ArmInfo. Converse Bank and the Eurasian Development Bank (EDB) signed a loan agreement for $ 6 million to finance micro, small and medium businesses in Armenia.  "The signing of this agreement is a start to long-term cooperation with the EDB. This project will focus on expanding financing in the real economy, supporting the development of micro, small and medium businesses. Micro-business and SMEs have a unique ability to stimulate economic growth.

ArmInfo.  ACBA Leasing, within the framework of the E-FIX grant program of the EU Research and Innovation Project Horizon 2020, organized and conducted a master class on the theme "Development of energy efficiency in Armenia". The press service of the company told ArmInfo that the main speaker was E-FIX program manager Andreas Karner.

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. At the 5th international banking conference "Caucasus'19" organized by the SME Banking Club in Tbilisi, Ameriabank presented a scoring system for issuing online business credits for SMEs and achievements achieved over 5 months  from the moment of its introduction on May 17.

ArmInfo.. Ameriabank and Citibank

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.The leasing company AGBA Leasing and the Republican Union of Employers of Armenia (RSRA) signed a memorandum of cooperation, under which the parties will  contribute to the development and modernization of enterprises, in  particular SMEs, green economy, stimulation of domestic equipment  production, export growth, competitiveness, improved working  conditions and others

ArmInfo."For the first time, within my remembrance in the person of the Armenian government, we have a partner who has a clear idea and vision of further actions and  expectations," said the EU Extraordinary and Plenipotentiary  Ambassador to Armenia Piotr Switalski during a press tour to  enterprises and startups, that received financial and technical  support from the EU Small and Medium Enterprises Development  Authority (SMEDA) program. The head of the EU mission in this vein  noted that at the moment negotiations are being held with the  Armenian authorities on the subject of EU assistance in the  implementation of 13 priority projects that the Armenian side  presented in Brussels.  "We are currently discussing the deadlines,  since some of the programs presented are long-term, as well as tools  of financing, since some of them require the participation of banks  and international structures," he said.

ArmInfo.Ameriabank, holding the leadership in the main financial indicators, pulls up retail lending to the leading positions in the banking system of Armenia. Thus, according to the Financial Rating of Banks of Armenia as of December 31, 2018, prepared by ArmInfo IC, the bank's assets amounted to 779.8 billion drams ($ 1.6 billion, 1st position).  In their structure, 70% or 545.8 billion drams ($ 1.13 billion, first position) accounted for credit investments, and 8.3% or 64.4 billion drams ($ 133.1 million) - on investments in securities.

ArmInfo. On February 25, the Chair of the RA NA Standing Committee on Economic Affairs Babken Tunyan met with Judith Farnworth, Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to RA and Sally Woolhouse, Private Sector Adviser of the  Department for International Development.

ArmInfo.In recent years, Ameriabank has raised over $ 100 million from the European Bank for Reconstruction and Development (EBRD) for energy efficiency projects.  Head of Corporate Lending Department at Ameriabank Vahan Kajayan said  to journalists on the fields of the event, dedicated to awarding the  best partners of EBRD on green financing.

ArmInfo.Converse Bank has introduced “Gyumri” and “Gyumri Agro” loan types for development of SMEs and the agricultural sector in Shirak region.

ArmInfo.Over the next five years, the government of Armenia will focus on the development of high technologies, industry, as well as the formation of an economy  based on high environmental standards aimed at exporting competitive  and innovative products.  The Prime Minister of the Republic of  Armenia Nikol Pashinyan stated this on February 12 in the parliament  of the country, presenting the government's program.

ArmInfo. Armenian Deputy Minister of Economic Development and Investments Hakob Avagyan submitted a letter of resignation. The statement, as reported by  ArmInfo sources in the Ministry, was filed by Avagyan on Friday and  has already been sent to the Prime Minister's office. As of Monday  February 4th, the statement has not yet been signed by the Prime  Minister.Hakob Avagyan was appointed Deputy Minister of Economic  Development and Investments of Armenia in July 2018.

ArmInfo. Ardshinbank has signed a $35 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB). This is the second Club deal between Ardshinbank (Bank), Citi and ADB, which clearly indicates the success of previous loan and matured partnership.

ArmInfo. Vallex Group has not filed a lawsuit and has nothing to do with legal proceedings against Teghut CJSC, the Vallex Group statement reads.

ArmInfo. VTB Bank (Armenia) announces a campaign for new clients representing small and medium-sized businesses interested in making international transfers  via the SWIFT system. According to the press service of the Bank,  during the campaign, which will last until April 10, 2019, the  commission for international transfers of BEN / OUR in USD, EUR, RUR  will be 0 drams.