Araratbank to start building up its capital in 2016
25.11.2015 13:23
YEREVAN, November 25. /ARKA/. Araratbank OJSC will embark on building up its capital in early 2016, David Harutyunyan, deputy executive director of the bank, told ARKA News Agency.
“Taking into account the fact that Araratbank is an open joint stock company, we can say that the capital replenishment process will last five to six months,” he said. “There are regulatory requirements and we will start the replenishment in 2016.”
In late 2014, the Central Bank of Armenia decided to increase its requirement to minimum capital of commercial banks from AMD 5 billion to AMD 30 billion.
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Armenia’s credit organizations' equity capital grew by 21% in 9 months to 136.8 billion drams
18.11.2015 17:11
The equity capital of 32 credit organizations in Armenia in the 3rd quarter totaled 136.8 billion drams, a 21% rise when compared with the beginning of the year, according to an ARKA news agency’s study
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Armenian banks’ capital on the rise
22.10.2015 11:33
In the first 9 months of 2015 the total capital of Armenian banks increased by 7.2% to 511.3 billion drams, while their assets decreased by 2.1% to 3.318.3 trillion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia.”
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Capital outflows from emerging markets on track to exceed inflows
02.10.2015 16:49
Capital outflows from emerging markets are on track to exceed inflows this year for the first time since 1988 amid concern that a slowdown in China, a currency selloff and higher interest rates in the US will make riskier assets less attractive
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Central Bank raises minimum amount of banks total capital to 30 billion drams from 5 billion drams
12.01.2015 19:06
Armenia’s Central Bank has decided to raise the minimum amount of commercial banks’ total capital to 30 billion drams from the current 5 billion drams from January 1, 2017
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VTB strongly disapproves European authorities decision to limit its access to capital markets
01.08.2014 16:28
VTB, one of the largest Russian banks which were hit by fresh Western sanctions over Russia’s policy on Ukraine, has strongly disapproved the decision of European authorities to limit the Group’s access to capital markets in a statement posted on its official website
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About 68.7 percent of Armenia’s banks’ authorized capital is owned by foreign shareholders
17.06.2014 20:10
About 68.7 percent of Armenian banks’ total authorized capital was owned as of late April this year by foreign shareholders. The figure was down 6.7 percentage points from the previous month, the Central Bank of Armenia said today in a statement
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Total capital of Armenia’s Central Bank amounted to minus 7.3 billion drams in late December 2013
15.04.2014 17:41
As of December 31, 2013 the total capital of Armenia’s Central Bank amounted to minus 7.3 billion drams against minus 20.5 billion drams at the end of December 2012, according to the regulator’s balance sheet
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ACBA-CREDIT AGRICOLE BANK’s capital to be substantially increased – Musca
28.03.2014 12:14
The capital of ACBA-CREDIT AGRICOLE BANK will be substantially increased, deputy general director of French Credit Agricole bank Xavier Musca said Thursday at his meeting with Armenia’ premier Tigran Sargsyan
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Oldest Swiss private bank Wegelin & Co.closes; pleaded guilty in U.S. tax probe
08.01.2013 12:17
Wegelin & Co., the oldest Swiss private bank, said on Thursday it would shut its doors permanently after pleading to a criminal conspiracy charge in the U.S. and admitting that it had helped wealthy Americans for years avoid tens of millions of dollars in taxes, BBC reports
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