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  • Archive for January, 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

    VTB Bank (Armenia) joins best money transfer system

    Friday, January 23rd, 2015

    VTB Bank (Armenia) said today it has become the only bank in Armenia so far to have joined a new system of remittances called BEST

    Euro loses 21 points against Armenian dram after ECB announcement

    Friday, January 23rd, 2015

    European Union’s single currency has lost 21 points against Armenian national currency, the dram, today and was trading at 529.14 drams, the Central Bank said

    Bas-relief of Lord Byron opens in Yerevan

    Friday, January 23rd, 2015

    A bas-relief of the great English poet Lord George Gordon Byron, a great friend of the Armenian people who is known for his Armenian studies, was inaugurated today in downtown Yerevan near the head office of ACBA-CREDIT AGRICOLE BANK

    Ex-president says authorities should have acted in coordinated way to prevent dram's decline

    Friday, January 23rd, 2015

    Former president Robert Kocharyan criticized today Armenian authorities for taking insufficient efforts to prevent a dramatic decline of the national currency last December saying the central bank and other government agencies should have acted quickly and in a coordinated way by using all the available monetary, fiscal and administrative instruments of influence

    Armenia’s Ardshininvestbank earns 4.2bln drams in net profit in 2014

    Friday, January 23rd, 2015

    Net profit of Armenia’s Ardshininvestbank amounted to 4.2 billion drams by the end of 2014, the bank’s press office reported

    Consolidation of Armenian banks will strengthen banking industry, economist says

    Thursday, January 22nd, 2015

    Consolidation of Armenian banks, which will fail to meet a new minimum capital requirement, set by the regulator, will only strengthen the banking industry, according to economist Vilen Khachatryan

    Armenia’s regulator lowers Lombard repo rate to 17%

    Thursday, January 22nd, 2015

    The council of the Central Bank of Armenia (CBA) lowered the Lombard repo rate by 3 percentage points to 17% at its meeting on Wednesday, the regulator’s press office reported

    Central Bank raised refinancing rate to 9.5% in Armenia

    Thursday, January 22nd, 2015

    The council of the Central Bank of Armenia (CBA) increased the refinancing rate by one percentage point to 9.5% at its special meeting on Wednesday, the press office of the regulator reported

    Areximbank – Gazprombank Group increases authorized stock to 25.9bln drams

    Thursday, January 22nd, 2015

    Areximbank – Gazprombank Group has raised its authorized stock by 9.4 billion drams or $20 million to a total of 25.9 billion drams, the bank’s press office reported