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  • Archive for April 16th, 2014

    Armenian banks’ retained profits surge by 6.7 percent in first quarter to 9 billion drams

    Wednesday, April 16th, 2014

    Armenian banks’ retained profits surged by 6.7 percent in the first quarter of the year to 9 billion drams from 8.5 billion drams in the same time span in 2013

    Ardshininvestbank’s net profit in quarter one reaches AMD 1.5 billion outperforming

    Wednesday, April 16th, 2014

    As of Q1 2014 net profit of Ardshininvestbank amounted to AMD 1.5 billion outperforming the result of the comparable period of the last year by 1.5 times

    World Bank to increase lending to $300 billion in next ten years

    Wednesday, April 16th, 2014

    The World Bank Group President, Jim Yong Kim announced last week a series of measures aimed at strengthening the multilateral institution to enable it meet the evolving needs of clients

    EU banking union gets final approval from MEPs: BBC

    Wednesday, April 16th, 2014

    MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts

    Loss ratio in Armenia’s car insurance sector reduces to 62% by end of March

    Wednesday, April 16th, 2014

    Loss ratio at Armenia’s car insurance reduced by 7.4 percentage points to 62% in March compared to February, Armenia’s Car Insurance Bureau reported