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  • Archive for October, 2015

    A total of $3.87 million traded last week at NASDAQ OMX Armenia stock exchange

    Monday, October 26th, 2015

    A total of $3.87 million were traded at NASDAQ OMX Armenia stock exchange on October 19 -23, up from $1.55 million traded a week earlier, the Central Bank of Armenia said today

    Armenian central bank auctions 500 million drams

    Monday, October 26th, 2015

    Armenia’s Central Bank said it has auctioned October 26 some 500 million drams worth short-term government bonds of AMGT13251168 issue maturing in 13 weeks. It said a total of 925.5 million drams worth bids had been submitted, of which 913.5 million drams worth bids were competitive

    Armenian banks bought $70.5 million last week from local Forex market

    Monday, October 26th, 2015

    Twenty-one Armenia-based commercial banks bought a total of $70.5 million from the local forex market from 19th to 23rd of October at the average weighted exchange rate of 470.67 drams per one US Dollar

    Rumor going around about Inecobank's intention to buy Procredit bank denied by both banks

    Saturday, October 24th, 2015

    The rumors going around about Inecobank’s intention to buy ProCredit Bank have been denied by both banks

    Credit investments of Armenia's commercial banks increased 4.3% since the beginning of this year to AMD 2 074.1 billion by the end of 3rd Q

    Friday, October 23rd, 2015

    Credit investments of Armenia’s commercial banks have shrunk 4.3% since the beginning of this year to AMD 2 074.1 billion by the end of the third quarter, according to a fresh issue of ARKA News Agency’s ‘Banks of Armenia’ Bulletin

    Recent dram revaluation due to improvement of Armenia's payment balance external account

    Friday, October 23rd, 2015

    The recent revaluation of the Armenian dram was due to the improvement of the external account of Armenia’s payment balance, Smvel Chzmachyan, the head of the Union of Banks of Armenia, said in an interview with Zhamanak (Time)

    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