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  • Archive for June, 2019

    Armenia’s central bank has reserved $185 million since the beginning of the year

    Friday, June 28th, 2019

    Armenia’s Central Bank has reserved $185 million since the beginning of the year, Prime Minister Nikol Pashinyan said on Thursday before the beginning of a Cabinet session

    ACBA-CREDIT AGRICOLE BANK awards 1000th participant of its trainings for SMEs

    Tuesday, June 25th, 2019

    The ACBA-CREDIT AGRICOLE BANK has awarded today the 1000th participant of trainings it has been organizing for SME representatives

    Unibank revises upward interest rates on its flexible time deposit

    Tuesday, June 25th, 2019

    Unibank said today it has revised upward the interest rates on its Flexible time deposit, making them even more profitable for depositors. According to a bank’s press release, in case of placing a deposit in Armenian drams the interest rate is 9%

    ACBA-CREDIT AGRICOLE BANK launching campaign for holders of American Express Gold cards

    Monday, June 24th, 2019

    ACBA-CREDIT AGRICOLE BANK, exclusive issuer of American Express cards in Armenia, is launching the campaign “Open Whole Potential for You” also for holders of American Express Gold cards, the bank’s press office reports

    Man who has taken loan by submitting forged papers to face trial

    Monday, June 24th, 2019

    Armenia’s Investigative Committee reported Monday about completion of the criminal case over a 52-year-old man, who had taken a loan by submitting false papers of a contract serviceman

    BSTDB raises USD 400 million with a new bond issue

    Friday, June 21st, 2019

    The Black Sea Trade & Development Bank (BSTDB) has raised USD 400 million with a new bond issued under its EUR 1 billion Medium-Term Note Programme

    Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

    Wednesday, June 19th, 2019

    Armenia-based commercial banks, credit organizations and pawnshops are now obliged to indicate a real interest rate on loans worth up to 15 million drams in the loan agreements

    Gold refining factory to be built in Armenia

    Wednesday, June 19th, 2019

    A gold refining factory is to be built in Armenia, which is supposed to help the Central Bank to partially restore its gold reserves, the chairman of the Central Bank Artur Javadyan said today in the parliament

    Armenian parliament raises upper limit of consumer loan to 15 million drams

    Wednesday, June 19th, 2019

    Armenia’s National Assembly has approved today in the second and final reading a draft law on consumer lending, proposed by the Bright Armenia party

    Armenian police arrest two counterfeiters

    Wednesday, June 19th, 2019

    Armenian police provided details of the detention of two men suspected of selling counterfeit, home-printed banknotes