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  • Archive for February, 2014

    Armenian insurance companies closed 2013 with a loss of 933 million drams

    Tuesday, February 25th, 2014

    Seven Armenia-based insurance companies closed 2013 with a total loss of 933 million drams against a profit of 525.4 million drams in 2012

    Armenian dram devaluating on seasonal corrections and Russian ruble depreciation expectations

    Tuesday, February 25th, 2014

    Armenian dram tends to depreciate due to seasonal corrections in the country’s balance of payments and expectations for Russian ruble devaluation, member of board of the Central Bank of Armenia Artur Stepanyan said

    Bank Anelik launches new “Simple-Quick” card loan

    Tuesday, February 25th, 2014

    Bank Anelik is offering a new “Simple-Quick” card loan to its customers as part of its policy to speed up and simplify the lending process, the bank’s press office said

    No common currency discussions held in Customs Union: CBA board member

    Tuesday, February 25th, 2014

    The Customs Union countries are not considering introduction of a single currency, member of the Central Bank of Armenia board Artur Stepanyan told a press conference Monday

    RESO insurance company’s clients can follow online indemnity getting process for damaged cards

    Monday, February 24th, 2014

    RESO insurance company said today its clients can from now on follow online the process of getting compensations for damages their insured vehicles got in traffic accidents and receive also appropriate notices without leaving their homes

    Central Bank lowers reserve requirements in national currency from 4% to 2 %

    Monday, February 24th, 2014

    Armenia’s Central Bank has lowered the reserve requirement in the national currency, the dram, from 4% to 2 % late last year as part of easing its monetary policy

    Armenia’s Central Bank auctions 500 million drams worth short-term government bonds

    Monday, February 24th, 2014

    Armenia’s Central Bank said it today has auctioned 500 million drams worth short-term government (treasury) bonds of AMGT13265143 issue maturing in 13 months

    Armenian Central Bank expects no tangible cuts in interest rates on lending in foreign encage

    Monday, February 24th, 2014

    Arthur Stepanyan, a member of Armenian Central Bank Board, said today the regulator’s latest decision to cut its key refinancing rate earlier this month by 0.25 percentage point to 7.5 percent is unlikely to have any substantial impact on interest rates at local forex market

    Central Bank board expects private remittances to Armenia this year to grow by 7-9%.

    Monday, February 24th, 2014

    Arthur Stepanyan, an Armenian Central Bank Board member, said today the regulator expects the amount of private remittances to Armenia this year to grow by 7-9%

    Armenia’s Central Bank expects 2.5-5.5 percent inflation this year

    Monday, February 24th, 2014

    Armenia’s Central Bank has forecast a 2.5%-5.5% inflation for this year. In 2013 the 12-month inflation rate was 5.6 %, which almost coincided with the upper threshold of the permissible fluctuation