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  • Archive for November 9th, 2011

    2012 Budget Deficit Poses No Threat To Armenia’s Macroeconomic Stability

    Wednesday, November 9th, 2011

    Gagik Minasyan, chairman of the National Assembly’s financial and budgetary committee, speaking Wednesday at a news conference, said that the 3.1% budget deficit projected for 2012 poses no threat to the country’s macroeconomic stability.

    Bank VTB (Armenia)’s lending to individuals increases by 31.4% in January-September

    Wednesday, November 9th, 2011

    Bank VTB (Armenia) said its lending to individuals increased by 31.4% in January-September 2011 (or by 10.7 billion drams) to 44.5 billion drams.

    Araratbank’s loan portfolio grows 38.67% to AMD 35 billion

    Wednesday, November 9th, 2011

    Araratbank’s loan portfolio has grown 38.67% or by AMD 9.8 billion since the beginning of this year, reaching AMD 35 billion by late September.

    A second wave of global crisis would have dramatic impact on money transfers to Armenia: expert says

    Wednesday, November 9th, 2011

    A second wave of global crisis would have dramatic impact on money transfers to Armenia: expert says.

    Credit portfolio of the branches of the banks in Karabakh as of November is 53.6 billion drams

    Wednesday, November 9th, 2011

    Credit portfolio of the branches of the banks in Karabakh as of November is 53.6 billion drams.

    HSBC Bank Armenia remains the largest taxpayer in banking system of Armenia

    Wednesday, November 9th, 2011

    HSBC Bank Armenia continues to maintain its leading position as the largest taxpayer in Armenian banking sector.