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  • Archive for December, 2016

    Euro in Armenia sheds below 500 drams coming close to US dollar

    Thursday, December 22nd, 2016

    The euro went 0.24 percentage points down against the Armenian national currency on Wednesday, compared with Tuesday, and traded at 499.81 drams, on average, at Armenia’s forex market

    Nerses Yeritsyan reappointed as deputy chairman of Armenian central bank

    Thursday, December 22nd, 2016

    Serzh Sargsyan, Armenian president, signed a decree on Wednesday extending the term of Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, in office for other six years

    Armenian finance ministry buys out mid-term government bonds worth AMD 500 million

    Wednesday, December 21st, 2016

    Armenia’s finance ministry bought out Tuesday AMGN60294177 mid-term government bonds worth AMD 500 million, the press office of the Central Bank of Armenia reports

    VTB Bank (Armenia) has another New Year offer for its clients

    Wednesday, December 21st, 2016

    VTB Bank (Armenia) has another New Year offer for its clients – they enjoy up-to-five-percent additional discounts when formalize purchases of consumer goods in installment via VTB Bank (Armenia), the press office of the bank reports

    Armenian regulator auctions two issue of midterm and short-term government bonds worth AMD 5 billion

    Wednesday, December 21st, 2016

    The Central Bank of Armenia auctioned Tuesday two issues of short-term and midterm government bonds totaling AMD 5 billion

    Anelik bank to focus on introduction of IT solutions

    Wednesday, December 21st, 2016

    The Yerevan-based Anelik Bank is currently working on the development of medium-term and long-term strategic plans, with the focus being on introduction of IT solutions and the expansion of ties with the Diaspora, Anelik Bank Board Chairman Vartan Dilanyan said today

    Armenian central bank approves merger of Armenian Development Bank and Araratbank

    Tuesday, December 20th, 2016

    The Central Bank of Armenia has approved a merger agreement concluded by the Armenian Development Bank and Araratbank. The Central Bank registered the agreement on 15th of December

    ACBA Leasing and Caterpillar sign memorandum of cooperation

    Tuesday, December 20th, 2016

    ACBA Leasing, Zeppelin Armenia (the official representative of Caterpillar company in Armenia) and Caterpillar Financial have signed a tripartite memorandum of cooperation in the framework of which the parties will offer customers in Armenia more favorable terms for the acquisition of CAT machines through ACBA Leasing

    Immovable property worth $700 million frozen at Armenia’s banks

    Tuesday, December 20th, 2016

    Immovable property worth $700 million is frozen at Armenia’s banks, Gagik Makaryan, head of the Union of Employers of Armenia, told journalists on Monday

    Around $90.6 million bought by Armenian banks last week

    Monday, December 19th, 2016

    Armenia’s commercial banks bought around $90.6 million from the local foreign currency market on December 12 to 16 at the average weighted exchange rate of 483.77 drams per one USD, the Central Bank of Armenia reported on Monday