Daily Archives: Jan 27, 2011

Armenia has recovered from exceptionally sharp output contraction; EBRD report

EBRD report says Armenia has recovered from an exceptionally sharp output contraction during the crisis.

Armenian banks buy January 24-27 some $87.1 million and sell $91.5 million

Armenian banks buy January 24-27 some $87.1 million and sell $91.5 million

Weighted average rate of Armenian dram to US dollar is 362.26 for $1 on January 27, 2011

Mid-market rate of Armenian dram to US dollar in the stock market of Armenia reduced by 0.54 points on January 27, 2011 compared with January 26, 2011.

Bank VTB (Armenia) customer awarded 200,000 drams win

Robert Melik-Sahakian, a customer of Bank VTB (Armenia), was awarded Wednesday a 200,000 Drams (over $550) win.

Areximbank – Gazprombank Group CJSC’s net profit grows five times in 2010

Areximbank – Gazprombank Group CJSC’s net profit grows five times in 2010.

Converse Bank to start paying pensions by non-cash transactions

Converse Bank to start paying pensions by non-cash transactions.

Citibank provides two loan lines of $9 million to Armenian Ardshininvestbank

New York-based Citibank has provided two loan lines of $9 million to Armenian Ardshininvestbank.