BUSINESS & ECONOMY

Second part of the interview with Philip Lynch, Independent Board Member at Ameriabank.

The street in the city of Masis named after the well-known benefactor and businessman, Hrant Vardanyan, the construction works of which started in February of 2020, was completely renovated at the expense of Mikayel and Karen Vardanyans. The street, at 3,2 km length, was completely demolished and rebuilt again. All water pipes passing under the street have been replaced. A new drainage network has been built.

Philip Lynch, Ameriabank’s Independent Board Member, has been in finance for over 30 years. His estimations and analysis of the Armenian economy are very interesting.

Following the results of 2020, Unibank became the leader in the number of provided POS loans. The bank’s share is nearly 20% of the total volume of the POS loan market.

The spring holidays are at full swing in Converse Bank. The Bank, in cooperation with its commercial retail partner Hermitage, comes up with a new surprise.

During the Women’s holidays, all “Woman’s Card” cardholders of Converse Bank will participate in a Cashback campaign by making non-cash purchases of 20,000 AMD or more at any point of sale. Based on their purchases, they can be entitled to up to 50,000 AMD in cashback.

The 13th issue of Unibank AMD denominated bonds was listed on the. The issue volume makes up 1 billion AMD with the annual 10,5% coupon yield. Taking into account the high demand from investors, the placement of bonds ended prematurely.

During the Women’s holidays, all “Woman’s Card” cardholders of Converse Bank will participate in a Cashback campaign by making non-cash purchases of 20,000 AMD or more at any point of sale. Based on their purchases, they can be entitled to up to 50,000 AMD in cashback.

Converse Bank has launched a comprehensive package of credit products for the rehabilitation and development of small and medium enterprises (SMEs), significantly improving the terms of some types of loans and launching an SME lending campaign.

Converse Bank is presented with the prestigious “Deal of the Year – Green Trade 2019” award by the European Bank for Reconstruction and Development (EBRD) under its Green Trade Facilitation Programme (Green TFP) for “encouraging best practices in industrial water efficiency in Armenia, with a water-savings impact equivalent to the annual water consumption of 220 Armenian households”.