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  • Archive for November, 2017

    Coupon bonds by Global Credit UCO CJSC placed at Nasdaq OMX Armenia

    Friday, November 24th, 2017

    On November 23, 2017 placement of nominal coupon bonds issued by “GLOBAL CREDIT” UCO CJSC took place at NASDAQ OMX Armenia

    Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

    Friday, November 24th, 2017

    Six Armenia-based insurance companies collected a total of 13.4 billion drams in the first 9 months of 2017 as premiums for mandatory insurance of vehicles and paid 7.9 billion drams in damage compensation claims

    Union of Banks of Armenia congratulates banking sector employees professional holiday

    Wednesday, November 22nd, 2017

    The Union of Banks of Armenia congratulated today the country’s banking sector’s employees on their professional holiday wishing them health, prosperity and fruitful activity

    Converse bank’s gold-secured loan portfolio grows by 14 percent to more than 15 billion drams

    Wednesday, November 22nd, 2017

    Converse Bank said its gold-secured loan portfolio has grown by 14 percent since the beginning of the year to more than 15 billion drams as of November 20

    Central bank unveils prototype composite banknotes

    Wednesday, November 22nd, 2017

    YEREVAN, November 22. /ARKA/. Armenia’s Central Bank has unveiled today the prototypes of composite banknotes of the third generation, which are expected to be put into circulation in November 2018, when the Central Bank will mark the 25th anniversary of introduction of Armenian national currency- the dram. Composite are banknotes are banknotes made partly of […]

    ACBA-CREDIT AGRICOLE BANK is the first bank in Armenia to have introduced Arca SecurePay system

    Tuesday, November 21st, 2017

    ACBA-CREDIT AGRICOLE BANK is the first bank in Armenia to have introduced the ArCa SecurePay, a new system, designed to ensure safe Internet payments

    Armenian insurance companies’ net profit in first 9 months drops to 1.7 billion drams

    Tuesday, November 21st, 2017

    Six insurance companies operating in Armenia earned a total of 1.7 billion drams in net profit in the first 9 months of this year, down from 3.9 billion drams they had earned a year earlier

    Twelve-month inflation in 2017 to be 1.3 percent

    Monday, November 20th, 2017

    The 12-month inflation in Armenia by the end of 2017 will be 1.3%, according to the quarterly macroeconomic review, prepared by the Eurasian Development Bank (EDB)

    Around $114.1 million bought by Armenian banks last week

    Monday, November 20th, 2017

    Armenia’s commercial banks bought around $114.1 million from the local foreign currency market on November 13 to 17 at the average weighted exchange rate of 486.74 drams per one USD, the Central Bank of Armenia reported on Monday

    Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

    Monday, November 20th, 2017

    Armenian Armeconombank said it has concluded a second loan agreement with the Belgian investment company INCOFIN CVBA to the tune of $10 million