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.
ArmInfo.. Ameriabank and Citibank
ArmInfo.Ardshinbank, continuing to modernize the regional branches, this time resumed work of the Ijevan branch in Ijevan, which was repaired and equipped with modern technologies.
ArmInfo. Ardshinbank, emphasizing the importance of digital services, activated the "Money Transfer by Phone Call" service. As ArmInfo explained to the press service of the bank, having called the toll-free number 080002222 and having passed the identification, you can order the transfer of the transfer to your current account in Ardshinbank. The Bank for money transfers cooperates with the systems MONEYGRAM, UNISTREAM, INTEL EXPRESS, SIGUE, MONEYTUN, RIA, etc.
ArmInfo. VTB Bank (Armenia)offers to purchase real estate under the new improved conditions of mortgage lending under the program "Housing for the Young."
ArmInfo.Ardshinbank extended the deadline for accepting applications for amnesty of fines / penalties for bad loans until October 1, thereby providing borrowers with additional time to restructure and refinance debt. As ArmInfo explained in the press service of the bank, it is a question of retail loans without collateral classified as bad as of May 31, 2018.
ArmInfo. Ameriabank placed loans for more than $ 4.5 billion in the economy of Armenia for 2007-2018. Of this amount, $ 674 million accounted for financing of SMEs. As the press service of the bank told ArmInfo, in total the average y-o-y growth in lending to the economy amounted to 39.5%, while the SME sector in particular - 41%. During this period, over 1.2 billion drams were directed to export financing by the bank. The share of Ameriabank loans in Armenia's GDP grew from 2007-2018 from 0.18% to 5.07%.
ArmInfo. Ameriabank has the only credit portfolio in Armenia that exceeds $ 1 billion, amounting to $ 1.166 billion as of January 1, 2019, against $ 9 million ten years earlier (almost 130 times increase). The press service of the bank told ArmInfo that primacy is also retained on assets - $ 1.612 billion, against $ 44.5 million ten years ago (an increase of more than 36 times). The volume of investment attracted by banks increased over 10 years (2007-2018) from $ 5.7 million to $ 132.7 million (an increase of 23.3 times).Ameriabank also leads in total liabilities, the volume of which increased over the ten-year period from $ 33 million to $ 1.426 billion (an increase of 43.2 times).
ArmInfo. Converse Bank has made the terms of "Converse 25" deposit more attractive, offering up to 9,5% interest rate for the first year of a deposit in AMD and up to 5% in case of a USD deposit. The interest rate will rise for the second year, reaching maximum 9,75% and 5,5%, respectively, the press service of the bank informs.
ArmInfo.. Ameriabank leads in terms of volume of factoring operations, providing a portfolio of 11 billion drams in 2018 with a y-o-y growth of 59%. To date, the factoring portfolio of the bank already exceeds 12 billion drams. As the Bank's press service told ArmInfo, the dominant part of these operations falls on export factoring, in which Ameriabank closely cooperates with the Export Insurance Agency of Armenia, which gives exporters the opportunity from a financial point of view to build more efficient and reliable business relations with foreign partners.