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    November 2017
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  • Archive for November 14th, 2017

    Armenian central bank keeps refinancing rate unchanged

    Tuesday, November 14th, 2017

    Armenia’s Central Bank has decided today to keep the refinancing rate unchanged at 6%. It said the inflation in October 2017 was 0.8% as opposed to 0.5% inflation recorded a year ago. As a result the 12-month inflation at the end of October was 1.2%

    VTB Bank (Armenia) develops Super Card

    Tuesday, November 14th, 2017

    VTB Bank (Armenia) said it has designed a new product, called Super Card, which offers a credit line with zero annual interest rate. The client pays only a monthly loan servicing fee (1.4% of the credit limit)

    Asian Development Bank’s 2017 loan portfolio for Armenia’s private sector amounts to $140 million

    Tuesday, November 14th, 2017

    The Asian Development Bank’s loan portfolio for financing the private sector in Armenia amounted to $140 million in 2017, Shane Rosenthal, the head of the ADB Resident Mission, told ARKA News Agency

    Unibank completes placement of $5 million worth USD-denominated coupon bonds

    Tuesday, November 14th, 2017

    The Yerevan-based Unibank said today it has successfully completed the placement of registered USD-denominated coupon bonds to the tune of $5 million

    Armenian banks’ investments in securities increased by 35% in 9 months

    Tuesday, November 14th, 2017

    Armenian commercial banks’ investments in securities increased by 35% in the first 9 months of 2017, when compared to the same period of last year