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  • Archive for March, 2014

    Anelik Bank’s total deposits surge by almost 30 percent in 12 months to 33 billion drams

    Friday, March 21st, 2014

    Armenia-based Anelik Bank said today that on March 1 it had a total of 33.1 billion drams worth deposits, a 28.8% increase if compared to March 1, 2013. Of that amount 27 billion drams were individual deposits, an increase of 14.8% from the year before

    Russia’s credit outlook cut by Fitch Ratings

    Friday, March 21st, 2014

    Russia’s credit rating outlook was cut to negative from stable by Fitch Ratings, citing the potential impact on a slowing economy of Western sanctions imposed after its annexation of Ukraine’s Crimea region

    VTB Bank (Armenia) raises its equity to 20.8 billion drams

    Friday, March 21st, 2014

    VTB Bank (Armenia) has raised its authorized capital to 20.8 billion drams after buying the entire issue of additional shares worth 7 billion drams, the Russian-owned bank said in a news release

    Japanese parliament okays record high budget for 2014

    Thursday, March 20th, 2014

    Japanese parliament okayed March 19 the fiscal 2014 budget — the largest in history at 95.88 trillion yens. The budget’s enactment will allow the government to start implementing it on April 1, the beginning of the new fiscal year, with no delay

    Armenia’s economic activity index in January February 2014 grew by 2.4 % year-on-year

    Thursday, March 20th, 2014

    Armenia’s economic activity index in January-February 2014 grew by 2.4 % when compared with January-February 2013, the National Statistical Service (NSS) said

    Armenia’s inflation ups 5.1 percent in two months from year earlier

    Thursday, March 20th, 2014

    Armenia’s inflation in January-February 2014 rose by 5.1% from the same time span last year, according to the latest numbers, released today by the National Statistical Service (NSS)

    Moscow to spend $70-80 million more to cover Crimea’s budget deficit - deputy minister

    Wednesday, March 19th, 2014

    Russia will invest $4-5 billion in the transport and resort infrastructure of Crimea, which joined Russia Tuesday following a referendum last Sunday, deputy economic development minister Alexei Likhachev said Wednesday

    Ministry of finance turns down all bids for medium-term government bonds

    Tuesday, March 18th, 2014

    Armenian Ministry of Finance has turned today down all the bids submitted for medium-term government (Treasury ) bonds in the amount of from 2 to 4 billion drams, the Central Bank said

    Russian Central Bank revokes licenses of three banks and one money transfer system

    Tuesday, March 18th, 2014

    Russia s Central Bank said today it has revoked the licenses of three small Moscow-based banks

    VTB Bank (Armenia) joins Sigue Money Transfer system

    Tuesday, March 18th, 2014

    Starting from March 18, 2014 customers of VTB Bank (Armenia) can use the Sigue Money Transfer system to send and receive money to / from 145 countries in U.S. dollars and euros without account opening, the Russian-owned bank said in a news release