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  • Archive for June, 2016

    Additional stocks issued by Armeconombank listed on NASDAQ OMX Armenia

    Wednesday, June 22nd, 2016

    Starting from June 20, 2016, additional issue of common nominal stocks by “ARMECONOMBANK” OJSC will be listed on NASDAQ OMX Armenia and included in the stocks’ B list

    U.S. dollar drops by 0.47 percentage points over Armenian dram

    Monday, June 20th, 2016

    The average market value of US dollar has dropped today by 0.17 percentage points over the Armenian national currency from June 17 to 476.89 drams, the Central Bank said

    Armenian banks buy $81.7 million at forex market on June 13-17

    Monday, June 20th, 2016

    Armenian commercial banks bought a total of $81.7 million at the local intra-bank forex market from 13 to 17 of June at the average weighted exchange rate of 477.30 drams per one USD, the Central Bank said today

    Unibank opens new branch in Yerevan

    Friday, June 17th, 2016

    Unibank has opened today another branch in the Armenian capital city of Yerevan in Kanaker-Zeytun administrative district. Located at 51/9 on Paruyr Sevak Street the new branch also called ‘Paruyr Sevak’ is designed for individual customers only to make the service process as easy and fast as possible

    Araratbank plans to earn 800 million drams in net profits in 2016

    Friday, June 17th, 2016

    In 2015 Araratbank earned 942 million drams in net profit, the chairman of the bank’s board Ashot Osipyan told an annual meeting of shareholders today

    Araratbank to issue additional shares to replenish its capital

    Friday, June 17th, 2016

    Araratbank will issue additional shares to replenish its capital in accordance with the latest requirements of the Central Bank, bank’s deputy board chairman Davit Harutyunyan said today during the bank’s annual meeting of shareholders

    Araratbank not to pay dividends for 2015

    Friday, June 17th, 2016

    The annual meeting of shareholders of Yerevan-based Araratbank decided today not to pay dividends to shareholders for 2015. This decision was backed unanimously, the bank said today in a press release

    IMF executive board completes third review of Armenia’s extended arrangement

    Thursday, June 16th, 2016

    The Executive Board of the International Monetary Fund (IMF) completed June 15 the third review of Armenia’s performance under a three-year arrangement under the Extended Fund Facility (EFF)

    Banks’ corporate clients slash by 3,100 in one year, central bank

    Thursday, June 16th, 2016

    In 2015 Armenian banks lost 4.1 percent of their corporate clients. By the end of the year there were 76,400 of them, according to a local daily ‘Haykakan Zhamanak” (Armenian Time)

    Unibank places all 50,000 USD-denominated nominal coupon bonds

    Thursday, June 16th, 2016

    Unibank said today it has successfully placed all 50,000 USD-denominated nominal coupon bonds with the annual yield of 8%. The Yerevan-based bank announced the placement of bonds with the face value of USD100 and maturity term of 24 months on April 8