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  • Archive for June 22nd, 2012

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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

    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

    Friday, June 22nd, 2012

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

    Moody’s cuts ratings of 15 banks

    Friday, June 22nd, 2012

    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