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  • Archive for March 22nd, 2013

    Average daily transfers through Armenian regulator’s payment system grows 21% to AMD 95.8 billion in 4th Q 212

    Friday, March 22nd, 2013

    The average daily amount of money transfers made through the payment systems of the Central Bank of Armenia (stock exchange activity not counted) in the fourth quarter of 2012 amounted to about 95.8 billion drams, an increase of 21% from the same period of previous year, the Central Bank of Armenia told ARKA

    Top ten Armenian banks by deposits

    Friday, March 22nd, 2013

    Deposits in Armenia’s top ten banks singled out for the largest amount of deposits totaled AMD 1137.5 billion in 2012 after growing 20.4%, compared with 2011.

    EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

    Friday, March 22nd, 2013

    German Chancellor Angela Merkel told German lawmakers today morning that Cyprus’s proposition to nationalize pension funds in order to prop up its finances was unacceptable, RBC reported. She insisted that Cyprus should rather concentrate on debt sustainability and bank restructuring in order to secure a bailout

    Armenian farmers will receive 15 billion drams in agricultural loans this year

    Friday, March 22nd, 2013

    Armenian farmers will be issued around 15 billion drams in loans this year, according to a deputy minister of agriculture Garnik Petrosian. He said to reporters that the banks will start issuing loans from mid-April

    Plastic cards were used in 4 Quarter of 2012 to make 323 billion dram transactions

    Friday, March 22nd, 2013

    Some 5.5 million transactions were made in the fourth quarter of 2012 in Armenia by plastic cards worth 323.3 billion drams, which was 45% more than in the same period in 2011, according to the Bulletin of the Central Bank of Armenia for the fourth quarter of 2012

    External debt of Armenian commercial banks and credit organizations grew to $1.17 billion in Quarter 4, 2012

    Friday, March 22nd, 2013

    In the fourth quarter of 2012 the aggregate external debt of Armenia-based commercial banks and credit organizations grew to $1.17 billion from $1.06 billion in the third quarter, an increase of 10.4%, according to the Bulletin of the Central Bank of Armenia for the fourth quarter of 2012

    USD purchasing/selling in Armenia’s currency exchange offices downed 38.9% to $52.2 mln in Jan

    Friday, March 22nd, 2013

    USD purchasing/selling in currency exchange offices of Armenia dropped by 38.9% to $52.2 million in January compared to December, Central Bank of Armenia said in its monthly news report for January

    Number of ATMs in Armenia rose to 1,170 in Q4

    Friday, March 22nd, 2013

    The number of ATMs in Armenia rose by 47 to 1,170 as of end-December, the Central Bank said in a report

    Russia’s Central Bank revokes license of Business Development Bank

    Friday, March 22nd, 2013

    Russia’s Central Bank revoked the banking license of Business Development Bank OJSC, the regulator said on Firday