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    April 2018
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  • Archive for April, 2018

    Armenia’s total state debt grows further by $35.9 million in one month

    Friday, April 27th, 2018

    In late March, 2018 Armenia’s total state debt stood at $6.887.1 billion, having increased by 0.52% or $35.9 million over the previous month, the National Statistical Service (NSS) reported

    Araratbank attracts $20 million from Dutch FMO

    Friday, April 27th, 2018

    The Yerevan-based Araratbank said today it will receive a $20 million loan from the Dutch Development Bank (FMO), which it will channel into retail lending, including women entrepreneurs, as well as will finance projects of young businessmen below the age of 35

    Armenian financial markets stable now – acting minister

    Friday, April 27th, 2018

    Armenia’s financial markets are in a stable state, Vardan Aramyan, acting finance minister, told journalists on Thursday

    Converse bank announces cashback for Argentine wines

    Wednesday, April 25th, 2018

    The Yerevan-based Converse Bank has announced a 25% CashBack for Argentine wines in its partner network as part of “Argentine Wine Week” to be held until April 29

    No threat to Armenian dram, central bank head says

    Tuesday, April 24th, 2018

    The chairman of Armenia’s Central Bank Artur Javadyan has downplayed today fears that the resignation of prime minister Serzh Sargsyan may destabilize the Armenian national currency dram

    Around $93 million bought by Armenian banks last week

    Monday, April 23rd, 2018

    Armenia’s commercial banks bought around $92.3 million from the local foreign currency market on April 16 to 20 at the average weighted exchange rate of 480.54 drams per one USD, the Central Bank of Armenia reported on Monday

    Armenian prime minister Serzh Sargsyan resigns

    Monday, April 23rd, 2018

    Armenian prime minister Serzh Sargsyan has resigned today. In a statement, posted on prime minister’s official website, Serzh Sargsyan says:

    Converse bank sponsors Yerevan Spring Run 2018 marathon

    Friday, April 20th, 2018

    Converse Bank said today it is the sponsor of the Yerevan Spring Run 2018 marathon, which is expected to attract about one thousand runners to the amateur race

    Ranking of most profitable Armenian banks in quarter one, 2018

    Thursday, April 19th, 2018

    YEREVAN, April 19. /ARKA/. According to ARKA news agency’s quarterly ranking of the most profitable banks, 17 Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All […]

    Armenian banks’ net profit in quarter one doubles

    Thursday, April 19th, 2018

    Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit