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  • Archive for July, 2018

    VTB Bank (Armenia) and MasterCard announce another non-cash payment promotion campaign

    Monday, July 9th, 2018

    VTB Bank (Armenia) together with the MasterCard international payment system have announced today the launch of another campaign, designed to stimulate non-cash payments

    Around $65 million bought by Armenian banks last week

    Monday, July 9th, 2018

    Armenia’s commercial banks bought around $65 million from the local foreign currency market on July 2 to 6 at the average weighted exchange rate of 482.08 drams per one USD, the Central Bank of Armenia reported on Monday

    Central bank of Armenia may reduce key refinancing rate by 1.5-2 percent, economist says

    Friday, July 6th, 2018

    Armenia’s Central Bank may reduce the key refinancing rate by 1.5-2% in the medium term, Atom Margaryan, the head of the Center for Innovative and Institutional Research< told journalists on Friday

    In June Armenian inflation up 0.9 percent year-on-year

    Friday, July 6th, 2018

    Consumer prices in Armenia in June 2018 were higher 0.9% as opposed to June 2017, the National Statistical Committee (NSC) said today

    VTB Bank (Armenia) starts forgiving fines imposed for delays in repayment of consumer loans

    Friday, July 6th, 2018

    VTB Bank (Armenia) has started forgiving the fines imposed on its individual clients for delaying repayment of their consumer loans, the bank’s press office reported on Wednesday

    Armenian banks increase lending by AMD 63.2 billion in May

    Wednesday, July 4th, 2018

    The loans provided by Armenia’s banks in May 2018 total AMD 2 861.2 – this is 2.2% more than the lending of the previous month

    Armenia’s Central Bank warns citizens against using services of Swissquote bank

    Wednesday, July 4th, 2018

    The Central Bank of Armenia recommends that citizens avoid using the services provided by the Financial Trading House (FTH) company in partnership with the Swissquote bank, Harut Kbeyan

    Armenian banks to forgive penalties and fines of 100,000 citizens

    Wednesday, July 4th, 2018

    Attended by bank executives, Prime Minister Nikol Pashinyan held a consultative meeting to discuss the problem of accumulated fines and penalties for agricultural and consumer loans, the government press office reported

    ACBA-CREDIT AGRICOLE BANK to forgive penalties and fines on bad loans

    Tuesday, July 3rd, 2018

    ACBA-CREDIT AGRICOLE BANK said today that from August 1 it will cooperate with all individual customers, who had bad consumer or agricultural loans at the bank as of May 31, 2018

    Unibank to forgive individual customers' penalties and fines for bad loans

    Tuesday, July 3rd, 2018

    Unibank has made a decision to forgive its individual customers’ fines and penalties for bad loans, which are calculated and reflected in the bank’s off-balance account