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  • Archive for November, 2016

    No rise in minimum wage in 2017 – central bank

    Wednesday, November 30th, 2016

    The minimum monthly salary in Armenia in 2016 will remain at the level of 55,000 drams ($114) and will not increase in 2017, the Central Bank said in its quarterly Inflation Report

    Armenian central bank’s total capital reaches AMD 17.3 billion in late September 2016

    Wednesday, November 30th, 2016

    The total capital of the Central Bank of Armenia amounted to AMD 17.3 billion in late September 2016 against AMD 2.6 billion in late December 2015, the regulator’s press office reported on Wednesday

    Unibank successfully places 80% of its shares

    Wednesday, November 30th, 2016

    The Armenia-based Unibank said today it has placed 80% of a new issuance of shares worth 3.3 billion drams.
    Overall, the bank plans to place 17.4 million ordinary shares with the total offering price of about 4 billion drams

    Armenian central bank auctions short-term government bonds worth AMD 500 million

    Wednesday, November 30th, 2016

    The Central Bank of Armenia auctioned Monday 13-week AMGT13272175 government bonds totaling AMD 500 million, the press office of the regulator reports

    Consumer lending by Armenian banks grew by one percent to 427.4 billion drams

    Tuesday, November 29th, 2016

    The overall consumer lending by Armenia-based commercial banks at the end of October 2016 stood 427.4 billion drams, a 1% rise when compared to the beginning of the year, according to the data, released by the Central Bank

    Gold buying price in Armenia down by 3.8 percent

    Tuesday, November 29th, 2016

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which were effective from November 21 to 27

    17th issue of bonds by National Mortgage company placed at NASDAQ OMX Armenia

    Monday, November 28th, 2016

    On November 28, 2016 placement of nominal coupon bonds (NMCCB2H) issued by “National Mortgage Company” Refinancing Credit Organization CJSC (RCO CJSC) took place at NASDAQ OMX Armenia

    Unibank announces new issuance of 4 billion drams worth shares

    Monday, November 28th, 2016

    The Armenia-based Unibank said today it begins a new issuance of shares to be carried out through NASDAQ OMX Armenia stock exchange

    Armenian central bank intervenes to buy $48.6 million in quarter three

    Monday, November 28th, 2016

    Armenia’s Central Bank said it had intervened to buy a total of $48.6 million in the third quarter ‘to offset short-term fluctuations in the foreign exchange market, resulting from the seasonality of the balance of payments.”

    Around $66.8 million bought by Armenian banks last week

    Monday, November 28th, 2016

    Armenia’s commercial banks bought around $66.8 million from the local foreign currency market on November 21 to 25 at the average weighted exchange rate of 478.51 drams per one USD, the Central Bank of Armenia reported on Monday