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  • Archive for May 8th, 2014

    ACBA- CREDIT AGRICOLE BANK to carry on with planned development strategy, new CEO

    Thursday, May 8th, 2014

    The new leadership of ACBA- CREDIT AGRICOLE BANK will carry on with the planned development strategy, the new CEO of the bank, Hakob Andreasyan, told a news conference today

    850 complaints submitted to armenian financial ombudsman’s office in 1st q 2014

    Thursday, May 8th, 2014

    Armenian financial ombudsman’s office received 850 complaints over the first quarter of this year, and this is 91.44% more than it received over the same quarter a year earlier, the office reports in its 1st Q report

    VTB Bank (Armenia) clients can use ATMs to pay utility bills

    Thursday, May 8th, 2014

    VTB Bank (Armenia) said today holders of its payment cards may use its ATMs from now on to pay utility bills online

    Armenian banks' lending to private companies grows 8.2% in 1st q 2014 to AMD 1.052.3 trillion

    Thursday, May 8th, 2014

    Armenian banks’ lending to private companies grew 8.2% in the first quarter of this year, compared with the same quarter a year before, to AMD 1.052.3 trillion, according to ARKA News Agency’s «Banks of Armenia» bulletin that contains figures taken from banks’ reports for the 1st Q 2014

    Some $125.6 million remitted to Armenia via banks in March

    Thursday, May 8th, 2014

    Some $125.6 million were remitted to Armenia via banks in March this year for individuals, an increase of 5.7% compared with March 2013, according to the Central Bank

    Central Bank auctions 3 billion drams worth bonds

    Thursday, May 8th, 2014

    Armenia’s Central Bank said it had auctioned today three billion drams worth long-term government (treasury) bonds of AMGB1029A232 issue maturing in 2013 October

    Armenian banks’ average return on assets index slips from 1.84% to 1.24%

    Thursday, May 8th, 2014

    Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, slipped from 1.84% in the fourth quarter of 2013 to 1.24% in the first quarter of 2014

    Armenian banks’ lending to trade rose by 2.9% to 362.2 billion drams in Q1

    Thursday, May 8th, 2014

    Lending by Armenia’s commercial banks for trade rose by 2.9% to about 362.2 billion drams in the first quarter compared to January-March 2013, ARKA’s ‘Banks of Armenia’ bulletin for the first quarter says

    Armenian banks’ deposits rise to 1,560.4bln drams in Q1

    Thursday, May 8th, 2014

    Total deposits from legal entities and individuals in Armenia’s banks rose by 3.21% to 1,560.4 billion drams in the first quarter