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.
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.
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.
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.
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.
ArmInfo.Ardshinbank has significantly improved the terms of loans in Armenian drams with real estate pledge, the press service of the Bank informs. The Bank has launched a "Credit Vacation", according to which customers can move their loans with real estate pledge to Ardshinbank up to 3% lower annual interest rate, extend the loan term and simplify the monthly repayments. Moreover, the customer is free not to make any repayments for the first six months.
ArmInfo.Ardshinbank leads in net profit for the second quarter of 2019 - more than 3 billion drams ($ 6.3 million), ensuring unprecedented growth. According to published financial reports, for the II quarter this figure increased by 34.6%, and in annual terms - by 2.2 times. This is noted in the message of the bank.
ArmInfo.Ameriabank will be awarded the Euromoney award for the seventh time - this time "Excellence 2019" as the best bank of the year in Armenia. As the press service of Ameriabank told ArmInfo, the award ceremony took place on July 10 in London and became the 27th in a row. The award was presented to representative of Ameribank Armen Aslanyan.
ArmInfo.HSBC Expat has found that Switzerland is considered to be the best place to live and work taking the crown from Singapore after four consecutive years at the top. This is evidenced by the 12th annual league table of the best places to live and work, by HSBC Expat.
ArmInfo.Converse Bank offers a short-term loan "Bridge" for SMEs. As ArmInfo explained to the press service of the bank, this product allows small and medium-sized businesses operating in various fields to receive one-year loans to replenish working capital or to plan funding for short-term liquidity.