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  • Archive for March, 2010

    Armenian economy may grow by 2%, HSBC Bank Armenia

    Friday, March 26th, 2010

    HSBC Bank Armenia CEO, Astrid Clifford, said today Armenian economy may grow this year by 2%.

    HSBC Group invests $100 in climate partnership

    Friday, March 26th, 2010

    HSBC Group has invested $100 million since 2007 in fighting the effects of climate change, HSBC Bank Armenia CEO, Astrid Clifford, said today.

    Armenian Central Bank placed state (treasury) short-term coupon bonds in the amount of 420 million drams

    Friday, March 26th, 2010

    On Friday Armenian Central Bank placed short-term state treasury coupon bonds in the amount of 420 million drams. 26-week bonds of the series AMGT26249100 were placed.

    Some 70 ATMs in demand in Armenia every year

    Thursday, March 25th, 2010

    Some 70 ATMs are in demand in Armenia every year, Igor Kudrin, executive director of Lanit Russian company’s banking technologies division, said at a press conference on Thursday.

    Dram/dollar exchange rate to range between 410 and 425 drams per dollar in 2010

    Thursday, March 25th, 2010

    Arsen Ghazaryan, chairman of the Union of Manufacturers and Businessmen of Armenia, finds the dram/dollar exchange rate ratio ranging between 410 and 425 drams per one dollar normal for 2010.

    EBRD to present corporate governance code in April 2010 in Armenia

    Thursday, March 25th, 2010

    European Bank for Reconstruction and Development (EBRD) has accomplished development of a corporate governance code and will present it to Armenian companies, banks, regulating bodies and non-governmental organizations, Valeriu Razlog , head of EBRD Yerevan office said March 24 in Yerevan.

    Armenian population’s deposits in drams reduce 22.8% in 2009

    Thursday, March 25th, 2010

    Armenian population’s dram deposits in banks reduced 22.8% from AMD 216.9 billion in the beginning of 2009 to AMD 167.5 billion later that year.

    Converse bank revises service prices

    Thursday, March 25th, 2010

    Armenian Converse bank said it has revised prices of servicing its credit cards to make them more available to clients.

    HSBC Bank Armenia joined the "Earth Hour" initiative

    Wednesday, March 24th, 2010

    HSBC Bank Armenia joined the action “Earth Hour” initiative.

    World Bank to lend $35 to 40 million to Armenia this year for recovering roads

    Wednesday, March 24th, 2010

    World Bank to lend $35 to 40 million to Armenia this year for recovering roads