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    May 2016
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  • Archive for May 13th, 2016

    Dollarization and depreciation hurt CIS banks

    Friday, May 13th, 2016

    YEREVAN, May 13. /ARKA/. Banks with highly dollarised balance sheets in CIS countries and Georgia are being hurt by their domestic currencies’ considerable depreciation against the US dollar, says Fitch Ratings. Banks have been most severely hit in Azerbaijan and Ukraine, where regulatory support was not forthcoming. Banks in Kazakhstan, Russia and Belarus were partly […]

    Interest rates on loans in March were lower than in April

    Friday, May 13th, 2016

    Interest rates on loans provided by commercial banks to private persons in 2016 March were slightly lower when compared to April, according to Central Bank of Armenia data

    Areximbank – Gazprombank Group offers preferences on gold-secured loans

    Friday, May 13th, 2016

    Areximbank – Gazprombank Group announced an offer on extending loans secured by golden jewelry

    Armenian banks’ lending to private sector grows by 0.2% in quarter one

    Friday, May 13th, 2016

    In the first quarter of 2016 lending to private companies by Armenia-based banks grew by 0.2% from the beginning of the year to 1.346.6 trillion drams

    Unibank's private lending portfolio triples in one quarter to 54 billion drams

    Friday, May 13th, 2016

    Unibank said today that its private lending portfolio amounted to 54 billion drams as of late 2016 March, while the number of loans exceeded 173,000