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  • Archive for July, 2015

    Armenian banks capital grows by 5.4% in first half of 2015 to 502.6 billion drams

    Tuesday, July 28th, 2015

    The capital of 21 commercial banks operating in Armenia saw a 5.4% increase in the first half of 2015 as opposed to the same time span of 2014 making a total of 502.6 billion drams, according to ARKA news agency’s quarterly bulletin “Banks of Armenia.”

    Central Bank auctions 500 million drams worth short-term government bonds

    Monday, July 27th, 2015

    Armenia’s Central Bank has auctioned today 500 million drams worth short-term government bonds of AMGT1326A159 issue maturing in 13 weeks

    Fitch affirms Armenia’s credit rating at 'B+' and forecast slightly higher economic growth

    Monday, July 27th, 2015

    The Fitch credit rating agency said today in a note that Armenia’s exposure to Russia — particularly as a source of remittances by expatriate Armenian workers — appears to be a key risk for Yerevan’s economy

    Armenian Central Bank’s total external liabilities drop by 1.9% in May to $620.7 million

    Monday, July 27th, 2015

    Armenian Central Bank’s total external liabilities in late May 2015 stood at $620.7 million, having decreased by 1.9% from the previous month, according to the regulator’s monthly bulletin for May

    Dollar-dram exchange transactions at NASDAQ OMX ARMENIA total $3.25 million last week

    Monday, July 27th, 2015

    Dollar-dram exchange transactions at NASDAQ OMX Armenia stock exchange totaled $9.35 million over a period between July 20 and 24 against $7.5 million one week before

    $62.8 million bought by commercial banks at Armenia's intra-banking forex market

    Monday, July 27th, 2015

    Commercial banks bought $62.8 million at 478.91 drams per one dollar at Armenia’s intra-banking foreign exchange market over a period between July 20 and 24

    VTB Bank (Armenia) offers student loans

    Friday, July 24th, 2015

    VTB Bank (Armenia) said today students enrolled in government-owned universities and also students from private universities with government accreditation can apply for student loans to pay their tuition fees

    Average loss rate of Armenia's insurance companies rises 1% to 51% in June

    Friday, July 24th, 2015

    The loss rate of Armenia’s insurance companies averaged 51% in June 2015 showing a one-percent month-on-month growth, the Bureau of Car Insurers of Armenia reports at its website

    Armenia can present Iran's financial interests in Eurasian Economic Union

    Thursday, July 23rd, 2015

    Armenia, as a member of the Eurasian Economic Union, can present Iran’s financial interests in the union countries, Ph.Dr. Ashot Tavadyan, the head of the department of mathematical modeling in economy at the Armenian State University of Economics, said in an interview with ARKA News Agency

    Anelik Bank raffles prizes for depositors

    Thursday, July 23rd, 2015

    Anelik Bank raffled yesterday prizes for ‘Hot Summer’ depositors. Some 1,700 residents of Armenia’s capital city and provinces took part in the draw