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    October 2013
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  • Archive for October 7th, 2013

    Armenian commercial banks’ credit investments in residential economy grow 3.9% to AMD 1585.9 billion

    Monday, October 7th, 2013

    Armenian commercial banks’ aggregate portfolio of loans extended to residents has grown 3.9% since the beginning of this year to AMD 1585.9 billion in late August

    Gold price in Armenia drops by 1.2 percent to 15,746.17 drams

    Monday, October 7th, 2013

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week. The new prices are for one gram of chemically pure metals

    Armenian Central Bank auctions short-term government bonds worth AMD 500 million

    Monday, October 7th, 2013

    On Monday, the Central Bank of Armenia sold 52-week AMGT5206A148 government bonds worth 500 million drams, the regulator’s press office reports

    Armenia’s Central Bank expects inflation to drop to projected target

    Monday, October 7th, 2013

    Following a September 24 Board meeting Armenia’s Central Bank said it expects a short-term inflation to gradually reduce to the target level and remain within that band in the forecast horizon

    Head of Union of Armenian banks upbeat about future

    Monday, October 7th, 2013

    YEREVAN, October 7. / ARKA /. Head of the Union of Armenian Banks, Samvel Chzmachyan, has praised today the government and the Central Bank for helping local banks to tackle with a string of problems brought about by the 2009 economic and financial crisis. Chzmachyan said in 2008-2012 Armenian banks managed to restructure a significant […]

    Chzmachyan: Dwindling flow of foreign investments into armenian banks drives deposit interest rates down

    Monday, October 7th, 2013

    Samvel Chzmachyan, head of the Union of Banks of Armenia, explains the current upward motion of interest rates on deposits by the dwindling money flow from international financial institutions to Armenian banks

    Nearly $15 mln traded at NASDAQ OMX Armenia stock exchange last week

    Monday, October 7th, 2013

    The Central Bank of Armenia said nearly $15 million was traded at NASDAQ OMX Armenia stock exchange from September 30 to October 4

    Armenia’s Commercial Banks purchase over $97.5mln at intra-banking forex market last week

    Monday, October 7th, 2013

    Armenian commercial banks purchased more than $97.5mln at a weighted average rate of 404.60drams per $1 in intra-banking foreign exchange market from September 30 to October 4

    Oliver Group appraisal agency will provide real estate market study results to Armenian Banks

    Monday, October 7th, 2013

    Oliver Group appraisal agency and Union of Banks of Armenia (UBA) signed a memorandum of cooperation Friday