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  • Archive for March 20th, 2013

    EBRD does not expect deterioration in Armenian banking sector because of increasing share of "Bad" loans: Razlog says

    Wednesday, March 20th, 2013

    The European Bank for Reconstruction and Development (EBRD) does not expect a strong deterioration in the Armenian banking sector because of increasing share of “bad” loans owed by small and medium businesses, head of EBRD Yerevan Office Valeriu Razlog told reporters on Wednesday

    Net profits of Armenian insurance companies last year slash by 54 percent

    Wednesday, March 20th, 2013

    Total net profits of Armenian insurance companies in 2012 slashed by 54% from a year earlier to about 961.1 million drams.

    Economic activity in Armenia ups 8% over two months in 2013

    Wednesday, March 20th, 2013

    Economic activity in Armenia rose by 8% in January-February 2013 from the same period a year earlier, according to the National Statistical Service of Armenia

    Anelik Bank’s cardholders to get 10-15% discounts in Kargin Optics and Nimfa stores

    Wednesday, March 20th, 2013

    Kargin Optic eyeglasses salon and Nimfa shoes shop joined “Discount network” of Anelik Bank

    VTB Bank (Armenia) enables its customers to submit loan applications via Internet-banking

    Wednesday, March 20th, 2013

    VTB Bank (Armenia) updated its Internet-banking service rolling out another opportunity for its customers – now they can submit their loan applications via Internet-banking service, the bank told ARKA on Wednesday

    German Finance Minister regrets Cypriot rejection of Euro-zone deal: WSJ

    Wednesday, March 20th, 2013

    German Finance Minister Wolfgang Schaeuble said he regrets the rejection of an international bailout by the parliament of Cyprus, but said the euro zone’s offer to provide aid to the island nation still stands

    AMD broke through 415 drams per $1 despite forecasts

    Wednesday, March 20th, 2013

    Despite all the forecasts of the last week, an average rate of the Armenian dram broke through 410-415 drams and rushed to the new high of 420 drams per $1