YEREVAN, December 9. /ARKA/. There is no outflow of funds from Armenian banks, and the total  bank deposits have grown over 3.5 trillion drams, despite a difficult year and certain fluctuations, Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Wednesday during a video conference organized by the Club of Economic Journalists.

“In the first three months of 2020, individual bank deposits increased, however, in April, due to the coronavirus pandemic, they sharply decreased and there was a small outflow, but in May and June the overall amount of deposits grew again,” Sargsyan said.

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Thanks to Stepan Gishyan Foundation, run by ACBA-CREDIT AGRICOLE BANK, human skin for transplantation surgeries will be grown in Armenia, the bank’s press service reported today

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Tags: ACBA-Credit Agricole bank, equipment, FUNDS, Stepan Gishyan foundation, transplantation

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Armenian ACBA -CREDIT AGRICOLE BANK and Amundi company have turned to the Central Bank of Armenia to obtain a license for establishment of a company to manage compulsory pension funds

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Private accumulative pension funds will start to operate from January 1, 2011 in Armenia, said Tigran Sargsyan, Armenian Prime Minister during the board meeting of fund of trustees of national competitiveness.

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Tags: Armenia, FUNDS, PENSION

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