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  • Archive for November, 2015

    VTB Bank (Armenia) team wins second place at rapid chess tournament

    Tuesday, November 24th, 2015

    VTB Bank (Armenia) team was second in the team event of the 8th amateur championship of Armenia-based commercial banks and financial institutions in rapid chess

    Economic growth in Armenia believed to stand at 3.4-3.6% in 2015 – central bank

    Tuesday, November 24th, 2015

    Economic growth in Armenia is believed to stand at 3.4-3.6% in 2015, the Central Bank of Armenia says in an inflation report based on its monetary policy program for the fourth quarter of this year and performance of the monetary policy in the third quarter

    Armenian commercial banks’ return on assets grew by 0.05 p.p. in quarter 3 to 0.53%

    Tuesday, November 24th, 2015

    Armenian commercial banks’ Return on Assets (ROA), an indicator of how profitable a company is relative to its total assets, averaged 0.53% in the third quarter of 2015 against 0.49% in the second quarter

    Commemorative coins 'Wild Trees of Armenia' get highest awarded at Madrid numismatic contest

    Tuesday, November 24th, 2015

    Commemorative coins “Wild Trees of Armenia” received the “Best Circulated Commemorative Coins – 2015” award of the international numismatic contest in Madrid, organized by the International Association of Currency Affairs, the press service of the Central Bank of Armenia said

    Anelik Bank raffles a trip to Dubai for two

    Tuesday, November 24th, 2015

    As part of its ‘New Year in Dubai’ special offer the Anelik Bank will raffle a New Year trip for two to Dubai in the United Arab Emirates as well as other valuable prizes, including tablets, TV sets and smartphones

    External loans must be invested in paying projects, economist says

    Monday, November 23rd, 2015

    External funds attracted by the government of Armenia from international lending institutions must be invested in effective and paying projects, an economist Vardan Bostanjyan said today

    Armenian banks lower their 12-month inflation forecast for 2015

    Monday, November 23rd, 2015

    A survey conducted among Armenia-based banks revealed that they expect this year’s 12-month average inflation to be 4.3%, down from their previous average forecast of 4.7%, the Central Bank of Armenia said today in a report on its monetary policy for the third quarter of 2015

    Armenian banks bought $81.7 million in one week

    Monday, November 23rd, 2015

    Twenty-one Armenia-based commercial banks bought a total of $81.7 million from the local foreign exchange intra-market from November 16 to 20 at the weighted average exchange rate of 480.88 drams per $1, the press service of the Central Bank of Armenia said

    Some $3.08 million traded at NASDAQ OMX Armenia stock exchange last week

    Monday, November 23rd, 2015

    A total of $3.08 million was traded at NASDAQ OMX Armenia stock exchange November 16 to 20, the press service of the Central Bank of Armenia told ARKA

    US dollar drops by 0.14 points over Armenian dram

    Friday, November 20th, 2015

    The average market value of US dollar has dropped today by 0.14 points over the Armenian national currency to 481.70 drams, the Central Bank said