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  • Archive for January, 2017

    Armenia’s monetary base in 2016 grew by 13% to 1.042.2 trillion drams

    Tuesday, January 31st, 2017

    Armenia’s monetary base at the end of 2016 amounted to about 1.042.2 trillion drams, having increased by 13.1% from 2015

    Armenia’s state budget deficit in 2016 amounts to 272.5 billion drams

    Tuesday, January 31st, 2017

    Armenia’s state budget deficit in 2016 amounted to 272.5 billion drams from 245 billion drams in the previous year, according to the National Statistical Service (NSS). The projected budget deficit for 2016 was 197 billion drams (3.5% of GDP)

    Remittances from Russia expected to grow this year - expert says

    Tuesday, January 31st, 2017

    Remittances sent to Armenia in Russian rubles and US dollars by labor migrants working in Russia are going to rise this year, the chairman of the National Union of Employers Gagik Makaryan told a news conference on January 30

    Armenia needs to have a few large banks – ex-chairman of central bank says

    Monday, January 30th, 2017

    Armenia needs a few commercial banks with large capital, Bagrat Asatryan, the former chairman of the Central Bank said today. Speaking at a news conference he said the overall number of non-performing loans surged last year, as a result

    Gold buying price up 1.6% in Armenia

    Monday, January 30th, 2017

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, set new prices for government agencies to buy and sell precious stones and metals which were effective from January 23 to January 29, 2017

    Emergence of new banknotes does not signal imminent devaluation – ex-chairman of Armenian central bank says

    Monday, January 30th, 2017

    Ex-chairman of Armenian Central Bank Bagrat Asatryan has downplayed today fears that the emergence of many new banknotes in circulation may be the indication of an imminent devaluation of the national currency, telling a news conference there are no reasons of concern

    Around $101.3 million bought by Armenian banks last week

    Monday, January 30th, 2017

    Armenia’s commercial banks bought around $101.3 million from the local foreign currency market on January 23 to 27 at the average weighted exchange rate of 485.74 drams per one USD, the Central Bank of Armenia reported on Monday

    Ranking of leading Armenian banks in 2016 by size of capital

    Friday, January 27th, 2017

    YEREVAN, January 27. /ARKA/. The total capital of 17 commercial banks operating in Armenia in 2016 grew by 20% to 648.5 billion drams. The top five largest banks in terms of capital size were Ameriabank, ACBA-CREDIT AGRICOLE BANK, Ardshinbank, HSBC Bank Armenia and Inecobank. Together they accounted for about 41.1% (266.6 billion drams) of the […]

    VTB bank (Armenia) offers its clients jeweled payment cards

    Friday, January 27th, 2017

    VTB Bank (Armenia) has unveiled an exclusive offer for its premium customers – precious jeweled payment cards from Rosan Diamond Company, decorated with gold and diamonds

    ARKA News Agency presents ranking of Armenia’s commercial banks for 2016 by their credit exposure

    Thursday, January 26th, 2017

    ARKA News Agency presents the ranking of Armenia’s commercial banks for 2016 by their credit exposure