Daily Archives: Jul 9, 2010

Armenian Banks Buy $60.1 Million at Local Forex Market between July 6-9

Armenian banks bought a total of $60.1 million at the local forex market during a time span between July 6-9 at an average exchange rate of 367.54 Drams per one USD.

IFC and EBRD will allocate credit in the amount of &9 million to Armenian construction company “Elite Group”

IFC and EBRD will allocate credit in the amount of &9 million to Armenian construction company “Elite Group”

Consumer’s credits of the banks in the Armenian economy increased by 0.7%

Consumer’s credits of the banks in the Armenian economy increased by 0.7%

$308 million comes to Armenia from Russia in jan-may 2010 as individual noncommercial transfers

The Central Bank of Armenia says $308 million has come to Armenia from Russia over the period between January and May 2010 as individual noncommercial transfers.

Areximbank-gazprombank group prepares to shift to electronic circulation of documents

reximbank-Gazprombank Group is the first Armenian bank to launch the process of shifting to full electronic circulation of documents as part of a paperless strategy designed to improve document management.