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  • Archive for February 20th, 2010

    Small and medium entrepreneurship development national center fund, approved 296 million drams worth credit guarantees last year

    Saturday, February 20th, 2010

    In an exclusive interview with ARKA, Ishkhan Karapetyan, executive director of Small and Medium Entrepreneurship Development National Center Fund, said some 296 million Drams worth credit guarantees were approved for 57 SME companies last year, while its overall credit commitments amounted to 640 million Drams.

    Ten Armenian commercial banks ready to join new mortgage lending scheme

    Saturday, February 20th, 2010

    Ararat Ghukasian, chairman of the Association of Armenian Banks, said today 10 Armenian commercial banks said they are ready to join a government-backed program aimed at spurring the mortgage lending in the country.

    Procredit bank introduces single utilities payment system

    Saturday, February 20th, 2010

    Armenian ProCredit bank said it has introduced a single Utilities Payment system and all citizens living or working near a bank branch may drop in to pay their utilities.

    Some $50.8 million bought by Armenian commercial banks at intrabank forex market february 15- 19

    Saturday, February 20th, 2010

    A total of $50.8 million was bought by Armenian commercial banks at intrabank forex market in a time span between February 15- 19 at average weighted exchange rate of 380.61 drams per one USD, the Central Bank of Armenia said to ARKA.