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  • Archive for August, 2015

    Private and corporate deposits in Armenian banks grow by 2.3% in six months to 1.069 trillion drams

    Wednesday, August 19th, 2015

    Armenian private and corporate bank deposits grew by 2.3% in the first six months of the year to 1.069 trillion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” showing the performance of Armenian banks in the second quarter of 2015

    Some $7.47 million worth transactions with Eurobonds made at Armenia’s secondary securities market in 2015 June

    Wednesday, August 19th, 2015

    A total of $7.47 million worth Eurobonds were traded at Armenia’s secondary securities market in 2015 June, up from $1.7 million traded in May, the Central Bank said in its monthly bulletin for June 2015

    Share of nonperforming assets at banks in Armenia reaches 8.23% by late June 2015

    Wednesday, August 19th, 2015

    The share of nonperforming and written-off assets at banks in Armenia reached 8.23% in late June 2015 after growing 0.04 percentage points over that month and 2.05 percentage points since the beginning of this year, the Central Bank of Armenia says on its website

    Internet transactions carried out in Armenia by using payment cards grow 19% to AMD 4.2 billion

    Wednesday, August 19th, 2015

    Internet transactions carried out by using payment cards issued by Armenian and foreign banks amounted to AMD 4.2 billion in late June 2015 – 19% more than in the previous month, the Central Bank of Armenia reports in the latest issue of its monthly bulletin

    Private remittances to Armenia slash by 30.5% to about $ 537.1 million

    Tuesday, August 18th, 2015

    Private remittances sent to Armenia mostly by labor migrants in the first six months of 2015 for non-commercial purposes slashed further by 30.5% from the year earlier to about $ 537.1 million, according to the Central Bank’s monthly bulletin for June 2015

    Russia’s GDP drop may amount to 4 percent, economist says

    Tuesday, August 18th, 2015

    A Kremlin’s economic advisor Andrei Belousov said Russia’s gross domestic product (GDP) could drop by 4% this year, far more than expected by the government

    The agreement on exchange of information poses no threat to Armenia’s interest, deputy head of central bank says

    Tuesday, August 18th, 2015

    A deputy governor of Armenian Central Bank downplayed today concerns that an agreement on exchange of information between member states of the Eurasian Economic Union (EEU) may damage Armenia’s national interests

    Armenian banks’ credit investments drop by 4.5% in first half to 2.069 trillion drams

    Tuesday, August 18th, 2015

    In the first half of 2015 Armenian commercial banks appear to have cut their credit investments by 4.5%, which stood at 2.069 trillion drams in late June, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” which shows the performance of Armenian banks for the second quarter of 2015

    US dollar drops by 0. 45 p.p. against Armenian dram

    Tuesday, August 18th, 2015

    The US Dollar has dropped today by 0.45 percentage points over Armenia’s national currency from August 17 to 477.62 drams, the Central Bank said

    US dollar rises by 0.02 p.p. against Armenian dram

    Monday, August 17th, 2015

    The US Dollar has grown today by 0.02 percentage points over Armenia’s national currency from August 14 to 478.07 drams, the Central Bank said