Commercial banks bought $84.9 million at 406.06 drams per one dollar over a period between July 21 and 25 at Armenia’s intra-bank forex market, the press office of the Central Bank of Armenia reports
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Archive for July, 2014
$84.9 million bough by banks last week at Armenia’s intra-bank forex market
Tuesday, July 29th, 2014Market value of USD drops by 0.04 percentage point to 406.52 drams
Friday, July 25th, 2014The average market value of USD against Armenia’s national currency has dropped today by 0.04 percentage point from July 24 to 406.52 drams, the central bank reported
Russian central bank raises key rate unexpectedly
Friday, July 25th, 2014The Board of Directors of Bank of Russia raised the key rate unexpectedly on Friday by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged, according to Russian media reports
Armenia-based commercial banks among 1000 largest corporate taxpayers in first half of this year
Friday, July 25th, 2014All 21 Armenia-based commercial banks were among the 1000 largest corporate taxpayers in the first half of this year, the State Revenue Committee (SRC) said today
Armenian commercial banks’ loan portfolio grows 4.8% to AMD 1.88 trillion by late June
Friday, July 25th, 2014The aggregate loan portfolio of Armenia’s commercial banks has been grown 4.8% since the beginning of this year reaching about AMD 1884.2 billion by late June
Average market value of USD does not change trading at 406.56 drams
Thursday, July 24th, 2014The average market value of USD against Armenia’s national currency has not changed from July 23 trading at 406.56 drams, the Central Bank said
ECB’S public website hacked and contact data stolen
Thursday, July 24th, 2014The European Central Bank has received a blackmail letter after its public website was hacked and contact data stolen, the bank said on Thursday
Average market value of USD drops by 0.13 percentage points to 406.56 drams
Wednesday, July 23rd, 2014The average market value of USD against Armenian national currency has dropped today by 0.13 percentage points from July 22 to 406.56 drams, the Central Bank of Armenia reported
Saudi Arabia to open its $530 billion stock market to the world
Wednesday, July 23rd, 2014Saudi Arabia plans to open its $530 billion stock market to foreigners, a move that will allow the Middle East’s biggest economy to attract more international investments and help reduce its dependence on oil revenue, Prime reports referring to Marketwatch
Aggregate profit of Armenian banks decline by 13.6 percent in first half
Tuesday, July 22nd, 2014Reserve allocations made by Armenian banks for their increasing lending is one of the reasons behind a 13.6 percent decline in Armenian banking sector’s aggregate profit in the first half of 2014 from the same time span in 2013 to 17.8 billion drams
