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  • Archive for February, 2014

    Armenian Development Bank’s assets tripled to more than 70 billion drams

    Wednesday, February 26th, 2014

    Armenian Development Bank has tripled its assets over three years to more than 70 billion drams, Karen Sargsyan, chairman of the bank’s board

    Russian-owned VTB Bank (Armenia) boasted last year largest amount of time deposits

    Wednesday, February 26th, 2014

    The Russian-owned VTB Bank (Armenia) boasted last year the largest amount of individual time deposits. The bank attributed the rise in time deposits by attractive terms

    Leasing transactions of Armenian credit organizations increased by 4.4 percent last year to 8.5 billion drams

    Wednesday, February 26th, 2014

    The amount of leasing transactions of Armenian credit organizations increased by 4.4 percent last year to 8.5 billion drams, according to ARKA news agency’s bulletin “Credit Organizations of Armenia” for the IV quarter of 2013

    Armenian credit organizations’ investments last year surged by 21.4 percent to 159.6 billion drams

    Wednesday, February 26th, 2014

    Armenian credit organizations’ investments surged by 21.4 percent last year to more than 159.6 billion drams, according to ARKA news agency’s “Credit Organizations of Armenia” bulletin for the fourth quarter of 2013

    Armenia’s Central Bank predicts 13 percent rise in average monthly salary in 2014

    Wednesday, February 26th, 2014

    Armenia’s Central Bank predicts a 13 percent rise in average monthly salary in 2014, double of its forecast for 2013

    ECN broker seminar scheduled for March 4 in Yerevan

    Wednesday, February 26th, 2014

    A seminar about ECN broker services will be held in Yerevan on March 4, Dukascopy Bank says in its report

    Gold buying price rose by 2.1% to 16,081.71 drams in Armenia

    Wednesday, February 26th, 2014

    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.

    Armenian credit organizations earned last year 6.2 billion drams in net profits

    Tuesday, February 25th, 2014

    Armenian credit organizations earned last year 6.2 billion drams in net profits, by 7.5% more than in 2012, according to “Credit Organizations of Armenia” bulletin for the IV quarter of 2013

    ARKA News Agency releases fresh issue of its regular bulletin “The Insurance Companies of Armenia”

    Tuesday, February 25th, 2014

    ARKA News Agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the fourth quarter of 2013

    Armenia’s membership in Customs Union will not lead to major change in inflationary environment –CB Board member

    Tuesday, February 25th, 2014

    Armenia’s membership in the Russia-led Customs Union will not lead to a major change in the country’s inflationary environment, according to Arthur Stepanyan