Armenian Prime Minister Hovik Abrahamyan said today he did not expect serious turmoil in the financial market
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Archive for December, 2014
Prime minister does not expect serious turmoil in financial market
Monday, December 29th, 2014Armenia’s commercial banks purchase about $110.8 mln at intra-banking forex market last week
Monday, December 29th, 2014Armenian 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
Banks’ assets account for 83% on Armenia’s GDP - Javadyan
Monday, December 29th, 2014The 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, 2014Consolidation 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, 2014Armenia’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, 2014VTB 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, 2014Armenia’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, 2014Russian 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, 2014The 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
