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    February 2011
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  • Archive for February, 2011

    Central bank of Armenia (CBA) to place eight billion drams worth long-term government treasury bonds

    Monday, February 28th, 2011

    The Central Bank of Armenia (CBA) said today it will place eight billion Drams worth long-term government treasury bonds on March 10 and 17.

    Armenia’s Central Bank places 500 million drams short-term government bonds

    Monday, February 28th, 2011

    Armenia’s Central Bank said today it has placed 500 million Drams worth short-term government (treasury) bonds.

    VTB Bank (Armenia) offers its clients to buy insurance policies

    Monday, February 28th, 2011

    VTB Bank (Armenia) offers its clients to buy insurance policies, including voluntary insurance, the bank’s press office reported on Monday.

    Former premier: monopolies’ dominance in Armenia bars inflation from subsiding

    Monday, February 28th, 2011

    Hrant Bagratyan, a former Armenian prime minister, finds it necessary to phase out impacts of monopolies on markets to tame inflation.

    Combined liabilities of Armenian crediting organizations drop 4.6%

    Monday, February 28th, 2011

    Combined liabilities of Armenian crediting organizations dropped by 4.6% (2.5 billion Drams) in the fourth quarter of 2010, to 51.6 billion Drams.

    Ovsyannikov: VTB Bank (Armenia) Has No Intention To Open New Branches Now

    Friday, February 25th, 2011

    VTB Bank (Armenia) has no intention to open new branches for the time being, but it will discuss the matter, if necessary, said Valery Ovsyannikov.

    Armenian Banks Purchase $75 Million This Week

    Friday, February 25th, 2011

    Banks purchased $75 million at AMD 364.65 per one dollar at Armenia’s intra-bank forex over the period between February 21 and 25

    Ameriabank’s Individual Time Deposits Grew 69% Last Year To 26 Billion Drams

    Friday, February 25th, 2011

    Ameriabank said today the overall volume of its time deposits placed by individuals grew by 69% last year to 26 billion Drams.

    Combined credit investments of Armenian banks grew last year by 26.7%

    Friday, February 25th, 2011

    The combined credit investments of Armenian banks, including deposits, factoring and leasing, grew last year by 26.7% or 203.7 billion Drams to 993.9 billion Drams.

    Ingo-Armenia pays 9 million drams in January in compensation to its clients

    Friday, February 25th, 2011

    Ingo-Armenia insurance company said it had paid 9 million Drams last month in compensation to its clients who have bought its car insurances.