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  • Archive for July, 2014

    No international rating agency revised Russian Gazprombank’s rating

    Thursday, July 31st, 2014

    Fitch Ratings, Moody’s and Standard&Poor’s have not revised their ratings of one of the largest Russian banks, Gazprombank, which is the sole shareholder of its Armenian subsidiary Areximbank-Gazprombank Group

    Armenia’s international gross reserves in June drop by 5 percent

    Thursday, July 31st, 2014

    Armenia’s international gross reserves in June 2014 stood at $1.774.5 billion, a decrease of 4.9 percent from the previous month, the Central Bank said today. The bulk of the reserves were in convertible currency ($1 774.1 billion)

    Armenia’s monetary base shrinks 5.3% to about AMD 713.3 billion in June 2014

    Thursday, July 31st, 2014

    Armenia’s monetary base shrank 5.3% in June 2014, compared with the previous month, to about AMD 713.3 billion, National Statistical Service reports referring to the central bank’s preliminary figures

    Overdue loans at Armenia’s commercial banks shrink 7.8% to AMD 25.6 billion in June

    Thursday, July 31st, 2014

    Overdue loans at Armenia’s commercial banks totaled AMD 25.6 billion in late June after shrinking 7.8% over the month and made up 1.37% of their aggregate loan portfolio, National Statistical Service reports

    Fed cuts monthly bond buying by $10 billion: Reuters

    Thursday, July 31st, 2014

    Federal Reserve on Wednesday upgraded its assessment of the US economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target

    Market value of USD drops by 0.05 percentage point to 406.07 drams

    Wednesday, July 30th, 2014

    The average weighted market value of the USD has dropped today by 0.05 percentage point against Armenian national currency from July 29 to 406.07 drams, the Central Bank reported

    New U.S. sanctions against Russia will not affect the operation of VTB Bank (Armenia) – statement

    Wednesday, July 30th, 2014

    VTB Bank (Armenia), a subsidiary of Russia’s second largest bank, VTB, said on Monday that the new Western sanctions targeting major sectors of the Russian economy, including VTB Bank, will have no impact on its customers

    USD value drops by 0.05 p.p. to 406.57 drams

    Tuesday, July 29th, 2014

    The average market value of USD against Armenia’s national currency has dropped today by 0.05 percentage points from July 25 to 406.57 drams, the Central Bank reported

    Six Armenia-based insurance companies among 1000 largest corporate taxpayers in quarter two

    Tuesday, July 29th, 2014

    Six of the seven Armenia-based insurance companies were among the 1000 largest corporate taxpayers in the second quarter of 2014, having paid a total of 1.2 billion drams in various taxes

    Dollar-dram exchange transactions totaling $18.84 million made at NASDAQ OMX Armenia last week

    Tuesday, July 29th, 2014

    Dollar-dram exchange transactions made at NASDAQ OMX Armenia stock exchange over a period between July 21 and 25 totaled $18.84 million ($1= 406.66 drams, on average) against $21.2 million a week before