - up to $ 17.5 million

Thursday, October 17 2019, 17:15

ArmInfo.According to the results of 9 months of 2019, Ardshinbank increased its net profit by 76% per annum - up to 8.3 billion drams or $ 17.5 million. Only in the Q3 the bank provided profit at the level of 3.1 billion drams or $ 6.5 million, with a quarterly growth of 3.3% year on year 2.6 fold growth. This is evidenced by the data of the published financial report of Ardshinbank on September 30, 2019.

Beeline CEO delivers lecture at BuissUp School of Young Leaders

Friday, October 11 2019, 14:43

ArmInfo. Beeline Armenia CEO Andrey Pyatakhin delivered a lecture at BuissUp School of Young Leaders. As ArmInfo was informed in the press service of the company, the audience involved 70 participants aged 20-30 from different countries.

Moodys agency upgraded VTB Bank (Armenia) rating to "B1"

Friday, September 6 2019, 00:33

ArmInfo. Moody's international rating agency upgraded the long- term rating of bank deposits in foreign currency of VTB Bank (Armenia) from "B2" to "B1", maintaining the forecast "Stable". ArmInfo was informed about this in the press service of the bank.

VTB Bank (Armenia) and Visa Company provide customers with the opportunity to use the Lounge Key service in VIP zones of airports around the world

Tuesday, August 6 2019, 11:44

ArmInfo. VTB Bank (Armenia) offers all its customers - Visa Infinite and Visa Platinum cardholders, to use the Lounge Key service and enjoy the VIP zones of 550 airports in 300 cities of 100 countries of the world. As ArmInfo was told in the press service of the bank, in order to get to the VIP zone, it is enough to show the Visa Infinite / Visa Platinum card to the employee of the VIP zone.