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  • Archive for November, 2010

    Total liabilities of Armenian insurance companies rise by 25.46% to 7.8 billion drams

    Monday, November 22nd, 2010

    The total liabilities of Armenian insurance companies rose by 25.46% in the third quarter of 2010 or by 1.6 billion Drams to 7.8 billion Drams.

    Armenian commercial banks buy $70.4 million at local market November 15-19

    Friday, November 19th, 2010

    Armenian commercial banks bought a total of $70.4 million at the local foreign exchange market November 15-19 at an average weighted exchange rate of 361.22 Drams per one USD, the Central Bank of Armenia said.

    Combined assets of Armenian insurance companies grow 15.52% to 20.5 billion drams

    Friday, November 19th, 2010

    The combined assets of Armenian insurance companies grew 15.52% or 2.8 billion Drams in the third quarter of 2010 to 20.5 billion Drams.

    Armswissbank Launches New Investment Website

    Friday, November 19th, 2010

    ArmSwissbank CJSC announces the launch of a new investment website – invest.armswissbank.am.

    Next year inflation will be within projected 4±1.5%: Central bank governor

    Thursday, November 18th, 2010

    Chairman of Armenia’s Central Bank, Arthur Javadian, said today the inflation in 2011 will be within the projected target of 4±1.5%.

    HSBC Bank Armenia increases size of its corporate loan book by amd24.5bn in first 9 months of this year

    Thursday, November 18th, 2010

    HSBC Bank Armenia increased the size of its corporate loan book by AMD24.5Bn in the first 9 months of this year, the bank’s pres office reports.

    Bank VTB (Armenia) reduced the rates of dram credits for small business

    Wednesday, November 17th, 2010

    Bank VTB (Armenia) announced about the reduction of percent rates of dram credits for small business by 3-4%.

    Armenian ministry of finance: Armenia could manage to maintain macroeconomic stability during crisis

    Wednesday, November 17th, 2010

    Government of Armenia could manage to maintain macroeconomic stability in the period of crisis, said Armenian Minister of Finance Tigran Davtyan.

    Premier: Armenian government to make every effort to return to stable economic development policy

    Wednesday, November 17th, 2010

    Armenian government will make every effort to return to the stable economic development policy, Prime Minister Tigran Sargsyan said Wednesday in the National Assembly.

    Areximbank-gazprombank group receives 500 applications for special one-time stipends

    Wednesday, November 17th, 2010

    Areximbank-Gazprombank Group said today it has received 500 applications from Armenian students wishing to win one of its one-time stipends.