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.

ARMSWISSBANK CJSC was awarded the "Most Active Issuing Bank in 2018 in Armenia" by the European Bank for Reconstruction and Development (EBRD), at their annual meeting held in Sarajevo on May 7, 2019.

This award comes to attest the Bank’s successful and year by year growing activity within the scope of Trade Finance with EBRD. Currently, ARMSWISSBANK has USD 15 mln limit approved by EBRD. Moreover, the Bank was awarded a status of “Confirming Bank” in July 2014, within the framework of Trade Facilitation Program (TFP).

Within the framework of the annual Award Ceremony organized by the Armenian Stock Exchange (AMX) and the Central Depository "ARMSWISSBANK" CJSC has been awarded "Exchange Member in the Corporate Securities Market 2019" and "Member of Stock Exchange Settlement System 2019".

At the same time, it is worth mentioning that "ARMSWISSBANK" CJSC was recognized as "The Best Exchange Member in the State Bonds Market" in 2010, and "The Best Stock Exchange Member", as well as "Exchange Member in the Corporate Securities Market" and "Member of Stock Exchange Settlement System" in 2015.

ARMSWISSBANK has been awarded by Frontclear, one of the world's leading financial market development companies for cross-currency repo transactions amounted AMD 6.6 bln (USD 13.5 mln) within the scope of the Global Master Repurchase Agreement (GMRA) signed between the EBRD and ARMSWISSBANK in January 2018. Frontclear acted as a guarantor of the mentioned transactions.

It is worth mentioning, that for the first time in Armenian financial market ARMSWISSBANK implemented cross-currency repo transaction with the financing of EBRD and attracted funds covered by Armenian government US Dollar denominated Eurobonds.

ARMSWISSBANK and the International Investment Bank have signed a framework agreement within the scope of Trade Finance Support Program following the approval by the IIB of a EUR 2 mln trade finance limit for ARMSWISSBANK. Collaboration will enable the Bank to offer its customers TFP products on more competitive terms.

Within the framework of trade financing, the Bank also cooperates with its traditional partners - EBRD, ADB and the Italian UBI Bank. At the same time, the Bank is continuously working to establish cooperation with other international organizations.

International Investment Bank founded in 1970. The member countries are Bulgaria, Hungary, Vietnam, Cuba, Mongolia, the Russian Federation, Romania, Slovakia and the Czech Republic. Rated BBB+ (outlook stable) by S&P, A3 (outlook stable) by Moody’s, BBB+ (outlook stable) by Fitch and A (outlook positive) by Dagong. The IIB is focused on medium- and long-term financing of projects aimed at supporting the development of the economies of IIB member countries with positive social, environmental and economic impacts. The Bank provides loans directly, in cooperation with other financial institutions, or through partner banks.

With the financing of EBRD, ARMSWISSBANK has attracted funds covered by Armenian government US Dollar denominated Eurobonds. The transaction was guaranteed by Frontclear, one of the world's leading money market company.

The transaction has a strong demonstrative effect on local financial markets since it was implemented within the framework of the Global Master Repurchase Agreement (GMRA) signed between the EBRD and ARMSWISSBANK in January 2018, which allows the parties to conclude repo deals with each other.

Details- https://bit.ly/2GmeIyX