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  • Archive for December, 2016

    VTB Bank (Armenia) to resume providing car loans with more beneficial terms

    Thursday, December 29th, 2016

    VTB Bank (Armenia) is to resume providing car loans with more beneficial terms, the bank’s press office reported on Wednesday

    No consolidations expected in Armenia’s insurance sector in 2017 – INGO Armenia

    Thursday, December 29th, 2016

    Arevshat Meliksetyan, executive director of INGO Armenia, told journalists on Wednesday, that he expected no consolidations in Armenia’s insurance sector in 2017

    Converse Bank replenishes its total regulatory capital

    Wednesday, December 28th, 2016

    Converse Bank’s statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold

    Ingo Armenia earns 900 million drams in profit

    Wednesday, December 28th, 2016

    Ingo Armenia insurance company earned a total of 900 million drams in profit in the first 11 months of this year, Ingo Armenia CEO Arevshat Meliksetyan told a news conference today

    Armenian central bank auctions 4 billion drams worth short-term government bonds

    Wednesday, December 28th, 2016

    The Central Bank of Armenia auctioned December 26 some 4 billion drams worth short-term government bonds of AMGT08202179 issue with a maturity period of 8 weeks

    Armenian central bank cuts refining rate for eighth times this year

    Tuesday, December 27th, 2016

    Armenia’s Central Bank said today it had cut its refinancing rate to 6.25 percent from 6.5 percent

    Armenian central bank auctions 7.2 billion drams worth short-term government bonds

    Tuesday, December 27th, 2016

    Armenia’s Central Bank said it had auctioned December 26 a total of 7.2 billion drams in two issues of short-term government bonds – AMGT13273173 issue with a maturity of 13 weeks and 7.2717% weighted average yield and AMGT26266172 issue with a maturity of 26 weeks and 7.2400% weighted average yield

    Armenian central bank auctions midterm government bonds totaling amd 8 billion

    Tuesday, December 27th, 2016

    The Central Bank of Armenia has auctioned two issues of mid-term government bonds totaling AMD 8 billion, the regulator’s press office reported on Tuesday

    Armenian central bank auctions short-term government bonds worth AMD 3 billion

    Tuesday, December 27th, 2016

    The Central Bank of Armenia has auctioned 26-week AMGT26236175 government bonds worth AMD 3 billion, the regulator’s press office reported on Tuesday

    Payments cards were used in October to make 117.4 billion drams worth transactions

    Monday, December 26th, 2016

    Payments cards issued by Armenian and foreign banks were used to make 117.4 billion drams worth transactions in 2016 October in the territory of Armenia