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.
FINTECH360 International Conference will be held in April in Yerevan
Unibank has completed the placement of a subordinated bonds issue totaling USD 10 million. The bonds will be listed on the Armenian Securities Exchange.
Unibank’s new branch «Zoravar Andranik» has started servicing clients.
Converse Bank is pleased to announce that Grant Akopian, its Deputy CEO and CFO, has been elected to the Board of Directors of the Banking Association for Central and Eastern Europe (BACEE). This prestigious appointment reflects Converse Bank’s commitment to regional collaboration and strengthening the financial sector in Central and Eastern Europe.
We are pleased to announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP.
As a result of a new collaboration between Acba bank and the International Finance Corporation (IFC), Acba bank will allocate $50 million to finance and develop micro, small, and medium enterprises (MSMEs) in Armenia.
Converse Bank and the International Finance Corporation (IFC) are collaborating to enhance access to finance for small and medium-sized enterprises in Armenia. As part of this partnership, IFC will provide an unfunded risk sharing facility that covers 50% of the credit risk on a loan portfolio of US$ 10 million equivalent, enabling Converse Bank to expand its lending capabilities to SMEs.
Converse Bank has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
Unibank announces subordinated bonds issue equal to USD 10 million. The annual coupon rate is 6.25%, the maturity of the bonds – 7 years. The coupon income will be paid quarterly.
