By Adonia Agayan YEREVAN, September 7 — In his opening statement Vahram Nesrisyants, the Board Chairman and CEO of the PanArmenian Bank, said that the PanArmenian Bank is a development bank and is established as an open stock company. The purpose of the bank is to attract long-term financing from international financial organizations and other [...]
By Eva Sahakyan YEREVAN, April 29 — Macroeconomic indicators in Armenia will have notable improvements in the nearest months, the Armenian President Serge Sarkisian announced on Thursday during his meeting with the heads of Armenian banks, the press service of the Armenian President reports. Sarkisian spoke about macroeconomic indicators and inflation control. He mentioned that [...]
By Adonia Agayan YEREVAN, September 24 — Serge Sarkisian, the President of the Republic of Armenia, highly appreciated ACBA-Credit Agricole Bank’s participation and investment in Armenia’s banking system. At the meeting with Jean-Marie Sander, the Chairman of ACBA-Credit Agricole Bank, the president said that the bank greatly participates in Armenia’s economic life, particularly in the sphere [...]
YEREVAN (Novosti-Armenia), June 21 — “The Government of Armenia is going to reconsider the terms of the Available Housing for Young Families mortgage program,” said Prime Minister Tigran Sarkisian at the National Youth Policy Board meeting on Saturday. On January 29, the Armenian government maintained the program concerning Available Housing for Young Families in the amount of 3 [...]
YEREVAN (ARKA), June 8 — International Finance Corporation (IFC), a member of the World Bank Group, will allocate a senior loan of $3 million to an Armenian leasing company, ACBA Leasing, to expand the financing availability for local small and medium-sized enterprises. With IFC’s financial support ACBA Leasing will finance both the leasing of transportation [...]
YEREVAN (ARKA), March 31–Ameriabank and Cascade Bank will merge before the end of this year, Artak Hanesyan, director general of Ameriabank and chairman of the bank’s directorial board, said at a news conference on Wednesday. “Our banks’ shareholders sealed the merger deal today. Such a merger of two banks on market conditions is unprecedented in [...]
YEREVAN (ARKA), February 10—Karapet Gevorkian, a representative of German KfW Bank in Armenia, said today Armenia will join the European Fund for Southeast Europe (EFSE). He said Armenia’s membership with EFSE was discussed by Armenian Central bank governor Arthur Javadian during a December 2009 visit to Germany, when the shareholders of the European Fund for Southeast [...]
