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  • Archive for October 22nd, 2015

    ACBA-CREDIT AGRICOLE BANK helps install solar water heaters at Vanadzor branch of Orran charity organization

    Thursday, October 22nd, 2015

    Solar water heaters were installed at the Vanadzor branch of Orran charity organization with the assistance of ACBA-CREDIT AGRICOLE BANK

    Banks’ problems result from overall economic situation, head of Union of Armenian Banks says

    Thursday, October 22nd, 2015

    Problems of Armenian banks result from the overall economic situation in the country, Samvel Chzmachyan, the chairman of the Union of Armenian Banks, said in an interview with the local daily “Zhamanak.”

    Armenian banks cautious in lending money because of high mandatory reservation requirement

    Thursday, October 22nd, 2015

    Armenian banks became cautious in lending money as the central bank doubled its requirement of mandatory reservation in foreign currencies, Samvel Chzmachyan, the chairman of the Union of Banks of Armenia said in an interview with Zhamanak

    VTB Bank (Armenia) offers accumulation accounts with an 8% interest rate

    Thursday, October 22nd, 2015

    VTB Bank (Armenia) offers accumulation accounts with an 8% interest rate, the bank reported on Thursday in its news release

    ACBA-CREDIT AGRICOLE BANK contributes to restoration of Jukhtavank Monastery's doors

    Thursday, October 22nd, 2015

    All-Armenian Youth Movement NGO, with Tavush Diocese Bishop Bagrat Galsyan’s blessing and support from ACBA-CREDIT AGRICOLE BANK has initiated restoration of Jukhtavank Monastery Complex’s doors, the bank reported Thursday in its news release

    Eurasian Development Bank head refrains from making quick forecasts

    Thursday, October 22nd, 2015

    The Eurasian Development Bank Governor Dmitry Pankin, said in an exclusive interview with ARKA News Agency that he would like not to be quick in forecasting GDP growth in Armenia

    Eurasian Development Bank's strategic objective is to build up its loan portfolio - Pankin

    Thursday, October 22nd, 2015

    The Eurasian Development Bank’s strategic objective is to build up its loan portfolio, Dmitry Pankin, the bank governor, said in an exclusive interview with ARKA News Agency

    Armenian banks’ capital on the rise

    Thursday, October 22nd, 2015

    In the first 9 months of 2015 the total capital of Armenian banks increased by 7.2% to 511.3 billion drams, while their assets decreased by 2.1% to 3.318.3 trillion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia.”

    EADB to provide first $100 million tranche of $300 million stabilization loan to Armenia in December

    Thursday, October 22nd, 2015

    The Eurasian Development Bank (EADB) is very likely to provide the first $100 million tranche of a $300 million stabilization loan to Armenia before the end of this year, Dmitry Pankin

    Armenian banks see their net profit for 9 months slash by 53 percent

    Thursday, October 22nd, 2015

    In the first nine months of 2015 Armenian commercial banks saw their net profits slash by 53.3% year-on-year – from about 13.130 billion drams to about 8.130 billion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” (performance of Armenian banks in the third quarter of 2015)