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  • Archive for October, 2013

    Anelik Bank cuts interests on Festive loan

    Wednesday, October 23rd, 2013

    rmenia-based Anelik Bank said today it has cut the interest rates on a loan, designed for individual clients wishing to borrow money to cover consumer needs

    Armenian government’s external debt decreases by 4.5 % in first half to $3.713.5 billion –Central Bank

    Wednesday, October 23rd, 2013

    Armenian government’s external debt in the first half of 2013 decreased by 4.5 % to $3.713.5 billion, according to a Central Bank report on financial stability

    Armenia’s GDP growth slows down because decline in construction and slow growth in mining sector

    Wednesday, October 23rd, 2013

    Armenia’s GDP grew 3.5% in Jan-June 2013, compared with the same period a year before, showing a slower growth than in Jan-June 2012

    Assets of Armenian insurance companies in first half increase by 31 % to 50.2 billion drams

    Wednesday, October 23rd, 2013

    The assets of Armenian insurance companies in the first half of the year increased by 31 % year-on-year to 50.2 billion drams

    Training-research center of Armenia’s Central Bank in Dilijan fully established

    Wednesday, October 23rd, 2013

    The research unit of the Central Bank of Armenia has been completely transferred to the Training and Research Center of the bank in Dilijan, head of the Central Bank Artur Javadyan told reporters Tuesday. This means, the center is now fully established, he added

    Central Bank of Armenia allows Converse Bank to set up and operate payment and settlement system

    Tuesday, October 22nd, 2013

    The Central Bank of Armenia has awarded the Converse Bank a license for the establishment and operating an Armenian payment and settlement system Converse Transfer, the regulator said today

    Ratio of Armenian banks’ assets to GDP rises 1.9% in Jan-June 2013 to 64.1%

    Tuesday, October 22nd, 2013

    Ratio of Armenian banks’ assets to GDP rose 1.9 percentage points in Jan-June 2013 to 64.1%, the central bank’s financial stability report says

    NASDAQ OMX Armenia and Central Depository of Armenia to conduct open doors day

    Tuesday, October 22nd, 2013

    On October 25, 2013 NASDAQ OMX Armenia stock exchange and the Central Depository of Armenia will open their doors to everyone interested in capital markets, Nasdaq OMX Armenia said

    ACBA-CREDIT AGRICOLE BANK expects its full year profits to be between AMD 4.5 and 5 billion in 2013

    Tuesday, October 22nd, 2013

    ACBA-CREDIT AGRICOLE BANK expects its full year profits to be between AMD 4.5 and 5 billion, an increase of 10%-15% over the last year, Nikolay Hovhannisyan, deputy executive director of the bank, told journalists on Tuesday

    EBRD provides US $12.5 million local currency financing to ACBA-CREDIT AGRICOLE BANK in Armenia

    Tuesday, October 22nd, 2013

    The European Bank for Reconstruction and Development (EBRD) is continuing to strengthen financial intermediation in the Armenian private sector with a particular focus on micro, small and medium-sized enterprises (MSMEs)