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  • Archive for February, 2017

    Araratbank CEO: digital banking will be the main trend in 2017

    Tuesday, February 28th, 2017

    In 2017 Armenian banks will be focusing on the introduction of digital-technology, according to Araratbank CEO Ashot Osipyan

    Armenia’s international reserves drop by $133 million in January 2017

    Tuesday, February 28th, 2017

    Armenia’s gross international reserves in January 2017 stood at $2. 067.3 billion, having decreased by 6% or $133 million over the previous month, according to the Central Bank of Armenia

    Armenia’s money supply in January 2017 decreased by 0.86% to 2.161.3 trillion drams

    Tuesday, February 28th, 2017

    Armenia’s money supply in January 2017 decreased by 0.86% from December 2016 to about 2.161.3 trillion drams, according to the National Statistical Service

    Armenia’s monetary base shrinks 12.1% to AMD 916.4 billion in January

    Tuesday, February 28th, 2017

    Armenia’s monetary base shrank 12.1% in January 2017, compared with December 2016, to AMD 916.4 billion, the National Statistical Service reports referring to the central bank’s preliminary figures

    Armenia’s central bank to continue easing monetary policy in the first quarter of 2017

    Monday, February 27th, 2017

    Armenia’s Central Bank said it will continue the easing monetary policy in the first quarter of 2017. The decision is prompted by the restrained fiscal policy of the government in 2017 as compared to the previous year, the regulator said in a report on inflation in the 4th quarter of 2016

    Unibank to open new branch in Yerevan

    Monday, February 27th, 2017

    Unibank will open Bagratunyats branch in Yerevan on Monday.
    The new branch’s address: 22/2 Bagratunyats, N54

    Ranking of Armenian banks by the number of branches

    Friday, February 24th, 2017

    ARKA news agency has compiled the ranking of Armenian banks by the number of their branches. Overall, there are now 538 bank branches across the country, 229 of which in the capital city Yerevan. It should be noted that 2 out of 17 banks – Armswissbank and Bank Mellat- have no branches at all

    Protobase Laboratories automates Unibank’s overdue debt collection process

    Friday, February 24th, 2017

    Unibank has successfully completed the project on the automation of the legal collection having moved to the next phase of testing

    Armenian insurance companies collected 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles

    Thursday, February 23rd, 2017

    Six Armenia-based insurance companies collected a total of 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles and paid 8.8 billion drams in damage compensation claims, according to ARKA news agency’s bulletin “Insurance companies of Armenia” for the fourth quarter of 2016

    VTB Bank (Armenia) provides consumer loans to clients via MasterCard Instant Issue

    Thursday, February 23rd, 2017

    To save its clients’ time and improve the quality of its services VTB Bank (Armenia) has made loan-formalizing procedures faster – it will transfer consumer loans – a sum equal to the borrower’s eight-fold salary and up to AMD 4 million – to MasterCard Instant issue card, the bank’s press office reported on Thursday