Armenia’s commercial banks bought around $87.6 million from the local foreign currency market on July 2 to 6 at the average weighted exchange rate of 481.43 drams per one USD, the Central Bank of Armenia reported on Monday
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Archive for July, 2018
Around $87.6 million bought by Armenian banks last week
Monday, July 16th, 2018Moneyto encourages young artists
Friday, July 13th, 2018Being praised is pleasant, while being prized at a creative contest is a far more serious expression of recognition, Moneyto.co.uk online money transfer service
Card-to-card money transfers becoming popular in Armenia
Friday, July 13th, 2018Card-to-card money transfers are becoming increasingly popular with the clients of VTB Bank (Armenia). The Russian-owned bank said in a press release that the service was launched one year ago and is now available at its 157 ATMs across the country
Converse Bank to forgive fines and penalties on individuals’ overdue loans
Thursday, July 12th, 2018Converse Bank has started forgiving fines and penalties on individuals’ overdue loans, the bank’s press office reported on Wednesday
ACBA-CREDIT AGRICOLE BANK to place USD -and Armenian dram -denominated bonds
Thursday, July 12th, 2018The Yerevan-based ACBA-CREDIT AGRICOLE BANK said today it will concurrently place USD – and Armenian dram -denominated bonds to the tune of $5 million and 700 million drams respectively
“Manana” teas export geography doubles over one year
Thursday, July 12th, 2018Organic herbal teas of Armenian origin, “Manana”- are becoming more and more popular in THE European countries and are emerging into new markets, the company said today in a press release
Eurasian development bank and Armenian Araratbank sign $6 million loan agreement
Wednesday, July 11th, 2018The Yerevan-based Araratbank and the Eurasian Development Bank (EDB) signed a $6 million loan agreement today. The loan will be on-lent as micro loans to small and medium-sized businesses in Armenia
ACBA Leasing offers leasing of commercial real estate at 8% percent interest rate
Wednesday, July 11th, 2018The Yerevan-based ACBA Leasing Company has unveiled today an offer, designed for legal entities to acquire commercial real estate on leasing starting from 8% interest rate per annum
VTB Bank (Armenia) warns clients against dealing with loan-mediating companies
Tuesday, July 10th, 2018VTB Bank (Armenia) issued a warning Tuesday saying that mediator companies are not reliable
Armenian Central Bank says Swissquote’s activity in the country is illegal
Monday, July 9th, 2018On July 4 Armenia’s Central Bank officially notified relevant government agencies that the activity of Financial Trading House (FTH) aka Robert and Sons LLC, runs contrary to the Armenian law
