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    November 2014
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  • Archive for November 11th, 2014

    Moody’s downgrades Armeconombank’s deposit rating to b2; outlook stable

    Tuesday, November 11th, 2014

    Moody’s Investors Service has today downgraded to B2 from B1 the long-term foreign- and local-currency deposit ratings of Armeconombank (Armenian Economy Devt Bank) (AEB)

    Aggregate deposits at Armenian banks increase by 1.3 percent in 9 months to 1.530.5 trillion drams

    Tuesday, November 11th, 2014

    The aggregate amount of individual and corporate deposits as well as deposits of private entrepreneurs kept at 21 Armenian commercial banks have increased by 1.3 percent in the first nine months of 2014 to 1.530.5 trillion drams. In late September they, however, were 0.97$ down from the second quarter

    Gold buying price set at 14,166.38 drams in Armenia

    Tuesday, November 11th, 2014

    The 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. The gold buying price this week is set at 14,166.38 drams. It is lower than the previous year’s indicator by 3.8% or by 570.71 drams

    Armenian banks’ return on assets Q3 2014 hikes to 1.28 percent

    Tuesday, November 11th, 2014

    Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, rose from 1.22% in the second quarter of 2014 to 1.28% in the third quarter

    ARKA releases fresh issue of its “Credit Organizations of Armenia”

    Tuesday, November 11th, 2014

    ARKA News Agency has released its economic and financial bulletin, “Credit Organizations of Armenia”, for the third quarter of 2014