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  • Archive for September, 2017

    AMD denominated coupon bonds by Converse Bank listed on NASDAQ OMX Armenia

    Friday, September 15th, 2017

    Starting from September 15, 2017 nominal coupon bonds issued by “Converse Bank” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds’ main Abond list, the press office of the stock exchange reported on Friday

    ‘A Clean Home’ insurance can be formalized at VTB Bank (Armenia)

    Thursday, September 14th, 2017

    VTB Bank (Armenia) and ROSGOSSTRAKH ARMENIA Insurance Company are presenting a new product – immovable property insurance “A Clean Home”, the press office of the bank reports

    Parliament discusses draft law facilitating mortgage loans

    Thursday, September 14th, 2017

    The Armenian parliament discussed today a draft law on mortgage lending, which when passed, will allow free transfer of mortgage loans from one bank to another

    Interest rates on loans in Armenia decreased by approximately 4-5% in recent years

    Wednesday, September 13th, 2017

    Interest rates on loans in Armenia have decreased by approximately 4-5% in recent years, the deputy chairman of the Central Bank Nerses Yeritsyan told the parliament today

    Central Bank opens exhibition for residents of Syunik

    Wednesday, September 13th, 2017

    On September 12 Armenia’s Central Bank opened an exhibition in the city of Kapan, the administrative center of the southern province of Syunik

    Unibank helps Armenia-made ‘Manana’ tea win international markets

    Wednesday, September 13th, 2017

    An Armenian company producing “Manana” herbal teas has entered the international market owing to financing from Unibank, the bank said in a press release

    Unibank to place $5 million worth bonds

    Monday, September 11th, 2017

    The Yerevan-based Unibank said today that from November 11 through November 17 it will be placing USD-denominated nominal coupon bonds to the tune of $5 million

    World Bank funded $2.3 billion worth projects in Armenia over 25 years

    Monday, September 11th, 2017

    Ninety-five projects have been implemented in Armenia over the last 25 years with the assistance of the World Bank, worth $2.3 billion. Today, the bank’s credit portfolio in Armenia is $620 million, according to a statement placed on the official website of the Armenian government

    Armenian banks bought $69.2 million last week

    Monday, September 11th, 2017

    Armenian commercial banks bought a total of $69.2 million from the local intra-bank foreign currency market from September 4 to September 8 at the weighted average exchange rate of 477.51 drams for $1, the press service of the Central Bank reported

    World Bank in Armenia has new country manager

    Friday, September 8th, 2017

    Armenia’s Minister of Economic Development and Investments Suren Karayan received today a delegation, led by Mercy Tembon, World Bank Director for the South Caucasus, Europe and Central Asia