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  • Archive for February 2nd, 2010

    VTB Bank (Armenia) announced best bank cooperating with financial ombudsman’s office

    Tuesday, February 2nd, 2010

    Armenian Financial Ombudsman’s Office has announced VTB Bank (Armenia) the best bank cooperating with the office.

    About 50% of Armenian citizens skeptical about government’s bailout plan

    Tuesday, February 2nd, 2010

    About 50% of respondents surveyed on www.armbanks.am are sceptical about the government’s bailout plan.

    Armenian commercial banks report 43% drop in retained profits last year

    Tuesday, February 2nd, 2010

    Armenian commercial banks reported a 43% drop in their retained profits last year which fell to 15.4 billion Drams from 27 billion Drams in 2008. According to an ARKA analysis, 18 of 22 commercial banks closed last year with 17.1 billion Drams of profits.

    Nominal bonds of express credit liquidated on January 29

    Tuesday, February 2nd, 2010

    Nominal bonds of UCO Express Credit CJSC were discharged on January 29.

    Armenia’s GDP contracts by 14.4% in 2009: Statistics

    Tuesday, February 2nd, 2010

    Armenia’s GDP contracted by 14.4% in 2009, the country’s National Statistical Service said.

    In January 2010 compared with December 2009 inflation of 1.7% was registered

    Tuesday, February 2nd, 2010

    In January 2010 compared with December 2009 inflation of 1.7% was registered due to seasonal changes of prices of several kinds of provisions.