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  • Archive for February, 2011

    Per-employee profit at Armenian banking system averages amd 3,729,000 in 2010

    Tuesday, February 22nd, 2011

    Per-employee profit at Armenian banking system averaged AMD 3,729,000 (about $10,000 at $1 = AMD 373.66 exchange rate) in 2010.

    Areximbank-Gazprombank group hosts the first group of children of bank’s employees

    Tuesday, February 22nd, 2011

    Areximbank-Gazprombank Group hosted today the first group of children of the bank’s employees at its head office for a familiarizing excursion around its premises, Elena Markova, an aide to the Bank’s CEO said, adding that the first try was quite successful.

    Armenian banks’ lending to industry increases 18% in Q4, 2010

    Tuesday, February 22nd, 2011

    Armenian banks’ lending to domestic industry increased 18% in the fourth quarter of 2010 to a total of 198.8 billion Drams.

    Dollar slips 0.61 p.p. Against Armenian Dram

    Monday, February 21st, 2011

    The U.S. dollar weakened by 0.61 percentage point against the national currency on Monday, compared with Friday, and traded at 365.22 drams

    Dollar Loses 0.75 p. p. At NASDAQ OMX Armenia Stock Exchange

    Monday, February 21st, 2011

    On Monday, the U.S. dollar lost 0.75 percentage point from its Friday’s value and traded at 364.5 drams at NASDAQ OMX Armenia Stock Exchange.

    Forex deals worth $61.04 million effected at NASDAQ OMX Armenia stock exchange in January

    Monday, February 21st, 2011

    Forex deals at NASDAQ OMX Armenia Stock Exchange totalled $61.04 million or AMD 22.3 billion in January.

    Central Bank of Armenia places 500 million drams worth state short-term treasury bonds

    Monday, February 21st, 2011

    Central Bank of Armenia places 500 million drams worth state short-term treasury bonds.

    Union of Armenian banks chairman disagrees with international lending organizations’ opinion

    Monday, February 21st, 2011

    In an interview with Kapital daily, Ararat Ghukasian, the chairman of the Union of Armenian Banks, disagreed with international lending organizations’ opinion that toughening risk management is a major problem of the country’s banking sector.

    Armenia’s foreign trade in 2011 January rise s by 2.3% from 2010 January to $321.5 million

    Monday, February 21st, 2011

    Armenia’s foreign trade in 2011 January rose by 2.3% as opposed to 2010 January, to $321.5 million or 117.3 billion Drams.

    Armenian economy expand 7.7% in 2011 January

    Monday, February 21st, 2011

    Armenia’s economy expanded by 7.7% in January this year as opposed to 2009 January.