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  • Archive for November 23rd, 2012

    Armenian company participate in HSBC’s Dubai-Ghosted international conference

    Friday, November 23rd, 2012

    An Armenian company participated in Dubai-hosted International Exchange conference, organized by HSBC Commercial Banking, HSBC Bank Armenia said in a press release

    Loan repayment system successful at VTB Bank (Armenia)- CEO Gusev

    Friday, November 23rd, 2012

    Loan repayment at VTB Bank (Armenia) proved to be more successful this year than a year earlier, Director General- Chairman of the Board of Directors at VTB Bank (Armenia) Yuri Gusev said in response to ARKA agency’s question

    Insufficient capitalization of banks in Armenia one of factors hobbling banking system development

    Friday, November 23rd, 2012

    Insufficient capitalization of banks in Armenia is one of the factors hobbling development of the country’s banking system, Yuri Gusev, VTB Bank (Armenia) CEO and chairman of the bank’s directorial board, said Friday at a news conference

    Armenian insurance companies net profits for nine months slash by 48 percent to 1.2 billion drams

    Friday, November 23rd, 2012

    Net profits of Armenian insurance companies in January-September 2012 contracted by 48 percent from a year before to about 1.2 billion drams

    Combined assets of Armenian insurance companies in Quarter 3 drop by 2.3 percent

    Friday, November 23rd, 2012

    The combined total assets of Armenian insurance companies in the third quarter of 2012 dropped by 2.3% from the previous quarter to over 37.9 billion drams, according to an analysis made by ARKA news agency

    ARKA News Agency publishes its “Insurance companies of Armenia” quarterly newsletter

    Friday, November 23rd, 2012

    ARKA News Agency published its regular quarterly newsletter “Insurance companies of Armenia” for the third quarter of 2012

    Top ten banks with highest paid jobs in Armenia

    Friday, November 23rd, 2012

    ARKA Agency has ranked ten Armenian banks with highest banking salaries as of the end of September, 2012.

    VTB Bank (Armenia) expects year-end earnings to rise to 4.5 billion drams

    Friday, November 23rd, 2012

    VTB Bank (Armenia) expects its year-end earnings to rise to 4.5 billion drams, its chief executive officer Yuri Gusev said today

    Average ROA of Armenia’s credit organizations hit 4.37% as of 30 September

    Friday, November 23rd, 2012

    The return on assets (ROA) of Armenia’s credit organizations reported 4.37% as of 30 September instead of the previous 4.73% as of June 30

    EBRD to allocate €10.3 million loan to Armenia for cross-border infrastructure modernization

    Friday, November 23rd, 2012

    The EBRD is financing the construction of a new bridge at Bagratashen, the main border crossing point between Armenia and Georgia