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  • Archive for September 10th, 2015

    Residents' deposits in drams in Armenian banks grow 1.8% to AMD 513.3 billion in July

    Thursday, September 10th, 2015

    Residents’ deposits in drams in Armenian banks grew 1.8% over July 2015 to AMD 513.3 billion, and their deposits in dollars increased by 5.7% to AMD 920.7 billion, the Central Bank of Armenia reports

    Banks’ cards used outside country to make 8 billion drams worth transactions in July

    Thursday, September 10th, 2015

    Plastic cards issued by Armenian commercial banks were used outside the country to make about 8 billion drams worth transactions in 2015 July, an almost 30% rise from the previous month, according to Central Bank’s bulletin. The number of transactions grew by 12.3 percent to 157,700

    Armenian banks’ problems stem from their isolation- former central bank governor

    Thursday, September 10th, 2015

    Armenia’s banking sector has accumulated a great deal of problems which can be explained to a certain degree by their isolation, a former governor of Armenia’s Central Bank, Bagrat Asatryan, said in an interview with ARKA

    Refinancing rate ineffective monetary policy instrument for Armenia – expert

    Thursday, September 10th, 2015

    Refinancing rate is not an effective monetary policy instrument for Armenia, where the national currency’s exchange rate determines things, Bagrat Asatryan, a former head of the Central Bank of Armenia, said in an interview with ARKA News Agency

    Bad assets at Armenia's banks continue growing – Bagrat Asatryan

    Thursday, September 10th, 2015

    Bad assets at Armenia’s banks will continue growing, Bagrat Asatryan, a former head of the Central bank of Armenia, said in an interview with ARKA News Agency