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  • Archive for November, 2011

    Training and research center of Armenian Central bank to open in 2013

    Monday, November 28th, 2011

    During a Saturday visit to Tavush province Armenian President Serzh Sargsyan visited the construction site of the Dilijan Training and Research Center of the RA Central Bank, the presidential press service told ARKA.

    Armenian Arka news agency nominated by Europe business assembly for ‘best enterprises’ international award

    Monday, November 28th, 2011

    Armenian ARKA news agency has been nominated by Europe Business Assembly (EBA) for the International award “Best Enterprises” ‘for the dynamics of the company’s growth in its branch over 15 years of its operation,’ John Netting, Director General Europe Business Assembly, says in a congratulatory letter sent to ARKA executive director, Konstantin Petrosov.

    Total liabilities of credit organizations of Armenia in the third quarter of 2011 increased by 5.8% to 66.1 billion drams

    Saturday, November 26th, 2011

    Total liabilities of credit organizations of Armenia as of September 30, 2011 were over 66.1 billion drams, increased by 3.6 billion drams or 5.8% in the third quarter of 2011.

    Number of policies provided by the company “INGO Armenia” exceeds 67 thousand

    Saturday, November 26th, 2011

    Number of existing contracts of mandatory car insurance provided by the company “INGO Armenia” as of the end of October exceeds 67 thousand, said first Deputy of Executive Director of the insurance company “INGO Armenia” Arevshat Meliksetyan.

    About $73.6 million bought by Armenian banks between November 21 and 25

    Saturday, November 26th, 2011

    Banks sold $88.6 million at 384.61 drams per one dollar average exchange rate and bought about $73,6 million at 383.37 drams at Armenia’s intra-bank forex over a period between November 21 and 25.

    Calculation of efficiency of tariff policy by mandatory car insurance requires 3-5 years

    Saturday, November 26th, 2011

    For optimal calculation of efficiency of tariff policy by mandatory car insurance from three to five years is required, said first Deputy of Executive Director of the insurance company “INGO Armenia” Arevshat Meliksetyan.

    Araratbank announces new deposit for legal entities at 11.5% annual rate

    Friday, November 25th, 2011

    Armenian Araratbank has announced a new type of deposit for legal entities called “Ararat Business” at 11.5% annual interest rate.

    ADB approves $65 million loan for Armenia to help expand small and medium businesses

    Friday, November 25th, 2011

    ADB approves $65 million loan for Armenia to help expand small and medium businesses.

    Armenia’s national mortgage company planning second public offering for 2012

    Thursday, November 24th, 2011

    Armenia’s National Mortgage Company is planning the second public offering for 2012, Mher Yedigaryan, director general of the company, said on Thursday.

    Armenian banks’ lending to private companies grows 8% in 3rd Q to AMD 708.3 billion

    Thursday, November 24th, 2011

    Armenian banks’ lending to private companies grew by 8% in the third quarter to an overall 708.3 billion drams.