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  • Archive for November 12th, 2014

    Majority of complaints received by Armenian Financial Ombudsman office about mandatory car insurance

    Wednesday, November 12th, 2014

    Complaints related to obligatory car insurance dominate the total number of the complaints about insurance companies the Armenian financial ombudsman’s office receives, Armenian Financial Ombudswoman Piruz Sargsyan said on Wednesday

    Armenian banks’ lending to trade in third quarter saw a 0.7 percent rise amounting to about 366.7 billion drams

    Wednesday, November 12th, 2014

    Twenty-one Armenian banks’ lending to trade in the third quarter of 2014 saw a 0.7 percent rise if compared to the same period in 2013, amounting to about 366.7 billion drams, according to ARKA news agency’s quarterly bulletin “Banks of Armenia.”

    Javadyan: Armenian Central Bank to remain stuck to floating exchange rate policy also in 2015

    Wednesday, November 12th, 2014

    The Central Bank of Armenia will pursue a floating exchange rate policy in 2015, just as this year, and will interfere only in the event of sharp fluctuations

    Armenian banks’ lending to private enterprises surges by 18.5 percent in third quarter to about 1.1 trillion drams

    Wednesday, November 12th, 2014

    Armenia-based 21 commercial banks’ overall lending to private enterprises surged by 18.5 percent in the third quarter this year from the same period last year to a little over 1 trillion drams

    Eurasian Development Bank to provide $10 million loan to Ardshininvestbank

    Wednesday, November 12th, 2014

    The Eurasian Development Bank (EDB) signed November 11 a loan agreement with Ardshininvestbank, according to which this Armenian bank will receive US $10 million for five years to finance small and medium-sized enterprises (SMEs) in Armenia

    Armenian Credit Organizations earn 5.9bln drams in net profit in Q3

    Wednesday, November 12th, 2014

    Armenian credit organizations earned in the third quarter about 5,894 million drams in net profit, an increase of 15.7% compared to Q3 2013

    Central Bank of Armenia claims servers were not hacked

    Wednesday, November 12th, 2014

    The Central Bank of Armenia (CBA) refuted on Tuesday reports about its servers being hacked

    Loan investments, leasing by Armenia’s credit organizations rise to 186.2bln drams

    Wednesday, November 12th, 2014

    Loan investments and leasing transactions by Armenia’s credit organizations rose to about 186.2 billion drams in the third quarter, an increase of 17% compared to Q3 2013, according to ARKA’s “Credit Organizations of Armenia” bulletin for the period