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Archive for June 24th, 2010

Armenia Doubles the Amount of Guaranteed Individual Bank Deposits

Thursday, June 24th, 2010

Members of the Armenian parliament have passed today in the second and final reading a set of changes to the Law on Guaranteed Individual Bank Deposits.

CBA Places 1 Billion Drams Worth Bonds

Thursday, June 24th, 2010

Armenia’s Central Bank said it has placed today short-term treasury bonds of AMGT52236112 series worth 1 billion Drams with a maturity period of 52 weeks.

Net Cash Inflow Into Armenian Banks In 1st Q 2010 Totals AMD 23.1 Billion

Thursday, June 24th, 2010

YEREVAN, June 24. /ARKA/. Net cash inflow into Armenian banks amounted to AMD 23.1 billion or about $60.2 million ($1 = AMD 384.08 exchange rate) in the first quarter of this year.
According to banks’ quarterly reports, their aggregate balance reached AMD 366.3 billion by late March against AMD 343.2 billion in the beginning of this [...]

Wb: Effect from Armenian Government’s Anti-Crisis Steps Already Visible

Thursday, June 24th, 2010

Pedro Rodriguez, a leading economist at the WB, thinks that the steps taken by Armenian government to buffer adverse impacts of the economic crisis have already produced visible results

Local crediting organizations expected to step up their activity in several months

Thursday, June 24th, 2010

A senior official of Armenia’s Central Bank said today local crediting organizations are expected to step up their activity in several months.

Foreign investors interested in Armenia’s securities

Thursday, June 24th, 2010

Foreign investors are interested in Armenia’s developing securities market, Nasdaq OMX Armenia stock exchange executive director Armen Melikian said today in comments on the VII CIS and Baltic Region Bond Congress that will be held in Yerevan on July 1 and 2, 2010.