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  • Archive for April 18th, 2014

    Market value of USD against Armenia’s currency grows by 0.38 percentage points to 414.06 drams

    Friday, April 18th, 2014

    The market value of the USD against Armenia’s national currency has grown today by 0.38 percentage points from April 17 to 414.06 drams, the Central Bank reported

    Dollarization level in Armenia still very high- Central Bank report

    Friday, April 18th, 2014

    The share of loans provided in foreign currency decreased by 2 percentage points by the end of 2013 December to 63.7% in the total amount of lending, while the share of deposits in foreign currency increased by 0.7 percentage points to 71%, according to a Central Bank of Armenia report on the financial stability of the country in 2013

    Western sanctions against Russia’s banks will not affect Armenian banks with Russian capital

    Friday, April 18th, 2014

    Western sanctions against Russia’s banks will not affect Armenian banks with Russian capital, said Andranik Grigoryan, head of a Central Bank department in charge of stability and financial system development

    VTB Bank (Armenia) earned last year record high income of 5.6 billion drams, CEO says

    Friday, April 18th, 2014

    VTB Bank (Armenia) earned last year the record high income of 5.6 billion drams, Yuri Gusev, the CEO of the Russian-owned bank, told a news conference today

    Difficulties in Russian economy did not affect Armenian economy – Central Bank official

    Friday, April 18th, 2014

    The problems experienced currently by the Russian economy have had no adverse effect on the financial stability of Armenia, said Andranik Grigoryan, head of a Central Bank department in charge of stability and financial system development

    Armenia’s financial system stable and risks manageable - Central Bank

    Friday, April 18th, 2014

    Armenia’s financial system is stable and risks are manageable, said Andranik Grigoryan, head of a Central Bank department in charge of stability and financial system development

    Loan portfolio of Armenia’s banks in Karabakh fell to 75,840.6mln drams as of April 1

    Friday, April 18th, 2014

    Total loan portfolio of Armenia’s commercial banks in Nagorno-Karabakh fell by 3.1% to 75,840.6 million as of April 1, 2014, compared to the same period of the year before

    Areximbank-Gazprombank Group offers discounts and free cards ahead of holiday season

    Friday, April 18th, 2014

    Areximbank – Gazprombank Group is offering substantial accounts and free plastic cards ahead of the tourism season, the bank’s press office reported

    “Interest First” promotional offer launched by Bank VTB (Armenia) on April 17

    Friday, April 18th, 2014

    Bank VTB (Armenia) is making a promotional offer called “Interest First” from April 17 to July 30, the bank’s press office reported