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    November 2012
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  • Archive for November, 2012

    ARKA News Agency releases 3rd Q 2012 press rating of Armenian Banks

    Friday, November 30th, 2012

    ARKA News Agency has released the 3rd Q 2012 press rating of 21 Armenian commercial banks, where Anelik Bank, VTB Bank (Armenia), Araratbank, Ameriabank and HSBC Bank Armenia are leaders

    Armenia’s Central Bank stops rating Armavia and Valetta

    Friday, November 30th, 2012

    Armenia’s Central Bank told ARKA Friday it had stopped rating two companies

    Delovoy Express: Armenian banks should make every effort to bar their H1 from falling

    Friday, November 30th, 2012

    Armenian banks are gradually lowering their capital adequacy H1, and this may hobble development of the country’s banking sector already in 2013, according to Delovoy Express weekly

    Ameriabank becomes bank confirming letter of credit of Kazakhstan’s leading bank

    Friday, November 30th, 2012

    Ameriabank announced an unprecedented for the Armenian bank deal appearing not only as the bank issuing a letter of credit, but also the confirming bank

    Armenia reports 3.6% inflation in November year over year

    Friday, November 30th, 2012

    The inflation rate in November 2012 was 3.6% year over year mainly due to non-food prices hike at 5.8%, alcohol beverage and tobacco goods- 4.6%, and food- 3.8%, according to the National Statistical Service of Armenia

    Armenian banks’ lending to resident economy ups 0.2% to over AMD 1 449 bln in October

    Friday, November 30th, 2012

    . Lending to Armenia’s resident economy by the commercial banks rose 0.2% in October from September to over 1 449 billion drams as of 30 October, according to the data published on Central Bank’s website

    Armenia’s monetary base grows 6.3% to 641.6bln drams in October

    Friday, November 30th, 2012

    Armenia’s monetary base grew by 6.3% or more than 37.7bln drams to about 641.6bln drams in October against September, the National Statistical Service (ArmStat) reported

    ACBA-CREDIT AGRICOLE BANK joins Xpress Money

    Thursday, November 29th, 2012

    ACBA-CREDIT AGRICOLE BANK joined Xpress Money international money transfer system, the bank told ARKA

    Areximbank-Gasprombank Group records 42% increase in money transfers from individuals in 10 months of 2012

    Thursday, November 29th, 2012

    Interview with General Director of “Areximbank – Group of Gasprombank” closed joint stock company Ruben Khachatryan

    Average loan interest rate increased by 0.2p.p. to 14.6% in Armenia in October

    Thursday, November 29th, 2012

    Average interest rate on loans was 14.6% in Armenia in October, which is an increase of 0.2 percentage points against September, Armenia’s Central Bank reported