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  • Archive for March, 2016

    ArmSwissbank to start providing pre-export financing

    Friday, March 25th, 2016

    ArmSwissbank will start providing pre-export financing, which is a new instrument introduced by Export Insurance Agency of Armenia

    USD drops by 0.8 percentage point over Armenian dram

    Thursday, March 24th, 2016

    The average market value of US dollar has grown today by 0.8 percentage points over the Armenian national currency from March 23 to 480.73 drams, the Central Bank said

    Anelik Bank first Armenian bank to join Moneytun international money transfer system

    Thursday, March 24th, 2016

    Anelik Bank is the first Armenian bank to join Moneytun international money transfer system, the bank’s press office reported on Thursday

    Areximbank – Gazprombank Group’s employees collect assistance for Armenian refugees from Syria

    Thursday, March 24th, 2016

    Areximbank – Gazprombank Group’s employees have collected assistance for Armenian refugees from Syria as part of the campaign ‘You are Not Alone’ run under the patronage of Russia’s embassy and center for science and culture in Armenia

    ACBA Leasing to receive $2 million loan from EBRD

    Thursday, March 24th, 2016

    Armenian credit organization “ACBA Leasing” will receive a $2 million loan from the European Bank for Reconstruction and Development (EBRD). The loan agreement was signed on March 12

    Moody’s downgrades two Armenian banks” ratings

    Wednesday, March 23rd, 2016

    Moody’s Investors Service has today taken rating actions on the two Armenian banks — Ardshinbank CJSC and VTB Bank (Armenia)

    Total assets of Armenia’s pension funds stand now at 35.5 billion drams

    Wednesday, March 23rd, 2016

    The total assets of Armenia’s pension funds managed by two companies stand now at 35.5 billion drams, and the annual yield is 7%, Karen Hakobyan

    Average market value of us dollar falls by 3.02 points over Armenian dram

    Tuesday, March 22nd, 2016

    The average market value of US dollar has fallen today by 3.02 points over the Armenian national currency from March 20 to 480.84 drams, the Central Bank said

    Armenian regulator sets system of differentiated obligatory insurance payments

    Tuesday, March 22nd, 2016

    The Central Bank of Armenia has set up a system of differentiated obligatory insurance payments which Armenia’s banks transfer to the deposit guarantee fund

    Central bank warns pawnshops against providing loans in foreign currency

    Tuesday, March 22nd, 2016

    Armenia’s Central Bank has warned today pawnshops against providing loans in foreign currency saying it is illegal