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Archive for June 11th, 2010

Armenian banks’ retained income in q 1 rises to 6.8 billion drams from 1.1 billion drams in q 1 , 2009

Friday, June 11th, 2010

Armenian banks’ retained income in the first quarter of 2010 rose to 6.8 billion Drams from about 1.1 billion Drams in the first quarter of 2009.

Total of $232.9 million worth non-commercial remittances sent to individuals in Armenia from Russia in Jan.-April

Friday, June 11th, 2010

A total of $232.9 million worth non-commercial remittances were sent to individuals in Armenia from Russia in the first four months of 2009, by 11.9% more than in Jan.-April 2009 ($208.1 million), the Central Bank of Armenia said in its monthly bulletin for April, posted on its official website.

EFSE provides USD 10 million loan to Armenia’s converse bank for small business lending

Friday, June 11th, 2010

The European Fund for Southeast Europe (EFSE) signed a loan agreement of USD 10 million with Armenia’s Converse Bank for on-lending to small business in Armenia June 9 during its annual meeting in Ohrid, FYR Macedonia.