China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank (ADB), which Beijing fears are too influenced by the US and its allies, Prime reported citing The Financial Times
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Archive for June, 2014
China plans to establish global financial institution
Wednesday, June 25th, 2014NMC places 5-year bonds worth 1.2bln drams on NASDAQ OMX Armenia
Wednesday, June 25th, 2014The National Mortgage Company (NMC) has for the first time placed five-year bonds worth 1.2 billion drams on NASDAQ OMX Armenia platform, the press office of the company reported
Armenia’s National Mortgage Company refinanced 4,644 loans worth 37.4bln drams
Wednesday, June 25th, 2014The National Mortgage Company (NMC) refinanced 4,644 mortgage loans worth a total of 37.4 billion drams as of June 24, 2014. Of them, 2,973 loans worth 28.8bln drams were refinanced in Yerevan and 1,671 loans worth 8.6bln drams in the country’s regions, the press office of the company reported
Central bank lowers key rate to 7 percent
Tuesday, June 24th, 2014The Central Bank of Armenia has lowered its key refinancing rate today by 0.25 percentage points to 7%
Anelik Bank joins One Armenian – One Entry pan-Armenian project
Tuesday, June 24th, 2014Anelik Bank has joined One Armenian – One Entry pan-Armenian project aimed at replenishment of Wikipedia with entries in Armenian language, the bank’s press office reports
Gold price ups 1.1 percent in Armenia to 15,538 drams
Monday, June 23rd, 2014The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week
Insurance companies paid 4.080 billion drams in 21,564 car insurance compensation claims in five months
Monday, June 23rd, 2014All seven Armenia-based insurance companies paid a total of 4.080 billion drams in 21,564 car insurance compensation claims in the first five months of this year, a decline of 5.9% compared to the first five months of 2013, a statement posted on the official website of Armenia’s Car Insurers’ Bureau says
Ratio of car insurance losses of armenian insurance companies in 2014 may grows 0.1% in May to 59.1%
Monday, June 23rd, 2014The ratio of car insurance losses incurred by Armenia-based insurance companies in 2014 May grew by 0.1 percentage point in May from April to 59.1 percent, according to a statement posted today on the official website of Armenia’s Car Insurance Bureau
Central Bank auctions 0.5 billion drams worth short-term bonds
Monday, June 23rd, 2014The Central Bank of Armenia has auctioned today 500 million drams worth short-term (treasury) government bonds of AMGT13229149 issue maturing in 13 weeks
Winners of ARCA - CREDIT AGRICOLE BANK raffle receive awarded free trips to five European cities
Monday, June 23rd, 2014The winners of a special raffle conducted by CBA-CREDIT AGRICOLE BANK were handed last Friday certificates for free trips to five European cities – Naples, Nice, London, Barcelona and Athens. The awarding ceremony was held at the bank’ Armenia branch
