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    August 2017
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  • Archive for August 21st, 2017

    VTB bank (Armenia) unveils new real estate- secured loan type

    Monday, August 21st, 2017

    VTB Bank (Armenia) has announced a new loan type secured by real estate. The loans are provided in Armenian drams for the term from 1 to 5 years in the amount of up to 15 million drams. The minimum interest rate is from 15% per annum

    Moody’s: Armenia maintains record of robust economic management

    Monday, August 21st, 2017

    Moody’s Investors Service says that Armenia’s B1 issuer rating is supported by the country’s track record of robust economic and financial management through effective fiscal and monetary policies, and high debt affordability

    Armenian banks bought $82 million last week

    Monday, August 21st, 2017

    Armenian commercial banks bought a total of $82 million from the local intra-bank foreign currency market from August 14 to August 17 at the weighted average exchange rate of 477.69 drams for $1, the press service of the Central Bank reported