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  • Archive for February, 2016

    Unibank’s common nominal stocks listed on NASDAQ OMX Armenia

    Wednesday, February 10th, 2016

    Starting from February 10, 2016, common nominal stocks issued by Unibank ojsc will be listed on NASDAQ OMX Armenia and included in the stocks’ B list

    Armenia’s gross international reserves shrink 1.7% to $1740.2 million in January 2016

    Wednesday, February 10th, 2016

    Armenia’s gross international reserves totaled $1740.2 million in late January 2016 after shrinking 1.7% or by $31 million over one month, according to the central bank’s report

    Loan interest rates in Armenia likely to start going down - forecast

    Wednesday, February 10th, 2016

    Loan interest rates in Armenia are likely to start going down, Ruben Melikyan, the financial director of Anelik Bank and a member of its board, said Tuesday in an interview with ARKA News Agency

    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

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

    Monday, February 8th, 2016

    No dollar sale/purchase transactions have been effected at NASDAQ OMX Armenia over a period between February 1 and 5, the press office of the Central Bank of Armenia reports

    Armenia-based commercial banks lower interest rates on loans and deposits

    Monday, February 8th, 2016

    Armenia-based commercial banks have lowered their interest rates on loans and deposits, according to the Central Bank’s data

    $57.7 million bought by Armenian banks in one week

    Monday, February 8th, 2016

    Armenia-based commercial banks bought a total of $57.7 million from the local foreign exchange intra-market from February 1 to 5 at the weighted average exchange rate of 489.67 drams per $1, the press service of the Central Bank of Armenia said