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  • Archive for January 26th, 2015

    Increasing deposit insurance coverage may force banks to raise prices of their products - Samvel Chzmachyan

    Monday, January 26th, 2015

    A decision of Armenia’s Central Bank to increase the deposit insurance coverage may force the banks to increase the price of their products, head of the Union of Armenian Banks Samvel Chzmachyan, said in an interview with the local newspaper ‘Golos Armenii’ (Voice of Armenia)

    ARKA News Agency compiles rating of Armenian largest banks by size of assets

    Monday, January 26th, 2015

    YEREVAN, January 26. / ARKA /. ARKA news agency has compiled the ranking of the leading commercial banks in Armenia by size of their assets as of December 31, 2014. According to 21 commercial banks’ reports, their total assets in 2014 amounted to 3.410.5 trillion drams, an increase of 16.06% from 2013, but despite the […]

    Head of union of Armenian banks says new requirement will not result in dramatic cut in banks number

    Monday, January 26th, 2015

    The decision of the Central Bank to raise the total capital requirement from the current 5 billion drams to 30 billion drams from 2017 will not result in a significant cut in the banks’ number, according to head of the Union of Armenian Banks Samvel Chzmachyan

    Armenian banks' net profit slashes by 41 percent in 2014

    Monday, January 26th, 2015

    In 2014 Armenian banks earned a total of 27.1 billion drams in net profit, by 41 percent down from the previous year when this figure stood at 46.3 billion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” for the last quarter of 2014

    3% year-on-year inflation recorded in Armenia in Jan-Dec 2014

    Monday, January 26th, 2015

    A three-percent year-on-year inflation rate was recorded in Armenia in Jan-Dec 2014, the National Statistical Service of Armenia reports

    Armenia’s financial ombudsman office receives 3,244 finance-related complaints in 2014 - 62% more than in 2013

    Monday, January 26th, 2015

    Armenia’s financial ombudsman office received 3,244 finance-related complaints in 2014 – 62% more than it received in 2013, the office’s press service reports

    Armenia’s commercial banks purchase about $96.4 mln at intra-banking forex market last week

    Monday, January 26th, 2015

    Armenian commercial banks purchased about $96.4 mln at a weighted average rate of 473.59 drams per $1 in intra-banking foreign exchange market on January 19 to 23

    Nearly $3.7mln traded at NASDAQ OMX Armenia stock exchange last week

    Monday, January 26th, 2015

    The Central Bank of Armenia said nearly $3.7 million was traded at NASDAQ OMX Armenia stock exchange from January 19 to January 23, 2015

    Anelik Bank draws prizes for users of money transfer systems

    Monday, January 26th, 2015

    Anelik Bank held a prize draw for users of money transfer systems available in the bank on Friday, the bank’s press office reported