YEREVAN, March 10. /ARKA/. Vahe Vardanyan, chief of Armenian Central Bank’s division for regulating financial system policy, speaking Wednesday at an annual assembly of Association of Credit Organizations of Armenia, expressed satisfaction at management at Armenian credit organizations.

He said that proper management enables credit organizations to control financial risks.

As evidence of that, Vardanyan pointed out credit organizations’ profits that totaled AMD 2.6 billion in 2009.

Categories: General news, Loan organizations, News | Comments Off on Central Bank: Armenian credit organizations managed properly

Tags: Armenia, Central Bank, Credit, organizations

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ARKA News Agency published a regular quarterly newsletter “Credit Organizations Armenia” for the fourth quarter of 2009.

Categories: General news, Loan organizations, News | Comments Off on ARKA News Agency publishes newsletter indicators of activities of Armenian Credit Organizations for 4th Q of 2009

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The 2009 list of 1000 largest Armenian companies included 7 credit organizations, which paid a total of 2.1 billion Drams to the budget.

Categories: Economy @en, General news, Loan organizations, News | Comments Off on Seven Armenian credit organizations among 1000 largest taxpayers

Tags: Armenia, Credit, organizations, taxpayers

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The aggregate volume of Armenian credit organizations’ liabilities in Q4, 2009 dropped by 5.4% to 49.6 billion Drams.

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On Thursday, Astrid Clifford, who will succeed Tim Slater, chief executive officer of HSBC, on February 1, expressed hope for continuation of cooperation with all the organizations of Armenia.

Categories: Banks @en, General news, News | Comments Off on New head of HSBC Bank Armenia intends to continue cooperation with country’s all organizations

Tags: Clifford, country, HSBC Bank Armenia, organizations, Slater

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Chairman of an Armenian parliament committee on financial and crediting issues Gagik Minasian said today the authorities are negotiating restructuring of the country’s foreign debt with international lending organizations.

Categories: General news, News | Comments Off on Armenia negotiates restructuring of country’s foreign debt with international lending organizations

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Armenian credit organizations’ aggregate capital grew by 25.8% in Q3 to 25.9 billion Drams, the Central Bank of Armenia said in its brief review of the credit organization’s activities in Q3.

Categories: General news, Loan organizations, News | Comments Off on Armenian credit organizations’ aggregate capital grows by 25.8% in Q3 to 25.9 billion Drams

Tags: Armenia, Credit, organizations

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Six credit organizations were among 1000 biggest Armenian taxpayer companies in January-September, 2009, paying a total of 1.4 billion Drams.

Categories: General news, Loan organizations, News | Comments Off on Six credit organizations among 1000 biggest taxpayers in Jan.-Sep.

Tags: Credit, organizations, taxpayers

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