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    February 2016
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  • Archive for February, 2016

    Interest rates on bank deposits in drams decreased in 2016 January

    Wednesday, February 24th, 2016

    Interest rates on bank deposits in Armenia’s national currency, the dram, decreased in 2016 January when compared to the previous month, while interest rates on deposits in USD grew, according to the Central Bank of Armenia data

    Parties to road accidents allowed to themselves fill in property damage claim declaration

    Wednesday, February 24th, 2016

    The Car Insurers Bureau of Armenia said beginning from March 4, motorists who get into road accidents will be allowed to themselves fill in all the papers necessary for filing damage claims worth up to 50,000 drams

    World Bank to provide Armenia with $55 million loan for infrastructure development

    Tuesday, February 23rd, 2016

    The World Bank will provide Armenia with a $55 million loan for infrastructure development, the Armenian Ministry of Finance said today

    U.S. dollar drops by 1.36 percentage point over Armenian dram

    Tuesday, February 23rd, 2016

    The average market value of US dollar has dropped today by 1.36 percentage points over the Armenian national currency from February 22 to 493.38 drams, the Central Bank said

    TelCell allowed by Armenian regulator to issue electronic money

    Tuesday, February 23rd, 2016

    The Central Bank of Armenia said today it has given TelCell company a permission to issue electronic money

    No dollar sale/purchase transactions at NASDAQ OMX Armenia last week

    Tuesday, February 23rd, 2016

    No dollar sale/purchase transactions have been effected at NASDAQ OMX Armenia over a period between February 15 and 19, the press office of the Central Bank of Armenia reports

    $85.7 million bought by Armenian banks in one week

    Tuesday, February 23rd, 2016

    Armenia-based commercial banks bought a total of $44.2 million from the local foreign exchange intra-market from February 15 to 19 at the weighted average exchange rate of 494.98 drams per $1, the press service of the Central Bank of Armenia said

    Armenian banking sector’s loan portfolio reduces for first time in 15 years

    Friday, February 19th, 2016

    Armenian commercial banks’ aggregate loan portfolio amounted to AMD 2 119.5 billion in late December 2015 showing a 3.1% year-on-year decline, the Central Bank of Armenia reports on its official website

    Armenian central bank auctions short-term government bonds worth AMD 1 billion

    Friday, February 19th, 2016

    The Central Bank of Armenia auctioned Thursday 52-week AMGT52162177 government bonds worth AMD 1 billion, the press office of the regulator reported on Friday

    Armenian banks’ capital adequacy ratio grew last year to 16.2%

    Thursday, February 18th, 2016

    Armenian banks’ capital adequacy ratio (the ratio of a bank’s capital and assets to its risks) in December 2015 increased to 16.2% due to active increase in their capital, as is evidenced by the data of the Central Bank