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  • Archive for June, 2019

    Armenbrok acquires 100% of capital investments shares

    Wednesday, June 19th, 2019

    Armenia’s leading investment company Armenbrok said today it has acquired 100% of shares of Capital Investments company. It said Capital Asset Management

    Armenia’s central bank has acquired $140 million since April 2019

    Wednesday, June 19th, 2019

    Since April 2019, Armenia’s Central Bank has acquired $140 million in the local foreign exchange market, Central Bank head Arthur Javadyan said in the parliament today.
    He said this year the regulator’s intervention was in one direction- not to allow the national currency dram to get stronger too much, which would have negative consequences for exporters

    26-Year-Old resident of Yerevan charged with fraud

    Tuesday, June 18th, 2019

    Circumstances of the fraud with bank loans committed by using computer are already known, and a charge is brought against a 26-year-old resident of Yerevan, the press office of the Investigative Committee of Armenia reports

    Private money transfers to Armenia in April 2019 amounted to $144.3 million

    Monday, June 17th, 2019

    Private money transfers sent to Armenia through the banks in April 2019 amounted to $144.3 million, an increase of $18.9 million, or 15% when compared with April 2018, according to the figures, released by the Central Bank of Armenia

    ACBA Leasing organized and conducted master class on energy efficiency

    Monday, June 17th, 2019

    The ACBA Leasing credit organization organized and conducted a master class designed to help develop energy efficiency. The master class is part of E-FIX project, which in turn is part of a larger European Union’s Horizon 2020 program

    Average interest rate on deposits in drams with maturity period of 12 months is 8.85%

    Monday, June 17th, 2019

    According to a study by ARKA news agency, the highest interest rate on individual time deposits in Armenian drams is 10% per annum, offered by Armbusinessbank. The maturity period of the deposit is 271-365 days

    FDI flows to CIS and Georgia contracted in 2018 by 36 per cent to $27 billion, UNCTAD report says

    Monday, June 17th, 2019

    Global foreign direct investment (FDI) flows slid by 13% in 2018, to US$1.3 trillion from $1.5 trillion the previous year – the third consecutive annual decline, according to UNCTAD’s World Investment Report 2019

    Stepan Gishyan Charitable Foundation provides support to children with disabilities and their parents (VIDEO)

    Thursday, June 13th, 2019

    Thanks to the support provided by ACBA-CREDIT Agricole Bank’s Stepan Gishyan Charitable Foundation, Source Foundation, which supports children with disabilities, has added machinery to the sewing and timber workshop operating under its patronage, the bank’s press office reports

    Consumer lending by Armenian banks grew by 220 billion in 12 months

    Thursday, June 13th, 2019

    At the end of April, 2019, consumer lending by Armenian banks amounted to 776.6 billion drams, having increased by 220.4 billion drams ($ 459 million) or 39.6% from April 2018, Central Bank of Armenia said

    Ability of Armenia’s banking sector to absorb risks is quite strong, central bank official says

    Wednesday, June 12th, 2019

    The ability of Armenia’s banking sector to absorb risks is quite strong, as evidenced by the sector’s regulations, Andranik Grigoryan, the head of a Central Bank department in charge of stability and development of the financial system, told reporters on June 11