Individuals amounted to 1, 252, 870 making up more than 94.8% of the customer base, a 3.2% increase from October.

The number of corporate customers shrank 0.6% to 69, 972 compared to October. There are 21 banks operating in Armenia. (($1- 388.11 drams).-0-

Rosgosstrakh Armenia was said to pay 1.8 billion drams, Ingo Armenia -1.1 billion drams and Reso- 705.6 million drams. They received last year a total of 15,900 compensation applications.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in the country on January 1, in accordance with a government-drafted law passed by the Armenian parliament last year. ($1-388.11 drams). -0-

He told ARKA News Agency that integration degree is very high in the world, and not a single county that has trade ties with European Union can’t avoid impacts of Europe’s current problems.

Minasyan said that every country is trying to lessen possible impacts of the recession by using own instruments – Armenia is trying to diversify its economy to cushion adverse impacts.

He also stressed that it is still not known how severe the upcoming crisis will be. Therefore Armenian economy should be prepared for the worst. -0-

Loans to corporate customers amounted to 62 billion drams (62.9% growth), loans to individuals- to about 12.7 billion drams, showing a growth of 11.7%, the press service reported.

Lending to small and medium businesses as well as to corporate clients was a priority of the bank in 2011, the press release says. In general, the bank provided 3.4 billion drams for lending to small and medium business and 57.8 billion drams to corporate businesses.

Areximbank –Gazprombank Group ( former Arerximbank) was established in August 1998 to support entrepreneurship and manage financial flows between Russia and Armenia. Areximbank – Gazprombank Group CJSC is the principal member of VISA and MasterCard international payment systems. -0-

The loans to residents in drams  made 38.1% or  483.7 billion drams, rising by 2.4% from November.The volume of loans to non-residents in drams dropped by 0.3% from November to  11.4 billion drams and loans in foreign currency decreased by 11.8% to 33 billion Drams. ($1 - 388.26 drams). -0-

“We consider that representation of Rosselkhozbank can be opened in Armenia. At present, it has a good credit portfolio – 1.5 trillion rubles”, he said in the press-conference on Tuesday.

Zubkov said that today Rosselkhozbank is the third bank in Russia after the Savingsbank and VTB. –0–

Volume of transfers in 2011 from Armenia to other countries was $264.6 million vs. over $221.8 million in 2010 (growth by 19.3%). Net flow of money transfers in the reporting period was about $1 282.4 million vs. $1 072 million in 2010 (growth by 19.6%).

The flow of private transfers only in December 2011 was $166.4 million.

The largest flow of transfers in 2011 and 2010 was registered from Russia. ($1153.8 million). —0–

In January 2012 compared to January 2011 increase of consumer prices by 4.8% was accompanied by the increase of settlement rate by 6.2%.

In January, average settlement rate was 387.53 drams per $1. ($1 – 388.26 drams). -0-

According to the press-release, the number of money transfers through “Anelik” in 2011 (about 2 million) increased by 50% compared to 2010. Significant growth of transfers in Russian rubles was registered (by 37%).

“Nine banks in Armenia use the system of money transfer “Anelik” which operates in 63 thousand service offices in more than 90 countries worldwide, which evidences about high reputation of the system not only in Armenia, but also abroad”, said the Head of Department of Operations and Correspondent Relations in Financial Markets of the Bank Arman Shushyan.

He said that in 2012 new offers and opportunities are expected in the system “Anelik” which will allow the clients to quickly and by low tariffs use the services of the system.

Bank Anelik cjsc was established on July 9, 1990. It was registered on October 1, 1991 and in October 1996 it got general license of CBA N9. Shareholders of the bank are CreditBank S.A.L. with the share of 69.5%, Samvel Chzmachyan – 12.25%, Armen Ghazaryan – 6% and Galina Voronina – 12.25%. -0–

Currency trading in the reporting period was implemented by weighted average rate of 387.06 drams per $1, and transactions in euro and ruble was not implemented in the stock exchange.

Open JSC NASDAQ OMX Armenia (operating as Open JSC “Armenian stock market” till January 27, 2009) was established in 2001 as a self-regulatory organization on the basis of volunteer unification of 21 dealer companies. At the beginning of November 2007 the stock exchange was re-organized into open joint stock company. Since November 7, 2008 the company ОМХ (currently NASDAQ OMX) is 100% shareholder of shares in NASDAQ OMX Armenia stock market. On June 5, 2009 the stock exchange became a 100% shareholder of shares of Central Depository of Armenia.

License for organization of auctions on purchase-sale of currency was provided to NASDAQ OMX Armenia stock exchange by CBA on November 7, 2005. Auctions in the currency platform started officially on November 15, 2005. –0–