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  • Archive for February, 2016

    Areximbank-Gazprombank Group starts accepting payments via TelCell terminals

    Thursday, February 18th, 2016

    Areximbank-Gazprombank Group proposes its clients to make banking transactions by using convenient and modern means via payment terminals connected to TelCell system

    Combined amount of credit portfolios of Armenian banks’ branches in NKR drops by 16.7%

    Wednesday, February 17th, 2016

    As of February 1, 2016 the combined amount of credit portfolios of Armenian banks’ branches in the Nagorno-Karabakh Republic (NKR) stood at 79.6 billion drams, a drop of 16.7% compared to the same period of 2015

    Total time deposits in Armenia-based commercial banks increased by 12.3% in 2015 to 1.282.2 trillion drams

    Wednesday, February 17th, 2016

    The total amount of time deposits in Armenia-based commercial banks increased by 12.3% in 2015 to 1.282.2 trillion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” for the fourth quarter of 2015

    ARKA News Agency releases fresh issue of ‘Banks of Armenia’ bulletin– 4th Q 2015

    Wednesday, February 17th, 2016

    ARKA News Agency released a new issue of its quarterly bulletin “Banks of Armenia”

    Ranking of Armenian banks by size of assets in 2015

    Wednesday, February 17th, 2016

    The total assets of 21 commercial banks in Armenia grew by 4.67% in 2015 to 3.548.1 trillion drams, according to ARKA news agency’s latest ranking of Armenian banks by size of assets

    Central bank cuts key rate to 8.5 percent

    Tuesday, February 16th, 2016

    Armenia’s Central Bank has cut today the key refinancing rate by 0.25 percentage points to 8.5. The regulator said 2.2% inflation was recorded in January 2016, down from 2.5% recorded in 2015 January

    Kamurj closes 2015 with 300 million profit

    Tuesday, February 16th, 2016

    ‘Kamurj’ universal credit organization said today it had closed 2015 with a profit of 370 million drams. It said also its assets stood at 15.6 billion drams at the end of last year and its loan portfolio was worth about 12 billion drams

    Unibank Privé announces ‘profitable investment and new opportunities’ for worldwide Armenian Diaspora

    Tuesday, February 16th, 2016

    Armenia-based Unibank’s Unibank Privé program has announced ‘profitable investment and new opportunities’ for the worldwide Armenian Diaspora

    Armenian regulator may down refinancing rate – newspaper

    Tuesday, February 16th, 2016

    The Central Bank of Armenia is likely to lower the refinancing rate, according to Haykakan Zhamanak

    Armenia’s public debt remains sustainable, fiscal consolidation needed to reduce it - IMF

    Tuesday, February 16th, 2016

    Armenia’s public debt remains sustainable, although risks are elevated, Hossein Samiei, the newly-appointed IMF Mission Chief to Armenia, said in an exclusive interview with ARKA News Agency