Money & Bank

 

EBRD launches new green economy financing facility for Armenia
/Feb 21/CEE Energy NewsWatch Today/ 

The European Bank for Reconstruction and Development (EBRD) launched a new Green Economy Financing Facility (GEFF) for Armenia, co-financed by the Green Climate Fund (GCF), on February 19.  

ArmSwiss Bank, which is the second bank in Armenia to join the GEFF scheme, will receive a (EURO)2.5mn loan for lending to small and medium-sized enterprises (SMEs) and corporates. The first bank to benefit from GEFF in Armenia was Ameriabank.  

The EBRD said it is stepping up its efforts to strengthen energy efficiency in Armenia. Funding will be available for investments in green technology, especially in climate adaptation and mitigation technologies, the EBRD said.  

The development bank went on to outline potential investment areas, which include thermal insulation, photovoltaic solar panels, geothermal heat pumps and water efficient irrigation systems.  

"Developing the financial sector and improving access to green finance is one of our key priorities in Armenia. We are pleased to work with Ameriabank and ArmSwissBank to support both energy efficiency and water resource efficiency investments," commented the EBRD's head of Armenia, Dmitri Gvindadze, according to a statement from the bank.  

"Today, we have partnered with the ArmSwissBank which has a strong client base, and so we can better reach out to private sector players both in Yerevan and the regions."
 

«Թավշյա հեղափոխությունից» ամիսներ առաջ ՀՀ-ից դուրս է բերվել շուրջ 500 մլն դոլար գումար
/Feb 22/Verelq.am/                                                                                                                               

Համաձայն Tradingeconomics-ի տվյալների Հայաստանում « թավշյա հեղափոխությունից » ամիսներ առաջ դուրս է բերվել շուրջ 500 մլն դոլար գումար:

Սա համացանցում ու փորձագետների շրջանում տարաբնույթ մեկնաբանությունների առիթ է դարձել : Ոմանք անգամ կասկածում են, որ խոշոր բիզնեսն իմացել է սպասվող քաղաքական թեժ իրադարձությունների մասին կամ որոշակի պայմանավորվածություն է եղել:

«ՀՀ-֊ից կապիտալի արտահոսքի շատ հետաքրքիր տվյալներ են։ Հետաքրքիր է ինչպես է ստացվում, որ « հեղափոխությա » նախօրեին մոտ 500մլն գումար է երկրից դուրս գալիս։ Բիզնեսը բացառիկ քաղաքական հոտառություն ունի՞», – հարց են հնչեցնում մեկնաբանները:

Selon les données de Tradingeconomics, environ 500 millions de dollars ont été retirés il y a quelques mois de la "révolution de velours" en Arménie.

/Feb 22/Verelq.am/

Cela a provoqué divers commentaires sur le Web et des experts. Certains soupçonnent même que les grandes entreprises ont été informées des événements politiques à venir ou ont pris des dispositions.

"Il existe de nombreuses données intéressantes sur les sorties de capitaux de la RA. Fait intéressant, comment se fait-il environ 500 millions de drams avant la révolution ? L’entreprise a un flair politique unique ", ont commenté des commentateurs.
 

Inecobank and Blue Orchard Microfinance Fund sign 15 million USD bond agreement
/Feb 27/ArmenPress.am/

YEREVAN – Inecobank CJSC and Blue Orchard Microfinance Fund signed a subordinate debt facility agreement in the amount of 15 million USD with a seven-year maturity period on February 27, ARMENPRESS was informed from Inecobank CJSC.

“Today Inecobank, as a leading bank in Armenia in attracting funds from foreign institutions, has a highly diversified funding structure both by liabilities and share capital” points out Tigran Davtyan, CEO of Inecobank.

As reported by the bank, the funds attracted will be directed to financing the bank's overall activities, as well as will contribute to the growth of the bank's credit portfolio, in particular focusing on the SME segment.

“We highly value our lasting cooperation with Blue Orchard Microfinance Fund, which provides subordinated loan in Armenia for the first time. Such a long-term and productive cooperation with foreign financial institutions comes to testify the high level of trust towards Inecobank, which has been achieved thanks to the Bank's excellent financial performance and the high standards of corporate governance practices at the Bank", sums-up Mr. Davtyan.

A subordinated loan is a more flexible tool that enables to manage the Bank's assets and liabilities, mainly increasing the effectiveness of capital management. With the involvement of this subordinated loan, Inecobank’s regulatory capital will make up AMD 50 billion, which will improve the position of Inecobank in the market, thus ranking it among the most capitalized banks in Armenia's banking system.

CJSC Inecobank CJSC is one of the leading banks in the South Caucasus region, focused on individual customers, small and middle market businesses and large corporations offering a full range of banking services including break through and innovative digital banking solutions. For over 23 years the bank has been providing unmatched convenience in Armenia serving more than 400 000 customers and over 150 000 online users. Inecobank developed and delivered industry-leading digital banking solutions with the purpose of introducing an entirely new culture of banking services. • In 2009 the Bank digitalized and fully automated the “Point of Sale Loan” product, reducing the loan generation time from 3-4 days to a few minutes. • In 2012, with the introduction of InecoOnline, the Bank was one of the first to provide 24/7 banking services to its customers. • In 2014 the Bank launched InecoMobile, its Mobile banking application, which is the most popular banking application in Armenia with over 100,000 users. • In 2017, the Bank was the first to introduce a fully automated consumer lending solution through its mobile and online applications, which generates consumer loans 24 hours a day, 7 days a week. • In 2018, the Bank was the first banking institution in Armenia to introduce InecoPay, the cashless payments new system

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