Armenia’s Central Bank said it expects the 12-month inflation in 2013 to drop to 6.5-7 %. According to a regulator’s performance report for the third quarter of 2013, in the third quarter the 12-month inflation rose to 8.2 %, largely due to the impact of primary and secondary increases of energy prices in July
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Archive for November, 2013
Armenia’s Central Bank expects the 12-month inflation in 2013 to drop to 6.5%-7 %
Monday, November 25th, 2013Armenia’s Bank Anelik offering loans for gas tank installation in cars
Monday, November 25th, 2013Bank Anelik offers its clients loans for installing gas tanks in their cars, the bank’s press office reported
Head of Central Bank congratulates bankers on occasion of Bank Employee's Day and 20th anniversary of Armenia’s national currency
Friday, November 22nd, 2013The chairman of Armenia’s Central Bank Arthur Javadyan congratulated today bank employees on occasion of the Bank Employee’s Day and the 20th anniversary of the introduction of Armenia’s national currency, the dram, at a ceremony that was attended also by President Serzh Sargsyan
VTB Bank (Armenia) reopens renovated branch in Yerevan’s Arabkir district
Friday, November 22nd, 2013The Russian-owned VTB Bank (Armenia) has reopened today another renovated branch in Arabkir administrative district of Yerevan
Armenia’s national currency becomes 20 years –old
Friday, November 22nd, 2013Armenia’s national currency, the dram, has turned 20 today. The process of replacing Soviet rubles with the new national currency began on November 22, 1993. Armenia that was in dire straits was the last former Soviet republic to introduce its own currency
Banks’ lending to state-owned enterprises in third quarter increases by 18.8 % to 88.6 billion drams
Friday, November 22nd, 2013Armenian banks’ lending to state-owned enterprises in the third quarter of 2013 increased by 18.8 % from the previous quarter to about 88.6 billion drams
Dram will not lose its stability after Armenia’s accession to Customs Union – Polling Center head
Friday, November 22nd, 2013Head of an Armenian polling center has downplayed today allegations that Armenia’s upcoming membership in the Russia-led Customs Union would affect the stability of its national currency, the dram
Armenian banks’ lending to agriculture drops by 2.1% in Q2
Friday, November 22nd, 2013Armenian banks’ lending to agricultural sector dropped by 2.1% in the third quarter of 2013 to a total of 105.7 billion drams as of the end of September
Trade lending by Armenia’s banks rose by 4.9% to AMD 364.1 bln in Q3
Friday, November 22nd, 2013Trade lending by Armenia’s commercial banks rose by 4.9% to about 364.1 billion drams as of the end of September 2013, compared to the quarter before
Cost of US dollar at Armenia’s forex market drops by 0.07 percentage points to 404.94 drams
Thursday, November 21st, 2013The cost of US Dollar at Armenia’s forex market dropped today by 0.07 percentage points from November 20 to 404.94 drams, the Central Bank said
