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  • Archive for February, 2014

    Armenia’s monetary base reduces 11.8% to AMD 783 billion in January 2014

    Friday, February 28th, 2014

    Armenia’s monetary base amounted to about AMD 783 billion in late January 2014 after reducing 11.8% over the month, the National Statistical Service of Armenia reports

    Armenia’s monetary stock shrinks 3.3% to AMD 1 493.9 billion in January 2014

    Friday, February 28th, 2014

    Armenia’s monetary stock amounted to AMD 1 493.9 billion in late January 2014 after shrinking 3.3% since late December 2013

    VTB Bank (Armenia) reopens three renovated branches

    Friday, February 28th, 2014

    TB Bank (Armenia) said today it has reopened two renovated branches in Armenia’s second largest city of Gyumri in the north-western province of Shirak and a branch in Hrazdan

    Armenia’s gross international reserves Shrink 6.2% in January to $2 113.5 million

    Friday, February 28th, 2014

    Armenia’s gross international reserves totaled $2 113.5 million in late January 2014, after shrinking 6.2% over the month, but growing 19.5% since January 2012, according to the Central Bank of Armenia

    ACBA-CREDIT AGRICOLE BANK wins 2014 calendar contest among banks

    Friday, February 28th, 2014

    The trade union of Armenia’s banks awarded ACBA-CREDIT AGRICOLE BANK the winning certificate for 2014 calendar contest among banks, the press office of the bank reported

    Areximbank – Gazprombank Group launch VISA paywave in Armenia

    Friday, February 28th, 2014

    Areximbank – Gazprombank Group and Visa have launched Visa payWave contactless payments in Armenia

    Chinese yuan may supersede dollar as top reserve currency

    Thursday, February 27th, 2014

    The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors, RBC reports citing the U.S. CNBC TV channel

    Level of dollarization in Armenia in 2013 declined by 3.3 percentage points to 59.7 percent

    Thursday, February 27th, 2014

    The level of dollarization (the ratio of foreign currency deposits to total deposits of residents) in Armenia in 2013 December was 59.7% , down 3.3 percentage points from the beginning of the year

    Armenian banks’ return on assets 2013 slips to 1.81 percent

    Thursday, February 27th, 2014

    Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, slipped from 1.94% in 2012 to 1.81% in 2013, according to findings of an analysis made by ARKA news agency

    $121 million bought by Armenian Central Bank at forex market in 2013

    Wednesday, February 26th, 2014

    In 2013 the Central Bank of Armenia concluded foreign currency sale/purchase transactions totaling $121 million, the regulator sys in its monthly bulletin for December 2013