Armenian banks should have shown some support to their borrowers who faced serious problems in repaying their dollar-denominated loans after Armenia’s national currency
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Archive for January, 2015
Consumer watchdog head says banks could have supported borrows from unsecured groups
Friday, January 16th, 2015Russia may appear in fatf black books if implement capital amensty
Friday, January 16th, 2015The full capital amnesty announced by Russian President Vladimir Putin contradicts the principles of FATF (Financial Action Task Force –an intergovernmental organization whose objectives are to set standards and promote effective implementation of legal
Swiss stock market ends thursday’s session in heavy loss
Friday, January 16th, 2015The Swiss stock exchange ended Thursday’s session with a heavy loss after the Swiss National Bank unexpectedly decided to discontinue its currency ceiling, Vestifinance.ru reports
Moody’s downgrades Armenia’s idr from Ba2 to Ba3, outlook from stable to negative
Friday, January 16th, 2015Moody’s Investors Service has today downgraded Armenia’s issuer and government bond rating to Ba3 from Ba2, and changed the outlook to negative from stable, the agency’s website reports
Planned consolidation of Armenian banks aimed at improving their standing in international market- economist says
Thursday, January 15th, 2015The planned consolidation of Armenian banks is aimed at improving the standing of the Armenian banking system in the international market, an economist Vardan Bostanjyan told ARKA
VTB Bank (Armenia) not in risky zone and needs no merger
Thursday, January 15th, 2015VTB Bank (Armenia) denies a media report about its total capital amount and inclusion of the bank in the risky zone, the bank’s press office reported on Thursday
Expected consolidation of banks in Armenia to have no positive impacts on country's economy - Economist
Thursday, January 15th, 2015The expected consolidation of banks in Armenia will have no positive impacts on the country’s economy, Vardan Bostanjyan, an economist, said Thursday at a news conference
Loan portfolio of Armenian banks’ branches in Karabakh stood at 98,234 mln drams in January
Thursday, January 15th, 2015Total loan portfolio of branch offices of the Armenian commercial banks in Nagorno-Karabakh Republic (NKR) stood at 98,234 million drams as of January 1 this year, an increase of 18.6% compared to the same period of 2014
Armenia’s Central Bank refutes allegations about pensioners’ failure to get their pensions in early January
Thursday, January 15th, 2015The Central Bank of Armenia said the rumors than pensioners failed to get their pensions as banks were closed on January 3 and 4, are not true, CBA’s press office reported
WB downgrades 2015 Armenia economy growth forecast
Wednesday, January 14th, 2015The World Bank is currently projecting a 3.3% economic growth for Armenia for 2015 as compared to 5% before, according to WB’s Global Economic Prospects report released this January
