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  • Archive for June 14th, 2013

    VTB Bank (Armenia), Visa international and UIA offer new discount for card holders

    Friday, June 14th, 2013

    VTB Bank (Armenia) together with Visa International payment system and Ukrainian International Airlines (UIA) have announced a 7-10 percent discount for owners of Visa Gold, Visa Platinum, Visa Business and Visa Infinite cards issued by VTB Bank (Armenia) if they use these cards to buy tickets for UIA flights until 31 December 2013

    Araratbank pays 297 million as dividends

    Friday, June 14th, 2013

    Of 3.3 billion drams earned in net profit last year by Armenian Araratbank more than 297 million drams were paid as dividends to shareholders,’ the bank’s CEO Ashot Osipyan told an annual conference of shareholders today

    Armeconombank earns AMD 345.5 million in profits in 2012

    Friday, June 14th, 2013

    Armeconombank earned AMD 345.5 million in profits in 2012 against AMD 497.3 million in 2011, Armen Naljyan, chairman of the bank’s board, told journalists on Friday

    EBRD assigns confirming bank status to Armenian Araratbank

    Friday, June 14th, 2013

    As part of its Trade Facilitation Program the European Bank for Reconstruction and Development (EBRD) has assigned the status of the confirming bank to Armenian Araratbank. A corresponding agreement was signed on Friday at the annual meeting of the bank’s shareholders

    Araratbank posts 3.3 billion in net profit last year

    Friday, June 14th, 2013

    Armenian Araratbank earned 3.3 billion drams in net profit last year, a 50.5% surge from 2011, according to its CEO Ashot Osipyan, who told an annual conference of shareholders today that the bank had over-fulfilled its strategic program by 140% achieving an increase in all indicators

    Armeconombank won’t pay dividends to shareholders for 2012

    Friday, June 14th, 2013

    Armeconombank will not pay dividends to the shareholders for 2012, said Samvel Gharibyan, member of the Board

    Assets of Armenia’s investment companies in April hit AMD 25.8 bln

    Friday, June 14th, 2013

    The assets of Armenia’s investment companies rose by 0.01% in April 2013 from March to 25.8 billion drams, the Central Bank said in its monthly newsletter

    Securities transactions by Armenia’s investment companies downed 3.7% to AMD 27.7bln in April

    Friday, June 14th, 2013

    Purchase/sale transactions with the securities conducted by the investment companies at Armenian securities market slashed by 3.7% in April 2013 from March to 27.7 billion drams

    Chair of Armbusinessbank board beaten up in his office room: Newspaper

    Friday, June 14th, 2013

    The chairman of Armbusinessbank Board Sergey Arzumanyan was severely beaten up in his office room Monday evening, Haykakan Zhamanak (Armenian Time) newspaper reports, referring to its own sources

    U.S. stocks rally as fed fears abate: Marketwatch

    Friday, June 14th, 2013

    U.S. stocks rallied Thursday, with equities picking up steam after The Wall Street Journal reported on the Federal Reserve’s monetary policy