Russia’s Central Bank revoked the banking license of Business Development Bank OJSC, the regulator said on Firday
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Archive for March, 2013
Russia’s Central Bank revokes license of Business Development Bank
Friday, March 22nd, 2013Changes to eliminate car insurance coupons
Thursday, March 21st, 2013Armenia’s National Assembly is considering in the first reading a package of amendments to the Law “On mandatory insurance of motorists responsibility ” and to the Code of Administrative Offences, which, inter alia, call for abolition of a requirement that car owners must fix car insurance coupons on the windshields from 1 January 2014
Cyprus bourse halts trading Thursday, Friday
Thursday, March 21st, 2013Cyprus’s stock exchange has extended a suspension of trading to Thursday and Friday, hit by a shutdown of banks amid financial turmoil engulfing the island threatened with default, CNBC reports Thursday
Cooperation between EBRD and Ameriabank creates new opportunities for businesses in Armenia
Thursday, March 21st, 2013Cyprus to protect foreign deposits, Cypriot CB says
Thursday, March 21st, 2013Evdokimos Xenophontos, the deputy chairman of the Bank of Cyprus, one of the two banks needing recapitalisation, told reporters it was unacceptable for Cyprus to raid the deposits of non-Cypriots, Incyprus portal reports
EBRD does not expect deterioration in Armenian banking sector because of increasing share of "Bad" loans: Razlog says
Wednesday, March 20th, 2013The 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, 2013Total 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, 2013Economic 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, 2013Kargin 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, 2013VTB 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
