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  • Archive for September, 2014

    Top 10 armenian banks by size of consume lending

    Friday, September 19th, 2014

    ARKA news agency has released a fresh list of top ten Armenian banks by size of consumer lending in the first half of 2014, whose aggregate consumer loan portfolio stood at 348.4 billion drams in late June, making approximately 83% of the total consumer loan portfolio of all 21 Armenian banks, up from 420.5 billion drams in the same period last year

    VTB Bank (Armenia) expanding its cooperation with Spayka LLC

    Thursday, September 18th, 2014

    VTB Bank (Armenia) is expanding its cooperation with Spayka LLC, a flagship company at Armenia’s international haulage market, the bank’s press office reported on Thursday

    Moody’s revises Armenia’s growth forecast down to 2.1% in 2014 from 3.2%

    Thursday, September 18th, 2014

    Armenia’s (Ba2 stable) economy will continue to be adversely affected by an economic slowdown in Russia (Baa1 negative) due to the economic linkages between the two countries, says Moody’s Investors Service in a report published Tuesday, Sept 16

    Hakob Andreasyan: We need to change our business mindset

    Thursday, September 18th, 2014

    Exclusive interview of ACBA-CREDIT AGRICOLE BANK CEO Hakob Andreasyan to ARKA news agency ARKA – The first 100 days of a private company or a government agency head in office is a milestone allowing to make some conclusions. Could you name your most significant achievements in the first 100 days in office as Chief Executive […]

    Ameriabank’s corporate portfolio planned to be built up 13% to $520 million in 2015

    Wednesday, September 17th, 2014

    Ameriabank is planning to build up its corporate portfolio by $70 million or 13% to $520 million in 2015, Gagik Sahakyan, the Ameriabank director in charge of relations with corporate clients

    Armenia’s Central Bank places mid-term government bonds worth 3 bln drams

    Wednesday, September 17th, 2014

    The Central Bank of Armenia placed yesterday mid-term government treasury bonds of AMGN60294190 series worth a total of 3 billion drams, the press office of the bank reported

    Armenia has 1,335 ATMs

    Tuesday, September 16th, 2014

    The number of ATMs in Armenia increased by 38 in the second quarter of this year reaching 1,335, according to the “Bulletin of the Central Bank of Armenia” for the second quarter

    Doubtful credit investments of Armenian banks in first half surge by 20 percent to 18.2 billion drams

    Tuesday, September 16th, 2014

    Armenian commercial banks’ doubtful credit investments in the first half of the year amounted to 18.2 billion drams, an increase of 20.3 percent if compared with the same period last year, according to the “Bulletin of the Central Bank of Armenia” for the second quarter of 2014

    Anelik Bank replenishes its capital

    Tuesday, September 16th, 2014

    The authorized capital stock of Anelik Bank cjsc has been increased by the stockholder, Lebanese CreditBank, by another 1 billion drams

    Armenia’s commercial banks purchase about $89.5 mln at intra-banking forex market last week

    Tuesday, September 16th, 2014

    Armenian commercial banks purchased about $89.5mln at a weighted average rate of 48.88rams per $1 in intra-banking foreign exchange market on September 8 to 12