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  • Archive for May, 2018

    Armenian banks’ extended loans grew by 11 percent to 107.1 billion drams

    Thursday, May 31st, 2018

    The amount of extended loans of Armenian banks at the end of April 2018 stood at 107.1 billion drams, an increase of 11% from the previous month, the National Statistical Committee (NSC) reported

    Armenia’s public debt drops by $19.6 million in April 2018

    Thursday, May 31st, 2018

    Armenia’s overall public debt at the end of April 2018 stood at $6.867.46 billion, having decreased by 0.28% or $19.6 million from the previous month, the National Statistical Committee reported

    VTB Bank (Armenia) retail lending grows to 100 billion drams

    Thursday, May 31st, 2018

    VTB Bank (Armenia) said today it is actively developing its product line and making its loan products more accessible to customers

    US dollar drops by 0.32 percentage points over dram to 482.51 drams

    Thursday, May 31st, 2018

    The average market value of the US dollar against the Armenian dram has dropped today by 0.32 percentage points from May 30 to 482.51 drams, the Central Bank said

    Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

    Thursday, May 31st, 2018

    The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9%

    Moneyto ltd offers online money transfers in Georgian lari

    Thursday, May 31st, 2018

    Moneyto Ltd said today that money transfers to Georgia can be sent from any VISA/Mastercard card via Moneyto.co.uk website. Online transfers paid out in local currency are subject to 0.49% commission, with a minimum of €/£1

    Converse Bank finalizes results of ‘Meet the Champions’ campaign

    Thursday, May 31st, 2018

    Converse Bank has finalized the results of MEET THE CHAMPIONS campaign

    No significant outflow of financial resources from Armenia in April and May – regulator

    Thursday, May 31st, 2018

    A slight outflow of financial resources from Armenia’s banks was seen in April and May because of political events, Andranik Grigoryan, the head of a Central Bank department in charge of financial stability, said on Wednesday

    After rebranding Anelik bank is now called IDbank

    Thursday, May 31st, 2018

    After being rebranded the Yerevan-based Anelik Bank is now called IDBank

    Central bank presents report on fighting money laundering and financing of terrorism

    Wednesday, May 30th, 2018

    The Financial Monitoring Center (FMC) of Armenia’s Central Bank said it had received 232,635 reports in 2017 on cash transactions exceeding the legal requirement of 5 million drams, up from 206,065 reports in 2016