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  • Archive for April, 2017

    Grant Thornton Armenia celebrates 20th anniversary

    Wednesday, April 19th, 2017

    Grant Thornton Armenia is to celebrate its 20th anniversary on April 20, the press office of the company reported on Wednesday

    Unibank offers gold-secured loans at profitable terms

    Tuesday, April 18th, 2017

    The Yerevan-based Unibank said today it offers gold-secured loans starting from 19% per annum interest rates. According to a bank’s press release, the largest loan amount is 2 million drams repayable within 36 months

    Armenian banks bought $72.5 million last week

    Tuesday, April 18th, 2017

    Armenian commercial banks bought a total of $72.5 million from the local intra-bank foreign currency market from April 10 to 14, the Central Bank reported today saying also that the weighted average exchange rate was 485.35 drams for $1

    Armeconombank and SIL Insurance recognized by central bank as joint financial group

    Tuesday, April 18th, 2017

    The Central Bank of Armenia has qualified Armeconombank OJSC and SIL Insurance CJSC as a financial group – SIL Multifunctional Financial Group

    Banks’ investments make up 80% of total amount in Armenia – finance ministry

    Tuesday, April 18th, 2017

    Around 80% of investments in securities in Armenia are banks’ investments, and this is not so good, Arshaluys Margaryan, chief of the Armenian finance ministry’s division in charge of public debt management, told journalists on Friday

    Anelik bank places third issue of nominal coupon bonds worth one billion drams

    Friday, April 14th, 2017

    The Yerevan-based Anelik bank placed entirely the third issue of one billion drams worth nominal coupon bonds with a face value of 50,000 drams, an annual yield of 12.25% and a maturity period of 24 months at NASDAQ OMX Armenia stock exchange before the deadline

    Armenia’s total state debt increased by $35 million in one month

    Friday, April 14th, 2017

    Armenia’s total state debt stood at $5.996.2 billion in late March 2017, having increased by 0.59% or $35 million from the previous month, according to numbers, released by the ministry of finance

    Armenia in need of moderate inflation around 4%

    Friday, April 14th, 2017

    Armenia needs a moderate inflation rate, around the 4% projected in the 2017 government budget, Vardan Aramyan, finance minister, told journalists on Thursday

    Armenian government bonds to be available for electronic trading

    Thursday, April 13th, 2017

    Armenian government bonds will be available soon for electronic trading through stock exchange, finance minister Vardan Aramyan said at a government meeting on Thursday

    AGBA Leasing CEO presents advantages of investments made through leasing

    Wednesday, April 12th, 2017

    eads of consulting firms and small-scale business enterprises participated in a seminar titled ‘Leasing is the best solution for acquiring fixed assets’ that was conducted by AGBA Leasing CEO Arsen Bazikyan