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  • Archive for November, 2017

    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

    Armenian banks’ salary fund grew by 6.4% in 9 months

    Monday, November 13th, 2017

    In the first three quarters of 2017 Armenia-based commercial banks’ expenses on wages increased by 6.4% from the year before to 43.2 billion drams

    Around $71.3 million bought by Armenian banks last week

    Monday, November 13th, 2017

    Armenia’s commercial banks bought around $71.3 million from the local foreign currency market on November 6 to 10 at the average weighted exchange rate of 485.33 drams per one USD, the Central Bank of Armenia reported on Monday

    Five Armenian banks account for more than half of mortgage lending

    Friday, November 10th, 2017

    Armenian commercial banks provide mortgage loans to the population both from their own funds and as part of government-financed programs

    Armenia to receive €80-million budget-supporting loan from Germany’s KfW

    Friday, November 10th, 2017

    Armenia will receive a €80-million budget-supporting loan from Germany’s KfW Bank, Vardan Aramyan, Armenian finance minister, said Thursday at a regular cabinet meeting

    New appointments at Unibank are aimed at strengthening of its position in financial market

    Friday, November 10th, 2017

    New appointments at Unibank ojsc are aimed at its further development and the strengthening of its positions in the financial market, said Gagik Zakaryan, Unibank Council Chairman

    VTB bank (Armenia) showcases its products at ‘Banks, Investment and Credit Organizations of Armenia’ exhibition

    Friday, November 10th, 2017

    VTB Bank (Armenia) took part in an exhibition titled “Banks, Investment and Credit Organizations of Armenia” organized by THE Nur Expo company with the support of the Yerevan Municipality. The two-day exhibition started on Thursday in the premises of the Yerevan History Museum

    Armenian banks increase their reserves for possible loan losses by 17.7% to 177.3 billion drams

    Thursday, November 9th, 2017

    Armenian banks increased their reserves for possible loan losses by 17.7% in the first 9 months of 2017 to 177.3 billion drams, according to ARKA news agency’s bulletin ‘Banks of Armenia” for the third quarter of 2017

    Kamurj joins government program on subsidized loans

    Thursday, November 9th, 2017

    The Kamurj credit organization has joined an Armenian government’s program designed to provide subsidized agricultural loans, the ministry of agriculture said