Armenian commercial banks purchased about $89.6 mln at a weighted average rate of 473.07 drams per $1 in intra-banking foreign exchange market on March 23 to 27, the press service of the Central Bank reported
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Archive for March, 2015
Armenia’s commercial banks purchase about $89.6 mln at intra-banking forex market last week
Monday, March 30th, 2015Former premier strongly opposed to replenishment of Armenia’s Government reserves with eurobond placement money
Friday, March 27th, 2015Hrant Bagratyan, a former Armenian prime minister, finds it wrong to fill the government reserves with the money received from placement of Eurobonds
Armenian dram may drop by another 15-20% in the next months – newspaper
Friday, March 27th, 2015The Armenian dram may further drop – by another 15-20% in the next months, provoking a new inflation wave, former prime-minister of Armenia, member of the National Assembly Hrant Bagratyan said in his interview to Zhamanak (Time) newspaper
Armenian finance ministry buys back mid-and long-term government bonds
Friday, March 27th, 2015Armenia’s ministry of finance said it has conducted an auction today to buy back 500 million drams worth mid-term government (treasury) bonds of AMGN60294174 issue
Stiff competition among banks in Armenia downs their profitability
Thursday, March 26th, 2015Reduction of interest spread under a stiff competition among Armenia’s banks downed their profitability
Armenia's government taking steps to spur lending – vice-premier
Thursday, March 26th, 2015Armenia’s government, central bank and commercial banks are taking joint steps to spur lending, Vache Gabrielyan, vice-premier and economic integration and reforms minister, said on Thursday
Armenian government raises $487.84 million from second Eurobond issue
Thursday, March 26th, 2015Armenia has raised $487.84 million from the second issue of Eurobonds, deputy finance minister Pavel Safaryan said at a Cabinet session today
Eurasian Development Bank’s current investment portfolio to be built up to at least $4.7 billion by late 2017
Thursday, March 26th, 2015The Eurasian Development Bank’s current investment portfolio will be built up to no less than $4.7 billion by late 2017, the bank says in the presentation of key directions of its activity
Raiffeisen bank international AG honors Araratbank with STP quality award for high-quality SWIFT remittances
Wednesday, March 25th, 2015The Austrian Raiffeisen Bank International AG has honored AraratbanK with STP Quality Award for ensuring high-quality remittances through SWIFT remittance system for the second year in a row
VTB Bank (Armenia) expects its mortgage lending to increase by 10-20% in 2015 to 3 billion drams
Wednesday, March 25th, 2015VTB Bank (Armenia) expects its mortgage lending portfolio to increase by 10-20% in 2015 to about 3 billion drams, the head of the bank’s retail business department Artak Khachatryan told a news conference today. He said last year the bank issued 17.4 billion drams worth mortgage loans
