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  • Archive for December, 2015

    Unibank replenishes its authorized capital stock by 1.1 billion drams

    Tuesday, December 29th, 2015

    The Yerevan-based Unibank said today it will use the proceeds raised from its IPO to replenish its authorized capital stock by about 1.1 billion drams to raise it to 14.1 billion drams

    VTB Bank (Armenia) named "The Best Bank of Armenia in 2015" by Gallup International Association

    Monday, December 28th, 2015

    The Russian-owned VTB Bank (Armenia) was named “The Best Bank of Armenia in 2015” by the Gallup International Association, based on the findings of a survey it had conducted in November across the country

    Armenian central bank auctions 0.5 billion drams short-term government bonds

    Monday, December 28th, 2015

    Armenia’s Central Bank said it has auctioned today 500 million drams worth short-term government bonds of AMGT13283161 series maturing before March 28, 2016

    EBRD and Sukiasyan brothers will remain major shareholders of Armeconombank after its merger with BTA Bank in Armenia

    Monday, December 28th, 2015

    The European Bank for Reconstruction and Development (EBRD) and the Sukiasyan brothers will remain major shareholders of Armenian Armeconombank after its merger with BTA Bank in Armenia is formalized, one of the brothers, Saribek, said in an interview with “Hraparak” daily

    Deposits in Armenian banks grew by 9 percent in 12 months

    Monday, December 28th, 2015

    The total amount of deposits in Armenian banks grew by 9% in the outgoing year, the chairman of the Central Bank Artur Javadyan said last Friday. According to him, the growth was secured by a rise in private deposits, which he said is an indication of financial stability

    Central Bank of Armenia to l use profits to pay off its bills

    Saturday, December 26th, 2015

    The Central Bank of Armenia will use the profits it had earned in 2014 (more than 31 billion drams) to pay off the bills, accumulated in recent years

    Unibank completes successfully its first IPO

    Friday, December 25th, 2015

    Unibank said today its first placement of ordinary nominal shares (UNIB) through an IPO at NASDAQ OMX Armenia stock exchange, opened on December 18 was successfully completed December 24

    Moody’s affirms Unibank's ratings; outlook is stable

    Thursday, December 24th, 2015

    Moody’s Investors Service has affirmed Unibank’s baseline credit assessment (BCA) of b3, adjusted BCA of b3, counterparty risk assessment of B1(cr)NP(cr) and B2/NP bank deposit ratings

    Armenian dram holds out ok in volatile world, World Bank Country Manger for Armenia says

    Wednesday, December 23rd, 2015

    The Armenian national currency, the dram, has been demonstrating a relative stability compared with its regional neighbors’ currencies, Laura E. Bailey, the World Bank’s Country Manager for Armenia, told a news conference today. She said she even wrote about the dram in her page in Twitter

    Five most important events in Armenian banking sector according to ARKA news agency

    Wednesday, December 23rd, 2015

    Armenia’s banking sector in the outgoing year has faced a string of serious challenges – slower economic growth, weak economic activity and the worsening solvency of the population have affected the main indicators of banks