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    October 2012
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  • Archive for October 24th, 2012

    World bank provided $50 million to Armenia’s SMEs

    Wednesday, October 24th, 2012

    The World Bank has provided Armenia with $50 million for the development of small and medium enterprises (SMEs) , deputy governor of the Central Bank of Armenia Nerses Yeritsyan

    Armenian farmers provided $30 million loans through universal crediting organizations

    Wednesday, October 24th, 2012

    The project office for implementation of projects, affiliated with Armenia’s ministry of finance, has provided farmers across the country with more than $ 30 million in loans to finance about 1,056 programs, the office told ARKA

    3Q total liabilities of Armenia’s banks grow 12.83% to AMD 1,902.1 bln

    Wednesday, October 24th, 2012

    The total liabilities of Armenian banks climbed by 12.83% to 1,902.1 billion drams as of 31 September 2012 from earlier this year

    Bank VTB (Armenia) files involuntary bankruptcy against parliament member

    Wednesday, October 24th, 2012

    Bank VTB (Armenia) filed an involuntary bankruptcy against an Armenian parliament member, the bank’s press service reported Wednesday

    Aggregate assets of Armenian banking system grow 11.71% to 2,296.7 bln drams by end September

    Wednesday, October 24th, 2012

    Aggregate assets of Armenian banking system grew by 11.71% in the 3rd quarter of 2012 and totaled 2,296.7 billion drams by the end of September

    IMF to grant Armenia $42 mln in soft loan to trim deficit

    Wednesday, October 24th, 2012

    The International Monetary Fund (IMF) will allocate 27mln SDR (about 42mln USD) additional funds to