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  • Archive for January, 2018

    Armenian central bank joins IOSC

    Monday, January 22nd, 2018

    The chairman of the Central Bank of Armenia Artur Javadyan signed on January 18 a Memorandum of Cooperation with the International Organization of Securities Commissions (IOSC)

    Armenia’s banking sector reports growth in 2017

    Monday, January 22nd, 2018

    Armenia’s banking sector reported a growth in all major financial indicators last year. According to their official statements, their combined assets totaled 4.362 trillion drams, having grown by 6.67% from the previous year

    Around $79.3 million bought by Armenian banks last week

    Monday, January 22nd, 2018

    Armenia’s commercial banks bought around $79.3 million from the local foreign currency market on January 15 to 19 at the average weighted exchange rate of 482 drams per one USD, the Central Bank of Armenia reported on Monday

    Armenian government accounts for better-than-projected indicators for 2017

    Monday, January 22nd, 2018

    On Friday, representatives of the Armenian finance ministry told Karen Karapetyan, prime minister, that the indicators of 2017 exceed the figures projected in the government budget, the government’s press office reports

    VTB Bank (Armenia) names winners of ‘Lucky Month’ campaign

    Friday, January 19th, 2018

    VTB Bank (Armenia) has announced today the names of winners of a special campaign it had announced last October 25. The special campaign dubbed ‘Lucky Month’ was designed for the active holders of Companion credit cards of the bank

    Araratbank to place new issue of USD-denominated bonds

    Thursday, January 18th, 2018

    The Armenia-based Araratbank said today it will place the 17th issue of USD-denominated bonds with a total value of $8 million

    Armenian central bank is likely to raise refinancing rate, daily says

    Thursday, January 18th, 2018

    Armenia’s Central Bank is very likely to raise soon the key refinancing rate, the local daily ‘Haykakan Zhamanak’ (Armenian Time) says in its today’s issue

    Armenia and Russia boast lowest inflation across Eurasian Economic Union

    Wednesday, January 17th, 2018

    Armenia and Russia boasted the lowest inflation rates (consumer price index) in 2017 across the Eurasian Economic Union (EEU) that includes also Belarus, Kazakhstan and Kyrgyzstan, the Eurasian Economic Commission

    Converse Bank introduces converse mobile service

    Wednesday, January 17th, 2018

    The Yerevan-based Converse Bank has introduced the Converse Mobile service, designed for customers to manage their accounts at any time of the day from anywhere in the world by downloading a mobile application from the App Store or Play Market

    Unibank’s assets exceed AMD 200 billion

    Wednesday, January 17th, 2018

    Unibank in 2017 enjoyed a fast growth in all segments of its activity and built up its assets to more than AMD 200 billion, the bank’s press office reported on Wednesday