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  • Archive for May, 2015

    Children’s entertainment center to open in Yerevan funded by VTB Bank (Armenia)

    Monday, May 25th, 2015

    VTB Bank (Armenia) has funded a children’s entertainment center construction project in Yerevan, the bank’s press office reported

    Nearly $5.55 mln traded at NASDAQ OMX Armenia stock exchange last week

    Monday, May 25th, 2015

    The Central Bank of Armenia said nearly $5.55 mln was traded at NASDAQ OMX Armenia stock exchange from May 18 to 22, 2015

    Armenia’s commercial banks purchase about $77.6 mln at intra-banking forex market last week

    Monday, May 25th, 2015

    YEREVAN, May 25. /ARKA/. Armenian commercial banks purchased about $77.6 mln at a weighted average rate of 479.45 drams per $1 in intra-banking foreign exchange market on May 18 to 22, the press service of the Central Bank reported. In the same period, about 8.6 mln euros and about 768.5 mln rubles were purchased on […]

    Liquidity at Armenia's banks sheds to 24.1% in March – Central Bank

    Friday, May 22nd, 2015

    The total liquidity rate of Armenia’s banks (high-liquidity assets/total assets) stood at 24.1% in late March after shedding 0.9 percentage points over the month, the Central Bank of Armenia reports at its website

    Armenian Card completes 3D Secure certification for Visa and MasterCard in 2014

    Friday, May 22nd, 2015

    Exclusive interview of the executive director of Armenian Card payment system Ishkhan Mkhitaryan to ARKA News Agency

    VTB Bank (Armenia) offers superrate installment crediting service

    Friday, May 22nd, 2015

    VTB Bank (Armenia) offers SuperRate installment crediting service to clients as part of Installment Credit product to enhance their loyalty, the bank’s press office reported on Friday

    Banks' capital adequacy rate rises to 15.1% in Armenia in March 2015 as capital grows and assets reduce

    Thursday, May 21st, 2015

    Banks’ capital adequacy rate (total capital/risk weighted assets) rose to 15.1% in Armenia in March 2015 as capital grew and assets reduced

    Government asks central bank to reconsider its agricultural and inflation projections

    Thursday, May 21st, 2015

    The Armenian government has asked the Central Bank to revise upward its earlier forecast for agricultural growth and downward its inflation prediction, deputy finance minister Vakhtang Mirumyan told a Cabinet session today

    Six banks fined $5.6bn over rigging of forex markets

    Thursday, May 21st, 2015

    Six global banks will pay more than $5.6bn to settle allegations that they rigged foreign exchange markets, in a scandal the FBI said involved criminality “on a massive scale”, ft.com reported

    Armenia-based banks’ average returns on assets falls to 0.27% in quarter one

    Wednesday, May 20th, 2015

    Armenian commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, fell to 0.27% in the first quarter of 2015 from 0.91% in late December 2014