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
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Archive for July 31st, 2014
No international rating agency revised Russian Gazprombank’s rating
Thursday, July 31st, 2014Armenia’s international gross reserves in June drop by 5 percent
Thursday, July 31st, 2014Armenia’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, 2014Armenia’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, 2014Overdue 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, 2014Federal 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
