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  • Archive for January, 2018

    Armenia’s international gross reserves grew by 6.4% to $2,313.8 billion

    Wednesday, January 31st, 2018

    Armenia’s international gross reserves at the end of December 2017 stood at $2,313.8 billion, having increased by 6.4% or $139.5 million from the previous month, the Central Bank of Armenia said

    Armenia’s aggregate state debt amounts to over $6.7 billion

    Wednesday, January 31st, 2018

    Armenia’s aggregate state debt amounted to $6.774.6 billion at the end of 2017, an increase of 14% or $832.5 million from the previous year

    Around $78.4 million bought by Armenian banks last week

    Monday, January 29th, 2018

    Armenia’s commercial banks bought around $78.4 million from the local foreign currency market on January 22 to 26 at the average weighted exchange rate of 480.31 drams per one USD, the Central Bank of Armenia reported on Monday

    Armenia submits 28 applications to EDB for us $43.0 million worth grants

    Friday, January 26th, 2018

    The Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), has announced the results of a call for applications for the second EFSD grant competition for social projects

    VTB Bank (Armenia) refunds 80 million drams as part of super interest rate offer

    Thursday, January 25th, 2018

    The VTB Bank (Armenia) has refunded more than 80 million drams to those of its customers who were provided with installment loans as part of special offer, called “Super Interest Rate.”

    Office of Armenia’s financial ombudsperson to open a representative office in Nagorno-Karabakh

    Wednesday, January 24th, 2018

    The office of Armenia’s financial ombudsperson will open a representative office in Artsakh (Nagorno-Karabakh), the ombudsperson Piruz Sargsyan told journalists on Wednesday

    Armenia’s financial ombudsperson’s office received 5,020 complaints in 2017

    Wednesday, January 24th, 2018

    YEREVAN, January 24. /ARKA/. Armenia’s financial ombudsperson’s office received 5,020 finance-related complaints in 2017, by 6.2% more than it received in 2016, the financial ombudsperson Piruz Sargsyan said to a news conference.

    She said thanks to her office’s mediation, the country’s financial organizations paid clients more than 181 million drams in compensation claims.

    She noted that the main part of complaints was against the poor work of insurance companies, which failed to consider justly cases involving mandatory insurance of vehicles.

    The other part of complaints was against banks and credit organizations, related to consumer and other lending and deposit agreements.

    The first financial ombudsman office in the Commonwealth of Independent States was established in Armenia and started functioning on January 24, 2008. ($ 1 – 481.17 drams). -0-

    Ranking of Armenian banks by size of assets in 2017

    Tuesday, January 23rd, 2018

    The combined assets of 17 commercial banks operating in Armenia amounted to 4.362 trillion drams in 2017, having upped by 6.6 percent from the previous year, according to a ranking of Armenian banks by size of assets compiled by Arka news agency

    Armenian central bank to buy old and new banknotes

    Tuesday, January 23rd, 2018

    Armenia’s Central Bank said it will buy new and old banknotes and coins from individuals and legal entities which in different periods were in circulation in the territory of historical Armenia in order to replenish its collection

    ARKA presents ranking of most profitable banks in 2017

    Monday, January 22nd, 2018

    According to the ranking of the most profitable Armenian commercial banks in 2017, compiled by Arka news agency, 17 banks posted a total of 38.3 billion drams in net profit earned last year