“ARMSWISSBANK” CJSC was selected as partner financial institution of European Investment Bank within the scope of the “Private sector financing for Small and Medium-sized Enterprises (SMEs) and MidCaps” program.

According to the report List of top 1000 large taxpayers and values of taxes paid by them by the results of January-March 2020 published by the State Revenue Committee, ARMSWISSBANK paid AMD 670 mln taxes in the first quarter of 2020, which is AMD 135 mln or 22% more than the indicator for the same period last year. Bank is in the 66th position in the list.

According to a loan agreement signed between “ARMSWISSBANK” CJSC and the Central Bank of Armenia, the Bank has joined the second phase of the Energy Efficiency for MSME loan program implemented by the KfW.

The statutory capital of "ARMSWISSBANK" CJSC has been increased through the placement of additional issued shares to support the further development of the Bank. Additional 2,079 shares were allocated that account for 14.25% of the statutory capital of the Bank. As a result the total number of Bank's allocated shares became equal to 16,667 shares, with the same face value per share of AMD 600,000. The statutory capital of the Bank (in face value terms) is equal to AMD 10,000,200,000.

Changes in the statutory capital of the Bank have been registered by the Central Bank of Armenia as prescribed.

The additional issued shares were acquired by “FMTM Distribution” LLC, which became the holder of 12.47% of total shares. The holder of the remaining 87.53% of shares is “HVS Holding” S.a.r.l. At the meantime, the well-known Swiss-Armenian businessman Vartan Sirmakes continues to be the Beneficiary owner of the 100% of the Bank's ordinary shares. As a result, the Bank's statutory capital (including emission income) amounts to over AMD 16.2 billion, and total capital exceeds AMD 60 billion.

We are pleased to inform that according to agency agreement signed between “Easy Pay” CJSC and “Armswissbank” CJSC the customers can make current and card account replenishments and loan / factoring repayments via Easy Pay terminals, as well as use Easy Wallet electronic wallet.

Transfers through Easy Pay system will provide customers with more flexibility and access to the services of the Bank.

Customers can transfer up to AMD 100,000 per transaction within one transaction with Easy Pay payment system with a commission fee of 300 AMD and with Easy Wallet up to AMD 200,000 per transaction in case of current and card account replenishment the commission for which will be 1% of the transaction amount and up to AMD 100,000 in case of loan / factoring repayment with a commission fee of 300 AMD.

Easy Pay is one of the largest instant payment system companies in Armenia, with 1600 terminals in Yerevan and other regions of Armenia.

On November 13, the official opening ceremony of the “ArSun 1-2” solar power plant took place in the Hrazdan, Kotayk region.

It was announced about the project just over a year ago, on November 14, during the event "Energy Week Armenia".

Armswissbank has obtained a loan amounting to USD 3 million and EUR 5 million and with a 5-year maturity from an private debt fund managed by leading impact asset manager responsAbility Investments AG. The funds will be used to increase the Bank's lending activities.

“We attach great importance to expanding partnerships with international financial institutions through the involvement of new partners. This is the first transaction between Armswissbank and responsAbility Investments AG and we are hopeful that the continued cooperation between our companies will contribute to providing more favorable credit conditions to our clients” said Executive Director of Armswissbank Gevorg Machanyan.

ARMSWISSBANK participated at “My Step for Tavush” investment business forum held in June 22-23 in Dilijan, Tavush province as sponsor.

During forum the potential of Tavush Province was presented, as well as, various large and small investment projects was proposed and discussed. After forum exhibition was held.

On June 5, ARMSWISSBANK CJSC bonds worth USD 5 million were listed on AMX Stock Exchange platform.

ARMSWISSBANK participates in Sustainable Finance Forum during May 22 – 23 in Yerevan, Armenia as sponsor.