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  • Archive for February 9th, 2016

    Anelik bank's loan portfolio in 2015 increased by 5.33% to 61.738 billion drams

    Tuesday, February 9th, 2016

    Anelik Bank’s loan portfolio in 2015 increased by 5.33% to 61.738 billion drams, while the average figure across Armenian banking sector was only 0.69%, Ruben Melikyan

    Former MP says EEU members should switch to single currency

    Tuesday, February 9th, 2016

    Members of the Russia-led Eurasian Economic Union (EEU) must create a single currency, former Armenian prime minister Hrant Bagratyan, now an MP from the opposition Armenian National Congress (ANC), said today

    The number of banks in Armenia may reduce to 14-16

    Tuesday, February 9th, 2016

    The number of banks in Armenia may drop from the current 21 to 14-16, Ruben Melikyan, Chief Financial Officer of the Lebanese-owned bank and a member of its Board, said in an interview with ARKA news agency

    MP says Armenia’s central bank spends from $1 billion to $1.5 billion a year to shore up national currency

    Tuesday, February 9th, 2016

    Armenia’s Central Bank has to spend from $1 billion to $1.5 billion a year to shore up the exchange rate of the national currency, the dram, ex-prime Hrant Bagratyan said today