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  • Archive for June 5th, 2014

    No Armenian bank will be shut down in next 2-3 years, Union of Banks of Armenia

    Thursday, June 5th, 2014

    No Armenian bank will shut down in the next 2-3 years, Samvel Chzmachyan, chairman of the Union of Banks of Armenia, said today. He said the banks’ liquidity level is quite high and although many of them have some problems because of bad loans that will not lead to their closure

    US dollar value against Armenian currency drops by 0.35 percentage points to 413.36 drams

    Thursday, June 5th, 2014

    The value of USD against Armenia’s national currency has dropped today by 0.35 percentage points from June 4 to 413.36 drams, the Central Bank said

    BTA bank to change owner and replenish capital

    Thursday, June 5th, 2014

    BTA Bank in Armenia will replenish its capital and change the owner, Samvel Chzmachyan, the chairman of the Union of Banks of Armenia, revealed today

    Deposits in Armenian commercial banks grow 21.8% to AMD 1 602.9 billion in late April 2014

    Thursday, June 5th, 2014

    Deposits in Armenian commercial banks totaled AMD 1 602.9 billion in April 2014 after growing 21.8%, compared with April 2013, the National Statistical Service of Armenia reports

    Armenian commercial banks' loan portfolio grows 12% to AMD 1 840.9 billion in April 2014

    Thursday, June 5th, 2014

    Armenian commercial banks’ aggregate loan portfolio amounted to AMD 1 840.9 billion in April 2014 after growing 12%, compared with the same month a year before, the National Statistical Service of Armenia reports

    ConverseBank launches own money transfer system

    Thursday, June 5th, 2014

    ConverseBank has launched own money transfer system Converse Transfer, the bank’s press office reported on Wednesday