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Daily Archives: Jun 22, 2012

Average interest rate on individual deposits in Armenian banks in May was 8.9%

The average interest rate on individual savings deposits in Armenian banks in May this year was 8.9%, down 0.1 percentage points from April, the Central Bank of Armenia said in a statement posted on its official website

Armenian economy ready to face consequences of possible turmoil at global markets: Finance minister

The Armenian economy is ready to face the consequences of a possible turmoil at global markets, finance minister Vache Gabrielian said Friday

Armenian Central Bank to put into circulation new banknotes

The Armenian Central Bank said today it will put into circulation new banknotes on June 25 with face value of 5000, 10,000 and 20, 000 drams

Armenian Armeconombank awarded quality excellence certificate by German Commerzbank AG

Armenian Armeconombank was awarded a certificate of quality excellence by German Commerzbank AG for faultless handling of international remittances in 2011

Russian government confirms plans to sell stakes in top ten state-owned companies

The Russian government confirmed its plans to sell the stakes of the top ten state-owned companies in 2012-2013 under orders published on Friday, RIA Novosti reported

Consumer loans provided by 21 commercial banks of Armenia increase by 3.1% in April from March

The volume of consumer loans provided by 21 commercial banks of Armenia stood at over 10.6 billion drams in late April

Armenia may default in 2013: Opposition lawmaker warns

An MP from the opposition Armenian National Congress (ANC) warned today that in 2013 Armenia’s government may default

Bad loans affecting Armenian banks performance: Weekly

It seems that this year is not going to be as successful for Armenian banks as the past year, Delovoy Express (Business Express) Russian-language weekly says in a story

Anelik bank reduces tariffs for VISA and Mastercard

Anelik Bank CJSC said it had reduced tariffs for international cards Visa and MasterCard

Moody’s cuts ratings of 15 banks

Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets