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  • Archive for August, 2019

    Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

    Friday, August 23rd, 2019

    The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today

    Armenian central bank issues commemorative coin dedicated to 125th birthday of Admiral Isakov

    Friday, August 23rd, 2019

    The Central Bank of Armenia has issued a commemorative coin dedicated to the 125th birthday of Admiral Isakov. the press office of the regulator reported on Friday. As many as 500 silver coins of 1,000 drams were issued

    Government to subsidize mortgage loans for 500 Armenian military personnel annually

    Thursday, August 22nd, 2019

    The government of Armenia approved today a draft decision to introduce a scheme for subsidizing mortgage loans of 500 servicemen annually

    Three Armenians charged with stealing money from bank cards

    Wednesday, August 21st, 2019

    Three Armenian citizens have been charged with using computer equipment to steal money from credit cards of 23 individuals, the press service of the Investigative Committee reported

    Partnership between IMF and Armenia is effective and stable

    Wednesday, August 21st, 2019

    Arthur Javadyan, the head of the Central Bank of Armenia, received Tuesday a delegation headed by International Monetary Fund Regional Director for Middle East and Central Asia Jihad Azour, the press office of the central bank reports

    ACBA Leasing and GEFF program in Armenia cooperating for pure energy (VIDEO)

    Wednesday, August 21st, 2019

    ACBA Leasing and the Green Economy Financing Facilities (GEFF) Program of the European Bank for Reconstruction and Development are conducting a joint business event

    EEC to prepare draft agreement on mutual recognition of bank guarantees

    Tuesday, August 20th, 2019

    The Eurasian Economic Commission (EEC), the executive body of the Russia-led Eurasian Economic Union (EEU) will have prepared a draft agreement on the mutual recognition of bank guarantees for public procurement before July 1, 2020, the Eurasian Development Bank (EDB) reported

    Inflation in eurozone slowed to 1% in July

    Monday, August 19th, 2019

    Inflation in the eurozone slowed to 1% in July, according to official data from the EU statistics agency, down from the European Central Bank’s target of just below 2%, Finmarket reported

    Armenian prime minister says mortgage loans break record

    Friday, August 16th, 2019

    In a Facebook post today Armenian Prime Minister Nikol Pashinyan spoke about the latest data on real estate deals, saying that when compared with July 2018, the number of real estate transactions in 2019 July increased by 17.1%, and when compared with June 2019- by 10.3%

    VTB acquires 19% stake in Qatari Cqur bank

    Thursday, August 15th, 2019

    Russia’s second biggest bank VTB has acquired a 19% stake in Qatari CQUR Bank, RBC news agency reported on Thursday, citing VTB’s quarterly financial report