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Armenian credit organizations increase lending by 51.2 billion drams

16.11.2018 18:47

Armenian credit organizations increase lending by 51.2 billion drams

Loans issued by credit organizations in Armenia amounted to 406.4 billion drams at the end of September, having increased by 51.2 billion drams or 14.4% from the beginning of the year

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VTB Bank (Armenia) and SIL Insurance launch joint mortgage lending program

16.11.2018 16:14

VTB Bank (Armenia) and SIL Insurance launch joint mortgage lending program

As part of cooperation with SIL Insurance company VTB Bank (Armenia) said today it will be providing mortgage loans with low down payment for young people involved in the government-backed Housing for Young Families program

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Financial regulators of Armenia and other Eurasian Economic Union countries to ensure cyber security by joint efforts

16.11.2018 16:13

Financial regulators of Armenia and other Eurasian Economic Union countries to ensure cyber security by joint efforts

The financial regulators of Armenia and other Eurasian Economic Union member countries have decided to struggle against cyber threats by joint efforts, TASS reports referring to the press office of the Bank of Russia

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ADB loan to further enhance financial markets, public efficiency in Armenia

16.11.2018 12:12

ADB loan to further enhance financial markets, public efficiency in Armenia

The Asian Development Bank (ADB) said today it has approved a $50 million policy-based loan as part of an ongoing program of financial reforms to strengthen public debt and fiscal risk management and develop financial markets in Armenia

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Converse Bank announces 25 percent cashback for students

15.11.2018 17:57

Converse Bank announces 25 percent cashback for students

On the eve of the International Students Day, Converse Bank said it is launching another loyalty campaign – the Bank’s student cardholders can benefit from the opportunities offered by the announced CashBack campaign

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Armenia’s top ten most profitable credit organizations in first 9 months of 2018

15.11.2018 16:45

Armenia’s top ten most profitable credit organizations in first 9 months of 2018

Out of 35 credit organizations operating in Armenia, 33 were profitable in the third quarter of 2018 earning a total of 38.58 billion drams, according to ARKA news agency’s ranking. The other 2 companies reported losses to the tune of 35.2 million drams

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Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

15.11.2018 14:21

Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

The Central Bank of Armenia reported Wednesday that it has no connection with the expo ‘Banks, Loans, Investments and Economy’, despite the event organizers has used the logo of the regulator

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Armenia’s external reserves down $66.5 million in one month

14.11.2018 14:43

Armenia’s external reserves down $66.5 million in one month

At the end of October 2018, Armenia’s international gross reserves stood at $2.082.9 billion, 3% or $66.5 million less than in the previous month, the Central Bank said

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Armenian central bank supports blockchain technology but cautious about cryptocurrencies

14.11.2018 14:42

Armenian central bank supports blockchain technology but cautious about cryptocurrencies

Armenia’s Central Bank supports the use of blockchain technologies, but is cautious when it comes to the issue of cryptocurrency, the head of the Central Bank Artur Javadyan said on Tuesday in parliament

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Armenian central bank leaves refinancing rate unchanged at 6 percent

13.11.2018 18:58

Armenian central bank leaves refinancing rate unchanged at 6 percent

Armenia’s Central Bank has decided today to leave the refinancing rate unchanged at 6%, saying also the inflation in January 2018 was recorded a 2.7%, almost as much as in 2017 January

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