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    October 2012
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  • Archive for October, 2012

    ACBA CREDIT AGRICOLE BANK offers extra 0.1 percent interest rate for all deposits

    Wednesday, October 31st, 2012

    ACBA-CREDIT AGRICOLE BANK said it will offer a higher interest rate for all deposits that will be placed in the bank from October 31 by using ONLINE ACBA system

    Ardshininvestbank’s net profit doubled to AMD 3.2 bln in 9 months 2012

    Wednesday, October 31st, 2012

    Ardshininvestbank’s nine-month net profit rose almost twice in 2012 from the analogical period a year earlier to 3.2 billion drams, the bank said

    VTB Bank (Armenia) offers “Savings day” deposits at 14.5% interest rate on Oct 31 only

    Wednesday, October 31st, 2012

    All interested individuals can open “Savings day” AMD deposits at 14.5% interest rate for the period from 91 to 730 days at

    Reformatted VTB Bank (Armenia) branch re-opened in Giumry

    Wednesday, October 31st, 2012

    Bank VTB (Armenia) re-launched its branch office in Giumry after reformatting

    Armenian government calculates 2013 budget performance risks

    Tuesday, October 30th, 2012

    Armenia’s 2013 draft government budget contains, for the first time, a section with specific calculations of possible impacts of risks on budget performance

    2013 Armenian budget tax and state duty revenue by AMD 118.6 billion larger than previous year’s

    Tuesday, October 30th, 2012

    Armenia’s tax and state duty revenue is projected at AMD 992.9 billion in the 2013 government budget

    European market not perspectives for Armenian jewelry- AJA President

    Tuesday, October 30th, 2012

    Armenian jewelers are not focusing on the European market today, as it is not perspective for them due to the crisis, a president of Armenian Jewelers Association (AJA) Gagik Gevorgyan said Tuesday

    Deposits to Armenia’s banks up 3.7% to over AMD 1165 bln late September

    Tuesday, October 30th, 2012

    The volume of deposits to Armenia’s commercial banks totaled in over 1 165 billion drams as of late September, 3.7 percent up from August, according to the data published Tuesday on Armenian Central Bank’s website

    Gold price down in Armenia

    Monday, October 29th, 2012

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry

    Belgian Incofin Investment Management acquires 10% of Armenian Araratbank

    Monday, October 29th, 2012

    Armenian Araratbank will sell 10 percent if its shares to Belgian Incofin Investment Management