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  • Archive for October, 2016

    Armenian parliament approves amendments making derivative financial instruments available from 2017

    Thursday, October 27th, 2016

    Armenia’s parliament has approved today in the second and final reading a package of amendments to the law “On the Securities Market” and to a package of laws regulating the financial market

    Authorized capital of Mellat Bank in Armenia built up to required amount

    Thursday, October 27th, 2016

    Yerevan-based Mellat Bank CJSC, fully owned by Iran’s Mellat Bank, has increased its authorized capital in compliance with the new requirement of the central Bank of Armenia, Mohammad Bigdeli, chairman of Mellat Bank CJSC’s board, told journalists on Wednesday

    Mellat Bank considering opportunity of opening branch in Georgia

    Thursday, October 27th, 2016

    Mellat Bank CJSC, fully owned by Iran’s Mellat Bank, is considering room for opening a branch in Georgia, Mohammad Bigdeli, chairman of Mellat Bank CJSC’s board, told journalists on Wednesday

    Mellat Bank’s new head office opened in Yerevan

    Thursday, October 27th, 2016

    Yerevan-based Mellat Bank, fully owned by Iran’s Mellat Bank, has opened its new head office in the city

    ACBA-CREDIT AGRICOLE BANK creates new website to help boost SMEs

    Wednesday, October 26th, 2016

    ACBA-CREDIT AGRICOLE BANK has presented today a new website at sme.acba.am to about 200 representatives of various sectors of economy, saying the website is designed as a free and accessible platform to all to manage and promote their business in the online segment

    Derivative financial instruments to be available in Armenia in 2017

    Tuesday, October 25th, 2016

    Armenia’s parliament has approved today in the first reading a package of amendments to the law “On the Securities Market” and to a package of laws regulating the financial market

    Armenia, Iran discussing prospects for deepening financial cooperation

    Tuesday, October 25th, 2016

    Vardan Aramyan, Armenian finance minister, and Seyyed Kazem Sajjad, Iranian ambassador to Armenia, met on Monday and discussed prospects for modernizing Armenia’s financial systems

    Armenian banks close third quarter with positive dynamics

    Monday, October 24th, 2016

    Armenian banks closed the third quarter of 2016 with a positive dynamics amid active replenishment of their statutory capital, according to ARKA news agency’s quarterly bulletin “Banks of Armenia” for the third quarter

    No dollar sale-purchase transactions at NASDAQ OMX Armenia stock exchange last week

    Monday, October 24th, 2016

    No dollar sale-purchase transactions have been effected at NASDAQ OMX Armenia stock exchange over a period between October 17 and 21, the press office of the Central Bank of Armenia reports

    Over $100.4 million bought by Armenian banks last week

    Monday, October 24th, 2016

    Armenia’s commercial banks bought more than $100.4 million from the local foreign currency market on October 17 to 21 at the average weighted exchange rate of 474.85 drams per one USD