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  • Archive for March 26th, 2013

    Money supply in Armenia grows 2% exceeding AMD 1346.9 billion in late February 2013

    Tuesday, March 26th, 2013

    Money supply in Armenia amounted to more than AMD 1346.9 billion in late February 2013 after growing 2% over the month

    Armenia’s monetary base upped 3.6% to AMD 679.5bln in February

    Tuesday, March 26th, 2013

    Armenia’s monetary base rose by 23.6 million drams or 3.6% to about 679.5 bln drams in February 2013, compared to January 2013

    Converse Bank opens new branch in Ashtarak

    Tuesday, March 26th, 2013

    Armenian Converse Bank has opened today a new, 34th branch in the town of Ashtarak, the administrative center of Ararat province. The new branch meets the best standards of providing modern banking services. It is furnished with modern equipment and qualified employees, the bank said in a press release

    Head of Bank of Cyprus resigns

    Tuesday, March 26th, 2013

    The chairman of the Bank of Cyprus, Andreas Artemis, has filed his resignation, local news agencies reported. Earlier today Cyprus’ Central Bank has confirmed that all Cypriot banks will remain closed until Thursday, RBC reported citing BBC

    Fitch downgrades Cyprus' two largest banks: Foxbusiness

    Tuesday, March 26th, 2013

    Ratings firm Fitch Ratings has downgraded the two largest Cypriot banks following the agreement Cypriot authorities reached with European Union authorities on Monday morning, Foxbusiness reported Tuesday

    Cyprus: Big depositors face cut of 40%, minister tells BBC

    Tuesday, March 26th, 2013

    Cyprus’s finance minister has confirmed that Cypriot depositors with less than 100,000 euros in their accounts “will not be hit”

    Net transfer inflow to Armenia rose by 20% to 166.7bln drams in Q4

    Tuesday, March 26th, 2013

    Net money transfer inflow to Armenia grew by 20% up to 166.7bln drams in Q4 of 2012, as compared to the same period of the year before, says the 2012 4th quarter bulletin of the country’s Central Bank

    Cyprus' banks to remain closed until Thursday, the associated press reported

    Tuesday, March 26th, 2013

    Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn bailout deal Monday that averted the country’s imminent bankruptcy