IFC, a member of the World Bank Group, with the support of the Government of Canada, is helping HSBC Bank Armenia expand its financing of renewable energy and energy efficiency projects
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Archive for June, 2012
IFC, Canada, and HSBC support environmentally friendly projects in Armenia
Tuesday, June 26th, 2012Armenian commercial banks’ aggregate credit investments in resident economy grow 3.6% to AMD 1372.4 billion in May
Tuesday, June 26th, 2012Armenian commercial banks’ aggregate credit investments in the resident economy reached more than AMD 1372.4 billion in late May after growing 3.6% since late April
Mortgage lending by armenian banks grows to 116.8 billion drams by late May
Tuesday, June 26th, 2012The volume of mortgage loans provided by Armenia-based 21 commercial banks totaled more than 116.8 billion drams at the end of May, having increased by 2.7% from April
First Armenian-Georgian financial markets forum to be held in Yerevan
Tuesday, June 26th, 2012On June 29, 2012 NASDAQ OMX Armenia will host the 1st Armenian-Georgian Financial Markets Forum in Dilijan, Armenia
Gold prices go up in Armenia
Tuesday, June 26th, 2012The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for the current week
Banks’ assets/ GDP ratio reports 54.1% in Armenia last year
Tuesday, June 26th, 2012The ratio of banking assets to GDP of Armenia was 54.1% as of 2011 against 44.5% in 2010, according to the data published on Armenian Central Bank’s website
Spain formally request EU’S bailout
Monday, June 25th, 2012Spain 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, 2012Surplus 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, 2012The 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, 2012Armenia’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
