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Finance International

“Unibank Joins BACEE to Expand International Presence and Enhance Cooperation”

“Unibank” CJSC has joined the Banking Association for Central and Eastern Europe (BACEE). This membership provides the bank with the opportunity to participate in various events organized by BACEE. These events include meetings with colleagues, training courses, and access to information and data from BACEE’s extensive database.

Mesrop Hakobyan, the Chairman of the Board of Unibank, stated that they are pleased to cooperate with BACEE and utilize their practical experience and solutions for their international activities. Unibank is committed to establishing partnerships with foreign banks and expanding its presence in international markets.

The main goal of BACEE is to enhance cooperation between member banks and their European and global business partners. Istvan Lengyel, the CEO of BACEE, expressed his happiness in cooperating with Unibank and supporting the development of the banking system in Armenia. He also stated that they hope membership in BACEE will open up new opportunities for the bank in international markets.

According to News.am on Telegram, Unibank’s membership with BACEE signifies their dedication to growth and their aspiration to establish strong connections within the international banking community.

Freelance journalist specializing in the underrepresented stories of the Russian far east.
Finance

Fast Bank Offers High Yield Bonds with Guaranteed Deposit Protection by 2024 Fast Bank, one of Armenia’s leading financial institutions, is set to distribute 100,000 Armenian drams in nominal coupon bonds with an attractive annual yield of 11.25%. With a total volume of 1,000,000,000 Armenian drams, this series of bonds presents a lucrative investment opportunity. Investors can conveniently purchase the nominal coupon bonds from 32 branches of Fast Bank or through other service-providing companies like “Dynamics” CJSC. Interested individuals must submit their applications and transfer the required amount to the provided account number by February 27, 2024, at 15:30. To acquire these bonds, individuals need to present their ID cards, tax identification numbers for legal entities, and bank account details. The bank assures customers that the transfer of “Physical persons’ Bank deposits” will be guaranteed by the Bank and Guaranteed Deposit Protection Fund, in compliance with the RA Law “On Deposit Insurance.” Notably, the interest earned from these bonds is exempt from mandatory taxation for physical persons, making it an even more attractive investment option. The program for Fast Bank’s nominal coupon bonds has been officially registered by the RA CBA President and can be accessed, along with its final terms and conditions, for download on the bank’s website. With this enticing offer, Fast Bank aims to provide investors with a secure and high-yield option to grow their wealth. Don’t miss out on this opportunity, grab your bonds now!