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  • Archive for April, 2017

    $75.8 million bought by Armenian banks last week

    Tuesday, April 25th, 2017

    Armenia’s commercial banks bought around $75.8 million from the local foreign currency market on April 17 to 21 at the average weighted exchange rate of 484.48 drams per one USD, the Central Bank of Armenia reported on Monday

    Armenia’s finance minister took part in the spring meeting of IMF and World Bank in Washington

    Monday, April 24th, 2017

    Armenia’s finance minister Vardan Aramyan took part in the spring meeting of the IMF and the World Bank in Washington, USA, the Armenian ministry said

    Ranking of Armenian banks by size of net profit in Q1, 2017

    Friday, April 21st, 2017

    YEREVAN, April 21. /ARKA/. ARKA news agency has released a recurrent ranking of the most profitable commercial banks of Armenia in the first quarter of 2017. Armenia’s banking sector earned a total of 10.87 billion drams in net profit against 6 billion drams for the first quarter of 2016, an increase of 80.68%. Of 17 […]

    Net profit of Armenia’s banking sector amounts to AMD 10.87 billion in 1st Q 2017

    Friday, April 21st, 2017

    The net profit of Armenia’s banking sector amounted to AMD 10.87 billion in the first quarter of 2017 against AMD 6 billion in the first quarter of the previous year – 80.68 percent year-on-year growth

    Unibank employees participate in CyberCentral conference in Prague

    Friday, April 21st, 2017

    Employees of the Yerevan-based Unibank’s information security department traveled recently to Prague, the Czech Republic, to participate in an international CyberCentral conference, devoted to cyber security problems, the bank’s press service reported

    Armenian banking sector enters 2017 in better shape –Fitch Ratings

    Thursday, April 20th, 2017

    The Armenian banking sector has entered 2017 in better shape as the recapitalization required to meet the increased minimum capital standard from 2017 has been completed

    VTB Bank (Armenia) offers beneficial insurance products

    Thursday, April 20th, 2017

    VTB Bank (Armenia), as an agent of Armenia’s flagship insurance companies, offers beneficial insurance products, which can be acquired right in the bank, without visiting insurance companies’ offices

    AMERIABANK’s coupon bonds worth $15 million listed on NASDAQ OMX Armenia

    Thursday, April 20th, 2017

    Starting from April 20, 2017 nominal coupon bonds issued by “AMERIABANK” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds’ main Abond list, the stock exchange reported on Thursday

    Fitch: Armenian banks have stronger capital buffers, growth prospects moderate

    Thursday, April 20th, 2017

    Fitch Ratings said Armenian banks have strengthened capital buffers following recapitalization during 2015-2016. However, prospects for growth remain moderate as credit demand is yet to recover along with improving macro trends

    Fourth ’Month of Personal Finance’ launched in Armenia

    Wednesday, April 19th, 2017

    Armenia’s Central Bank and a number of other financial institutions have launched today the fourth “Month of Personal Finance” program, the goal of which