Moody’s downgrades 17 German banks
26.07.2012 12:26
YEREVAN, July 26. /ARKA/. Moody's on Wednesday downgraded the outlook for 17 German banks after a similar move against the government's credit rating earlier this week, Thelocal.de reports referring to the agency.
Moody's cut the outlook on a swathe of state-backed regional banks, known in Germany as landesbank, but also included IKB Deutsche Industriebank and Deutsche Postbank.
Many of the landesbanks have struggled since the 2008 financial crisis and amid Europe's ongoing economic crisis, which has seen growth slow.
Moody's noted that several of the banks held debt that was guaranteed by the German central or regional governments.
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Germany inflation slows to 1.7 percent in June
27.06.2012 20:48
Inflation in Germany, Europe’s biggest economy, slowed to 1.7 percent in June, the lowest level for 18 months, owing to falling fuel prices, RIA Novosti reported citing preliminary data on Wednesday
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Central bank chairman to attend german -armenian fund supervisory board meeting
15.03.2012 13:16
The chairman of the Central Bank of Armenia, Arthur Javadyan, has left for Frankfurt
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Germany to provide Armenia with EUROs 105. 5 million AID
16.03.2010 19:18
Armenian finance minister Tigran Davtian and Germany’s ambassador to Armenia, Hans-Johan Schmidt signed today in Yerevan an agreement on financial cooperation between the two countries for 2009-2010.
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Armenia and Germany to sign financial cooperation agreement today
16.03.2010 14:52
Armenian finance minister Tigran Davtian and Germany’s ambassador to Armenia, Hans-Johan Schmidt will sign today in Yerevan an agreement on financial cooperation between the two countries for 2009-2010.
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