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  • Archive for August, 2018

    Unistream launches personal cabinet for online customers

    Thursday, August 16th, 2018

    UNISTREAM online money transfer service has become even more convenient for users as now every client can use his/her personal cabinet on the unistream.ru website to view information about online money transfers they made and track the status of the current transfer

    Gazelle Finance launches investment operations in Armenia

    Wednesday, August 15th, 2018

    Gazelle Finance, a U.S. investment fund manager, has launched investment operations in Armenia targeting investments in high growth small and medium enterprises

    VTB Bank (Armenia) offers maximized terms for deposits in Armenian drams

    Wednesday, August 15th, 2018

    To maximize the terms and increase the profitability of its depositors, VTB Bank (Armenia) has raised interest rates on deposits in Armenia’s national currency, the dram, to 10% placed at least for a period of 12 months, the Russian-owned bank said in a news release today

    Armenian central bank leaves refinancing rate unchanged

    Tuesday, August 14th, 2018

    Armenia’s Central Bank decided today to leave its key refinancing rate unchanged at 6%, saying that 1.2% deflation registered in July this year was down from 2.6% deflation registered for the same month last year

    Armenian has enough resources to maintain financial stability, expert says

    Tuesday, August 14th, 2018

    Armenia has enough resources to maintain the financial stability, said Tatul Manaseryan, the head of Alternative think tank in Yerevan

    Ardshinbank appoints Artak Ananyan as chairman of its board

    Tuesday, August 14th, 2018

    On August 10, based on the decision of the Board of Directors of Ardshinbank, Artak Kliment Ananyan was appointed as the Chairman of the Management Board of Ardshinbank

    Unibank offers 50% discount on lease of depository cells

    Tuesday, August 14th, 2018

    In the midst of the summer vacation season the Yerevan-based Unibank has unveiled a special offer for the lease of depository cells, announcing a 50% discount on the safe storage of valuables or documents

    Money transfers to Armenia in 2018 June grew by 11.2% to $164.2 million

    Monday, August 13th, 2018

    More than $164.2 million were remitted to Armenia in 2018 June via banks as private money transfers for non-commercial purposes, which was by 1.2% more than the figure for June 2017, the Central Bank said. According to the Central Bank

    ARKA news agency releases fresh issue of its “Credit Organizations of Armenia” bulletin for q2, 2018

    Monday, August 13th, 2018

    ARKA news agency has released its economic and financial bulletin – “Credit Organizations of Armenia” for the second quarter of 2018. This product is published once a quarter and is compiled based on officially published financial reports of credit organizations (CO)

    Armenian banks bought $67 million last week

    Monday, August 13th, 2018

    Seventeen Armenia-based commercial banks bought about $67 million from August 6 to August 10 at the local forex market at the weighted average rate of 481 drams for $1, the press service of the Central Bank reported