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    December 2014
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  • Archive for December 29th, 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