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  • Archive for December, 2018

    ACBA Leasing encourages private sector to invest in energy-saving projects

    Friday, December 14th, 2018

    ACBA Leasing JSC initiated the first meeting of the beneficiaries of the three-year E-FIX grant program, which is part of Horizon 2020

    Moody’s: CIS companies' 2019 outlook is stable on continuing GDP growth and supportive oil prices

    Thursday, December 13th, 2018

    The outlook for non-financial companies in the Commonwealth of Independent States (CIS) for 2019 is stable, Moody’s Investors Service said in its annual outlook on the region

    IMF: Tightening of financial conditions may drive up financing costs for rolling over Armenia’s debt on foreign markets

    Thursday, December 13th, 2018

    There are risks that further tightening of financial conditions or higher risk aversion may lead to higher financing costs for rolling over Armenia’s debt on foreign markets, Yulia Ustyugova, IMF Resident Representative in Armenia

    Unibank’s credit conveyor processes micro businesses’ loan applications in minutes.

    Wednesday, December 12th, 2018

    Unibank’s automated processing of applications for unsecured loans to the tune of up to 2 million drams sought by microbusiness allows it to make loan decisions in minutes

    IDBank to redeem and repay first issue bonds totaling $5 million

    Wednesday, December 12th, 2018

    IDBank will redeem and repay today the first issue bonds via cashless transfer to individuals and legal entities’ bank accounts, the press office of the bank reported on Wednesday

    Fitch says operating environment trends will remain broadly supportive for banks’ growth

    Tuesday, December 11th, 2018

    Armenia’s stable sector and rating outlooks reflect our expectation that operating environment trends will remain broadly supportive for banks’ growth, performance and asset quality in 2019, Fitch said in a report

    Armenia’s gross external reserves increase by $35 million to $2.117.8 billion

    Monday, December 10th, 2018

    Armenia’s gross external reserves at the end of November 2018 stood at $2.117.8 billion, showing an increase of 1.68% or $35 million from the previous month, the Central Bank of Armenia said today

    Ministry of defense team wins VTBLleague football tournament

    Friday, December 7th, 2018

    The final match and the closing ceremony of the VTB League football tournament, organized by VTB Bank (Armenia) for public servants, took place in the Dynamo gym in Yerevan on December 6

    Money transfers from Armenia to abroad surge by 22 percent to $951 million

    Friday, December 7th, 2018

    Money transfers from Armenia to abroad in the first 10 months of 2018 amounted to $951 million, having surged by 22% from the same period last year, according to numbers, placed on the official website of the Central Bank of Armenia

    Money transfers to Armenia in 2018 October grow by 8.6 percent to $177.1 million

    Thursday, December 6th, 2018

    Private money transfers sent to Armenia for non-commercial purposes in October 2018 grew by 8.6% from the year before to more than $177.1 million, the Central Bank said