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  • Archive for October, 2017

    Armenia is one of three leading countries in Europe and Central Asia in terms of remittances

    Wednesday, October 25th, 2017

    Armenia is one of the three leading countries in Europe and Central Asia in terms of remittances sent home by labor migrants, according to the World Bank’s latest Regional Economic Update Migration and Mobility in Europe and Central Asia

    Armenia to receive $40 million from ADB for fiscal and financial market reforms

    Wednesday, October 25th, 2017

    The Asian Development Bank’s (ADB) Board of Directors has approved a $40 million policy-based loan to help the Government of Armenia’s ongoing efforts to strengthen fiscal sustainability and support the development of financial markets in the country

    Armenian citizens to be allowed to choose currency for repaying loans

    Wednesday, October 25th, 2017

    The Armenian National Assembly passed Wednesday at the second and final reading amendments to the law on residential mortgage lending

    Ameriabank sees no reason for destabilization of the Armenian dram’s exchange rate

    Tuesday, October 24th, 2017

    Arman Barseghyan, Retail Operations Director at Ameriabank, downplayed today allegations that the exchange rate of the Armenian national currency

    USD -denominated coupon bonds by ACBA-CREDIT AGRICOLE BANK listed on NASDAQ OMX Armenia

    Tuesday, October 24th, 2017

    Starting from October 24, 2017 coupon bonds with the total nominal value of USD 5 million issued by ACBA-CREDIT AGRICOLE BANK CJSC will be listed on NASDAQ OMX Armenia stock exchange

    VTB Bank (Armenia) launching ‘Autumn Savings’ campaign

    Monday, October 23rd, 2017

    VTB Bank (Armenia) has a special offer for individuals who want to deposit money, the bank’s press office reported on Monday

    Around $83.3 million bought by Armenian banks last week

    Monday, October 23rd, 2017

    Armenia’s commercial banks bought around $83.3 million from the local foreign currency market on October 16 to 20 at the average weighted exchange rate of 480.79 drams per one USD

    Stepan Gishyan foundation provides funds for purchase of equipment to grow human skin for transplantation

    Friday, October 20th, 2017

    Thanks to Stepan Gishyan Foundation, run by ACBA-CREDIT AGRICOLE BANK, human skin for transplantation surgeries will be grown in Armenia, the bank’s press service reported today

    IFC to help Armenia’s Inecobank hedge the U.S.-dollar interest-rate risk on its outstanding long-term borrowings

    Friday, October 20th, 2017

    International Finance Corporation, IFC, a member of the World Bank Group, is helping Armenia’s Inecobank engage in interest rate swap transactions

    Six thousand clients join VTB Bank (Armenia) mobile banking service

    Friday, October 20th, 2017

    More than 6000 customers have joined the Mobile Banking service, unveiled recently by VTB Bank (Armenia), in one month