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  • Archive for September, 2015

    Armenian banks find place among 200 largest CIS banks

    Wednesday, September 30th, 2015

    For the first time three Armenian banks have appeared in the list of 200 largest banks in the Commonwealth of Independent States (CIS), compiled by RIA Rating agency

    Armenia's international gross reserves shrink 3.3% to $1 646 million in August

    Wednesday, September 30th, 2015

    Armenia’s international gross reserves totaled $1 646 million in late August 2015 after shrinking 3.3% over one month, according to preliminary figures of the Central Bank of Armenia

    Western Union would not mind to going back to Armenia

    Wednesday, September 30th, 2015

    The Western Union global payment system would not mind to going back to the Armenian market, president of the system Hikmet Ersek said in an interview to Russian business daily ‘Vedomosti”

    Anelik bank extends working hours of its Tigran Mets branch

    Tuesday, September 29th, 2015

    Anelik Bank has extended the working hours of its Tigran Mets branch on weekdays until 8 pm, ‘to provide its customers with more convenient and affordable services.’

    ACBA-CREDIT AGRICOLE BANK organizes charity football match with Yuri Djorkaeff

    Tuesday, September 29th, 2015

    A charity football match between ACBA-CREDIT AGRICOLE BANK’s team and an Armenian journalists team will be held October 2 at 5.30 pm local time at Pyunik Stadium in the Armenian capital city Yerevan

    VTB Bank (Armenia) improves lending terms for small businesses

    Tuesday, September 29th, 2015

    VTB Bank (Armenia) has improved the terms of lending to small businesses, saying in a press release that it has been paying a special attention to this segment of the economy

    Cost of U.S. dollar rises by 0.46 points against Armenian dram

    Monday, September 28th, 2015

    The cost of US Dollar has grown today by 0.46 points against Armenian national currency from September 25 to 475.81 drams, the central bank reported

    Some $5.2 million traded at NASDAQ OMX Armenia last week

    Monday, September 28th, 2015

    A total of $5.2 million were traded at NASDAQ OMX Armenia stock exchange from September 22 to 25. This compares with $300,000 worth transactions effected at the exchange in the previous week, the Central Bank of Armenia said

    Armenian banks bought $67 million from local forex market in four days

    Monday, September 28th, 2015

    Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said

    Bank of Cyprus completes sale of its 100% stake in Uniastrum to Artem Avetisyan

    Monday, September 28th, 2015

    Russian business daily ‘Kommersant’ said the Bank of Cyprus has completed the sale of its 100% stake in its Russian subsidiary – Uniastrum – to Artem Avetisyan (ethnic Armenian businessman, based in Russia), for 7 million euros