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

19.06.2019 18:57

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

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

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Gold refining factory to be built in Armenia

19.06.2019 18:55

Gold refining factory  to be built in Armenia

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

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

19.06.2019 18:45

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

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

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Armenian police arrest two counterfeiters

19.06.2019 18:44

Armenian police arrest two counterfeiters

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

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Armenbrok acquires 100% of capital investments shares

19.06.2019 16:29

Armenbrok acquires 100% of capital investments shares

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

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

19.06.2019 16:20

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

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26-Year-Old resident of Yerevan charged with fraud

18.06.2019 16:28

26-Year-Old resident of Yerevan charged with fraud

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

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

17.06.2019 19:04

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

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

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ACBA Leasing organized and conducted master class on energy efficiency

17.06.2019 19:02

ACBA Leasing organized and conducted master class on energy efficiency

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

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

17.06.2019 19:00

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

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

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