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  • Archive for June 25th, 2012

    Spain formally request EU’S bailout

    Monday, June 25th, 2012

    Spain formally requested a bailout for its banks as it negotiated details of the aid, including which European rescue facility would be used for the 100 billion-euro ($125 billion) lifeline

    Surplus earnings of Armenian banks in the first four months slash 20.4%

    Monday, June 25th, 2012

    Surplus earnings of 21 Armenian commercial banks in the first four months of 2012 dropped by 20.4% from a year earlier to 8.2 billion drams, the Central Bank of Armenia reported

    Bank VTB (Armenia) launches credit offer "10:0" for small business clients

    Monday, June 25th, 2012

    The Russian-owned Bank (VTB Armenia) has launched a new credit offer called ’10:0’ designed for lending to small businesses, the bank told ARKA

    Armenian crediting organizations’ assets up by 1.2 percent in April

    Monday, June 25th, 2012

    Armenia’s crediting organizations’ assets upped by 1.2% in April 2012 from the previous month to a total of 134.8 billion drams, the Central Bank of Armenia said in a report posted on its official website

    Austrian Development Bank and BSTDB sign 30 million Euro loan agreement to finance private sector projects in the region

    Monday, June 25th, 2012

    The Austrian Development Bank and the Black Sea Trade and Development Bank (BSTDB) signed on Sunday in Yerevan a loan agreement worth 30 million euros

    Armenian Ardshininvestbank to receive $8 mln from BSTDB for mortgage lending

    Monday, June 25th, 2012

    The Black Sea Trade and Development Bank (BSTDB) and Ardshininvestbank signed $8-million credit agreement on Sunday. The money will be directed to mortgage lending

    Armenia: Forex market review, June 18-22

    Monday, June 25th, 2012

    Last week the cost of USD at NASDAQ OMX Armenia stock exchange climbed by 1.05% to 419.18 drams as overall weekly trading amounted to $13.34 million

    Armenian commercial banks buy nearly $75.8 mln at local forex market last week

    Monday, June 25th, 2012

    Armenian commercial banks bought nearly $75.8 million at the local forex market on June 18-22 at the average exchange rate of 415.63 drams per $1, the Central Bank of Armenia told ARKA