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  • Archive for December, 2014

    Prime minister does not expect serious turmoil in financial market

    Monday, December 29th, 2014

    Armenian Prime Minister Hovik Abrahamyan said today he did not expect serious turmoil in the financial market

    Armenia’s commercial banks purchase about $110.8 mln at intra-banking forex market last week

    Monday, December 29th, 2014

    Armenian commercial banks purchased about $110.8 mln at a weighted average rate of 457.36 drams per $1 in intra-banking foreign exchange market on December 22 to December 27

    VTB Bank (Armenia) expands its phone banking service

    Monday, December 29th, 2014

    VTB Bank (Armenia) has introduced its “phone banking” service for organizations and private entrepreneurs, having in mind the growing demand, says the bank’s press office

    Banks’ assets account for 83% on Armenia’s GDP - Javadyan

    Monday, December 29th, 2014

    The current financial system assets to GDP ratio is 83% in Armenia and the loans to GDP is 50%, higher than in other countries of the region, the head of the country’s central bank Artur Javadyan said at the New Year reception on Friday

    Consolidation of Armenia’s banking system to help resist external shocks

    Monday, December 29th, 2014

    Consolidation of the banking system will facilitate external shock resistance, head of the Central Bank of Armenia Artur Javadyan said at a New Year reception in the bank

    Armenia’s reserves sufficient for guarding against financial instability - president

    Saturday, December 27th, 2014

    Armenia’s reserves are sufficient for prevention of financial instability, Armenian president Serzh Sargsyan said at a New Year reception in the central bank

    VTB Bank (Armenia) reopens renovated branch in Amasia

    Friday, December 26th, 2014

    VTB Bank (Armenia) has reopened today the renovated branch in the village of Amasia in the north-western province of Shirak

    Armenia’s Central Bank sells $2 million to commercial banks at 463.78 drams per one US dollar

    Friday, December 26th, 2014

    Armenia’s Central Bank has sold today $2 million to commercial banks at the average weighted exchange rate of 463.78 drams per one US Dollar

    Ulyukaev: key interest rate should be lowered throughout 1st Q 2015

    Friday, December 26th, 2014

    Russian Economic Development Minister Alexey Ulyukaev proposes the central bank to down its key interest rate throughout the first quarter of them next year, according to Banki.ru

    Raising reserve requirement deprives economy of 100bln drams – ex-head of Armenian Central Bank

    Friday, December 26th, 2014

    The raising of the reserve requirement in foreign currency for commercial banks will deprive the country’s economy of some 100 billion drams, the ex-head of the central bank Bagrat Asatryan said at a news conference on Thursday