ArmInfo.Ardshinbank announces reduced interest rates and better lending terms for loans secured by property. Thus, the current annual interest rate on consumer loans in AMD is 14.25-19.95% without the need to submit a statement of income and 14.25-17.75% with income certificate. The interest rates on express renovation loans in USD are 12.75-17.95% without income certificate and 12.75-15.25% with income certificate, as well as 12-14.95%, 12-13.45% in Euro accordingly.

ArmInfo.ACBA-Credit Agricole Bank, being one of the first partners of the Russian MIR payment system, announced the launch of the ArCa-MIR chip-based co- branded  cards. As ArmInfo was told in the press service of the Bank, in  Armenia this card will act as "ArCa", and on the territory of Russia  - as a "MIR" card.

ArmInfo.Ardshinbank and the Armenian National Academic Theatre of Opera and Ballet named after A. Spendiaryan announced their partnership. Within the scope of the partnership the Bank is going to assist the Theater with financial assistance amounting to AMD 100 million. The ceremony of signing the Memorandum of Cooperation, with participation of RA Minister of Culture, Armen Amiryan, Chairman of the Management Board of Ardshinbank, Mher Grigoryan and Artistic Director of the Theater, Constantine Orbelian, was held at the National Academic Theatre of Opera and Ballet.

ArmInfo.Ardshinbank became a participant in the securities registration system of the  Central Depository of Armenia (CDA) with the status of the operator of the depository system account. About it

ArmInfo.

ArmInfo.On September 16, Charles Aznavour Square hosted Yerevan Music Night featuring jazz and pop performances. The first-time event became unforgettable when later in the evening the world famous singer Lou Bega surprisingly appeared on the stage.

ArmInfo. Ardshinbank announces new terms on mortgages, according to which the interest rate for purchasing residential real estate has been reduced to 9.5%. Lending conditions have also been improved, therefore it is now possible to get a real property starting with just 5% prepayment.

ArmInfo.Ardshinbank will join the 200th anniversary celebration of I. K. Aivazovsky. Notably, on September 14 in Yerevan the National Gallery of Armenia will host  the solemn opening of the exhibition entitled "Creation", of one of the world's greatest marine artists, where the guests and visitors will be given the wall calendars with the artist's paintings issued by the Bank.

ArmInfo.Ardshinbank was the first in Armenia to start issuing chip payment cards ArCa-MIR, which are serviced both in Armenia and throughout Russia. The press service of Ardshinbank informed ArmInfo about this.

ArmInfo. Ardshinbank has provided Luys Foundation with AMD 100 million to support the Armenian youth enrolled in world best universities.  It's the fifth time that  the Bank has been assisting the education foundation, and this year,  too, the financial resources provided by the Bank will be targeted  towards the development of the scholarship program.

ArmInfo. VTB Bank (Armenia), together with the international payment system MasterCard first in the banking market of Armenia launches Noncontact PayPass MasterCard payment cards.  The press service of the Bank told ArmInfo, by means of contactless cards MasterCard PayPass customers can very simply pay for purchases on the card via POS-terminals equipped with contactless technology.

ArmInfo. Ardshinbank has one of the largest branch networks in RA banking system. At present, the Bank has 64 operating branches, out of which 19 in Yerevan, 42 in the  regions and 3 branches in NKR. The Bank highlights the role of the  regional offices and their uniform development, since the Bank's  policy aimed at upgrading regional branches is dictated, first of  all, by the interests of customers for whom Ardshinbank is trying to  create more comfortable and convenient banking service.

ArmInfo.Ardshinbank informs that international money transfers to almost all countries of the world are mainly effected within a day.

ArmInfo.Ardshinbank constantly expands the benefits of its payment cards, offering its customers a wide range of card products, features and preferences. An important component in the card business of the Bank are payroll cards, and the Bank links their development to the further success of modern and convenient card service for their holders.

ArmInfo.To activate the bond market of Armenia, a national scale of ratings is needed. Arshinbank Risk Management Director Artak Arzoyan expressed this opinion in an interview with ArmInfo, explaining that local investors and borrowers dominate the national financial market, and an internal credit rating is required for the issuance of debt securities of certain categories.

ArmInfo.Ardshinbank offers its customers all the benefits of safe-deposit boxes, affordable and convenient way to keep valuable things on summer holidays. The vaults are equipped with a modern security system and have a high degree of protection. Moreover, each safe-deposit box has two keys, one of which is provided to the customer and the other is stored in the Bank. The box can be opened only with the simultaneous use of two keys. "As the demand for safe-deposit boxes grows in summer, the Bank offers its customers the best conditions for using this service. We are responsible for the safety and security of each safe-deposit box, and our customers are absolutely free to choose among the box sizes and lease terms ranging from 1 day to 1 year. By leasing safe-deposit boxes, our customers can enjoy their summer holidays, being sure that their most valuable things are in safe hands," said Director of Strategic Development at Ardshinbank Armen Gasparyan. For signing a contract customers are required to present only a passport. To note, at present there are three sizes of safe-deposit boxes at the moment, and the service is provided at Ardshinbank Head Office and branches of Erebuni, Shengavit, Kentron, Yerevan, Nalbandyan, Arabkir, Ejmiatsin, Sisian, Goris, Yeghegnadzor, Kapan, Ijevan, Stepanakert, Martuni, Dilijan, Artashat. For further information about Ardshinbank's services and their terms and conditions can be found at www.ardshinbank.am, by calling (012) 22 22 22 or by using the "Call Back" service. Ardshinbank is the second largest bank in Armenia with one of the broad sales networks comprising of 64 branches. Ardshinbank is the only private entity in Armenia with assigned ratings from two international major rating agencies (Moody’s and Fitch) equal to the rating of the Republic of Armenia.

ArmInfo.Armenia's bond market is well organized, and the environment created by regulators helps attract investors. This opinion was voiced by the chief treasurer of  the Black Sea Trade and Development Bank (BSTDB) Christopher Best on  June 29 during a press conference timed to the placement of the first  AMD BSTDB bond issue, underwriters and market makers of which were  ARARATBANK and Future Capital Market".

ArmInfo.The Eurasian Development Bank (EDB) proposed  Ardshinbank JSC  with  $ 20 million revolving credit facility for a period of 3 years. The corresponding agreement was signed on June 28, 2017 by Managing Director for Assets and  Liabilities of EDB Dmitry Ladikov-Roev and Chairman of the Board of Ardshinbank  JSC Mher Grigoryan.

ArmInfo. State services in Armenia will be available also through "Araratbank". The corresponding draft decision was approved at a meeting of the Armenian government on June 23.

ArmInfo. Fitch Ratings assigned ACBA-Credit Agricole a "B +" rating with a "Long-term Issuer Default Rating" (IDR) rating. In the Fitch report, a solid core of internal  financial viability determines assigning this very rating level to the bank.