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  • Archive for April 11th, 2013

    Converse Bank awards special prize to its 100th cardholder

    Thursday, April 11th, 2013

    Converse Bank has awarded a special prize to Bagdasar Voskanyan, its 100th cardholder, the press office of the bank told ARKA News Agency

    Armenia’s international gross reserves shrink 6.8% to $1799.4 million

    Thursday, April 11th, 2013

    Armenia’s international gross reserves totaled $1799.4 million in late 2012 after shrinking 6.8% since the beginning of the year, the Central Bank of Armenia reports on its official website

    Armenian banking cards used in 2013 February outside the country to make around 4 billion drams worth transactions

    Thursday, April 11th, 2013

    Armenian banking cards were used in 2013 February outside the country to make around 74,100 transactions worth around 4 billion drams, by 40.4% down from the previous month, according to the monthly bulletin of the Central Bank of Armenia for February. The number of transactions also declined by 37.3%

    Net internal assets of Armenia’s CB ascend 3.4% to AMD 261.5 bln in February

    Thursday, April 11th, 2013

    The net internal assets of Armenia’s Central Bank surged by 3.4% to nearly 261.5 billion drams in February 2013, compared with January, according to the monthly newsletter of the CB

    Assets of Armenia’s investment companies surge 7.2% to AMD 26.6 bln in February

    Thursday, April 11th, 2013

    The assets of investment companies of Armenia climbed by 7.2% to 26.6 billion drams in February 2013, compared to a month earlier, according to the monthly newsletter of Armenia’s Central Bank

    S&P raises Cyprus outlook from negative to stable

    Thursday, April 11th, 2013

    Ratings agency Standard & Poor’s has raised the long-term and short-term sovereign credit rating of Cyprus, previously affirmed at ‘CCC’ and ‘C’ respectively

    Annual mortgage interest rates rose by 0.2pp to 12.2% in Armenia

    Thursday, April 11th, 2013

    Average annual interest rates on mortgage rose by 0.2 percentage points up to 12.2% in Armenia in February as compared to the month before, says the website of the central bank

    Armenia’s Central Bank should reduce obligatory reserve norm, banker says

    Thursday, April 11th, 2013

    Armenia’s central bank should reduce the obligatory reserve norm so that banks are able to build up their portfolio with no major capital involvement, general director and chairman of management board of Bank VTB (Armenia) Yury Gusev said