YEREVAN, October 1, /ARKA/. The Central Bank of Armenia has put today into circulation a silver collector coin “30th Anniversary of Commonwealth of Independent States.”

The Commonwealth of Independent States (CIS) is an intergovernmental union founded on December 8th of 1991 under an Agreement on the establishment of the CIS by the leaders of Belarus, Russia and Ukraine. In view of the shared history of the peoples and friendship they enjoyed, taking into account the intention of the countries to develop their relations on the basis of mutual recognition and respect for state sovereignty, the parties had agreed upon the formation of the CIS.

Categories: Banks @en @en, General news, News, News of the hour | Comments Off on Armenian Central Bank issues collector coin on 30th anniversary of Commonwealth of Independent States

Tags: anniversary, CB, Central Bank, CIS, collector coin

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The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region – Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable

Categories: Banks @en @en, General news, News, News of the hour | Comments Off on Fitch ratings: Russian and CIS banks pressured by coronavirus and oil price slump

Tags: Banks, CIS, coronavirus, Fitch, oil price, Ratings, Russia

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Global foreign direct investment (FDI) flows slid by 13% in 2018, to US$1.3 trillion from $1.5 trillion the previous year – the third consecutive annual decline, according to UNCTAD’s World Investment Report 2019

Categories: Economy @en, General news, News, News of the hour | Comments Off on FDI flows to CIS and Georgia contracted in 2018 by 36 per cent to $27 billion, UNCTAD report says

Tags: CIS, FDI

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Fitch Ratings says key risks have materialized in different CIS banking markets and, in some cases, remain sources of vulnerability

Categories: Banks @en @en, General news, News, News of the hour | Comments Off on Fitch Ratings: CIS banking risks remain despite authorities' actions

Tags: banking risks, CIS, Fitch, Ratings

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Banks in the Commonwealth of Independent States generally have weaker corporate governance than peers in other regions and this is harming their credit profiles

Categories: Banks @en @en, General news, News, News of the hour | Comments Off on CIS banks’ credit profiles hurt by weak corporate governance, while in Armenia this is less noticeable – Moody’s

Tags: Armenia, Banks, CIS, credit profiles, Moody's

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Unibank Privé was named the Best Private Banking and Wealth Management private bank in CIS by SPEAR’S Russia Wealth Management Awards 2018

Categories: Banks @en @en, General news, News, News of the hour, Новости | Comments Off on Unibank Privé named best private banking and wealth management private bank in CIS

Tags: CIS, private bank, Unibank Privé, Wealth Management Awards

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The outlook for non-financial companies in the Commonwealth of Independent States (CIS) for 2019 is stable, Moody’s Investors Service said in its annual outlook on the region

Categories: Economy @en, General news, News, News of the hour, Новости | Comments Off on Moody’s: CIS companies' 2019 outlook is stable on continuing GDP growth and supportive oil prices

Tags: CIS, GDP, Moody's

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Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates

Categories: Banks @en @en, General news, News, News of the hour, Новости | Comments Off on Moody’s: loan concentration remain high at CIS banks, a negative for lenders

Tags: Banks, CIS, LOAN, Moody's

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A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB’s subsidiaries

Categories: Banks @en @en, General news, News, News of the hour, Новости | Comments Off on New money transfer service is available to holders of VTB Bank (Armenia) cards

Tags: CARDS, CIS, Georgia, money transfer, MultiCard, VTB Bank (Armenia)

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Recent data indicate that, despite the economic contraction observed in the Eurasian Economic Union (EEU) member countries in 2016, their mutual investments have already started growing

Categories: Economy @en, General news, News, News of the hour, Новости | Comments Off on Mutual investments in Eurasian Economic Union on the rise

Tags: Armenia, CIS, EEU, FDI, INVESTMENTS

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