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  • Archive for August 25th, 2016

    Mergers and portfolio handovers expected in Armenian insurance market in 2016-2018

    Thursday, August 25th, 2016

    The number of insurance companies in Armenia is expected to reduce over a period between 2016 and 2018 because of mergers or portfolio handovers

    BTA Bank terminates activity in Armenia – central bank’s decision

    Thursday, August 25th, 2016

    BTA Bank CJSC has terminated its activity and his successor is now Armeconombank, the press office of the Central Bank of Armenia told ARKA News Agency on Thursday

    Araratbank awarded excellent STP Quality Award 2015 by German Commerzbank AG

    Thursday, August 25th, 2016

    Yerevan-based Araratbank has been awarded Excellent STP Quality Award 2015 by German Commerzbank AG for ensuring high quality money transfers via SWIFT system in 2015

    Armenian insurance companies’ profits expected to double in 2016-2018

    Thursday, August 25th, 2016

    Armenia’s insurance companies expect that their profits will be growing throughout three years and will double by late 2018, the Central Bank of Armenia says in its report ‘Possible Developments of Armenia’s Banking Sector in 2016-02018’ based on programs of prospective development of Armenian banks