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  • Archive for October, 2015

    Anelik Bank raises security of e-commerce to maximum highest level for holders of VISA and MasterCard payment cards

    Friday, October 30th, 2015

    Anelik Bank said today it has raised to a new higher 3D secure level the e-commerce for holders of Visa and MasterCard payment cards

    More than 94% of private bank deposits in Armenia now insured

    Friday, October 30th, 2015

    More than 94% of private bank deposits in Armenia are fully insured, Veit H.Gesenhues, head of the Armenian office of the German Savings Banks Foundation for International Cooperation, told local reporters today

    Merger with BTA Bank will increase Armeconombank’s regulatory capital

    Friday, October 30th, 2015

    Armeconombank’s expected merger with BTA Bank will increase our regulatory capital, Saribek Sukiasyan, a shareholder of Armeconombank, said in an interview with Armenian daily “Hraparak.”

    Eurasian Economic Union development banks to support export-oriented industries

    Friday, October 30th, 2015

    The Eurasian Economic Union member countries’ development banks have signed a cooperation memorandum and made a joint decision on sectoral development, Andrei Slepnyov, a member of the Eurasian Economic Commission border

    ACBA-CREDIT AGRICOLE BANK re-launches renovated ‘Lori’ branch in Vanadzor

    Thursday, October 29th, 2015

    ACBA-CREDIT AGRICOLE BANK has re-launched today its renovated and modernized ‘Lori’ branch in Armenia’s third largest town of Vanadzor

    Central Bank of Armenia and National Bank of Belgium to deepen ties

    Tuesday, October 27th, 2015

    Mark Werlei and Xavier Havian, two senior officials from the financial monitoring department of the Belgian National Bank

    Anelik Bank announces new lending program for farmers

    Tuesday, October 27th, 2015

    Armenia-based Anelik Bank has announced today a new lending tool designed specifically for farmers as part of two credit programs – “Rural Financial Structure” and “Millennium Challenges.”

    VTB Bank (Armenia) raises its authorized capital to 37.8 billion drams

    Tuesday, October 27th, 2015

    VTB Bank (Armenia) said today it has raised its authorized capital to 37.8 billion drams. According to a press release, VTB Bank plc (the Russian parent company) has bought the entire additional issue of shares by VTB Bank (Armenia) in the amount of 17 billion drams

    Amount of government-insured private deposits in Armenia's banks increased 2.5 times

    Monday, October 26th, 2015

    On Monday, the Armenian National Assembly passed at the final reading a law that raises the amount of government-insured private deposits in Armenia’s banks about 2.5 times to AMD 10 million against the present 4 million for dram deposits and AMD 5 million against the current 2 million for deposits in foreign currencies

    Top five profit-gainers among Armenian banks

    Monday, October 26th, 2015

    Aggregate profits of Armenia’s banks for Jan-Sept 2015 totaled about AMD 23.1 billion – 53.4% less than at the same period a year before