Moody’s has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable. The bank’s Baseline Credit Assessment (BCA) and Adjusted BCA have been upgraded to b2 from b3, long-term local and foreign currency Counterparty Risk Ratings (CRRs) to B1 from B2, and the long-term Counterparty Risk Assessment (CR Assessment) to B1(cr) from B2(cr). In addition, Moody’s affirmed the Not Prime (NP) short-term local and foreign currency bank deposit ratings, NP short-term local and foreign currency CRRs and the NP(cr) short-term CR Assessment.
Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC’s Regional Industry Manager, Financial Institutions Group, Europe, Etleva Koka and Converse Bank’s CEO, Chairman of the Executive Board Andranik Grigoryan. It aims at strengthening Bank’s support for importers and exporters in Armenia and enhancing the Bank’s capacity to facilitate international trade, improve access to global markets, and provide better financing solutions for its customers involved in trade worldwide.
Unibank has announced the launch of its new promotional campaign “Become a Millionaire,” which will run through September 12, 2025. Participants will have the chance to win valuable prizes, including certificates worth 1 000 000 AMD, iPhone 16 Pro or Samsung Galaxy S25 Ultra smartphones, concierge service.
Converse Bank and the European Bank for Reconstruction and Development (EBRD) signed two loan agreements totaling US$ 8 million during the EBRD’s Annual Meeting in London.
“Green finance is one of the strategic priorities of our Bank. To achieve our ambitious goals, we are continuously developing and expanding cooperation in various formats with international financial institutions under our sustainability strategy. This initiative is another important step in that direction. Through the agreement with ADB, we will be able to enhance our institutional capacities and offer innovative green solutions that will help our clients transition toward more sustainable and socially responsible operations,” said Mr. Grant Akopian, CFO of Converse Bank.
Taking part in the conference is a great opportunity to explore the strategies of market leaders driving business breakthroughs. Engaging discussions, a relevant program, diverse cultural events, and active networking create the perfect environment for exchanging ideas and insights.
Ucom’s General Director, Ralph Yirikian, spoke at the Armenian Businessman 2025 event, organized by the First Armenian Business School in celebration of Businessman’s Day. During his speech, Ralph Yirikian discussed personal growth, development, and the importance of change, sharing principles of success based on his personal experience and career journey. “It is a great honor […]
The most anticipated digital forum in Armenia is back. On April 3, Yerevan will once again host the Doing Digital Forum (DDF), bringing an even more compelling and comprehensive agenda. The forum’s third edition, titled “The Future of Money: Economic Impact,” will explore the rapid evolution of financial systems, the growing influence of digital currencies, and the transformative power of blockchain and AI-driven technologies. By convening global experts, industry leaders, and policymakers, the forum will drive high-level discussions on the future of financial ecosystems and Armenia’s role in the global digital economy.
Four companies under the “Badalyan Brothers” Group of Companies have secured spots on Armenia’s list of top 1,000 taxpayers for 2024. The group contributed a total of 26.017.541.000 AMD in taxes, including payments made the founders.
From providing a truck to any location in China, to formalizing export procedures and delivering goods at transit checkpoints, all the way to the final destination specified by the customer, the entire shipment process is managed by our team. We have members not only in Armenia, but also in China and other transit countries. Numerous factors influence delivery times, and due to this fact, cargo from Shanghai to Armenia can arrive in 20 to 30 days,” said Nikoghosyan.
