Armenian banks’ total net profit slashes by 75 percent in first quarter

All news related to Percent

20.04.2015 21:10

YEREVAN, April 20. / ARKA /. Armenian banks’ combined net profit in the first quarter of 2015 has slashed by 75% to about 2.5 billion drams from over 9 billions in the first quarter of 2014, according to ARKA news agency’s first quarter Financial and Economic Bulletin (performance of Armenian banks).

According to the bulletin, seven of 21 commercial banks closed the first quarter with a total loss of 6.3 billion drams. In the first quarter of 2014 five banks reported a total loss of 2.2 billion drams.

The banks also reported a 3.4% drop in their total assets from the beginning of the year to 3.273 trillion drams. Their liabilities fell by 4.4% to about 2.8 trillion drams, credit investments dropped by 3.5% to a little over 2 trillion drams and obligations to customs decreased by 4.4% to over 1.6 trillion drams.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ total net profit slashes by 75 percent in first quarter

Tags: Armenia, bank @en, Percent

Private money transfers to Armenia in two months drop by 40.4 percent

18.04.2015 15:30

About $122.3 million were remitted to Armenian as private money transfers through the banks in the first two months of 2015, by 40.4% less from the first two months of 2014, the Central Bank said in its bulletin for February

Categories: Exchange market, General news, News, News of the hour | Comments Off on Private money transfers to Armenia in two months drop by 40.4 percent

Tags: Armenia, Percent, TRANSFER

China’s currency will account for 10 percent of world reserves by 2025- survey

13.04.2015 20:40

China’s currency will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March, vestifinance.ru reported

Categories: Exchange market, General news, News, News of the hour | Comments Off on China’s currency will account for 10 percent of world reserves by 2025- survey

Tags: China, Percent, world reserve

Armenia’s external public debt drops by 2.9 percent in 2014 to $3,785.2 billion

04.03.2015 15:52

Armenia’s gross external public debt dropped by 2.9 percent in 2014 from the beginning of the year to $3,785.2 million, according to the the National Statistical Service

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia’s external public debt drops by 2.9 percent in 2014 to $3,785.2 billion

Tags: Armenia, DOLLAR, Percent

Private remittances to Armenia fall by 34.8 percent in Jan 2015

04.03.2015 15:49

Private remittances from Russia and other countries to Armenia amounted to about $54.2 million in January 2015, a reduction of 34.8% compared to January 2014, according to the latest statistical data posted by the Central Bank

Categories: Economy @en, General news, News | Comments Off on Private remittances to Armenia fall by 34.8 percent in Jan 2015

Tags: Armenia, Central Bank, Percent

Ukrainian currency drops to all-time low

26.02.2015 19:49

Ukraine’s national currency, the hryvnia, weakened to a record as trading, Vestifinance reported

Categories: Exchange market, General news, News, News of the hour | Comments Off on Ukrainian currency drops to all-time low

Tags: CURRENCY, Percent, Ukraine

Bank of England keeps interest rate unchanged at 0.5 percent

05.02.2015 21:06

The Bank of England has kept its interest rates at 0.5% for the 71st month in a row, RIA Novosti reported citing a pres release of the regulator

Categories: Banks @en, General news, News, News of the hour | Comments Off on Bank of England keeps interest rate unchanged at 0.5 percent

Tags: Bank of England, Percent, RATE

Resident foreign currency deposits at Armenian banks grow by 6.7 percent in 2014 December to 876.7 billion drams, central bank

02.02.2015 18:39

Resident foreign currency deposits (RFCD) kept at Armenia-based commercial banks grew by 6.7 percent in 2014 December from the previous month to the equivalent of 876.7 billion drams, the Central Bank said in a statement posted on its official website

Categories: Banks @en, General news, News | Comments Off on Resident foreign currency deposits at Armenian banks grow by 6.7 percent in 2014 December to 876.7 billion drams, central bank

Tags: Armenia, DRAM, Percent

Armenia’s total pubic debt decreased by 3.5 percent in 2014 to $4.441.5 billion

30.01.2015 19:21

Armenia’s total public debt decreased by 3.5 percent in 2014 from the previous year to $4.441.5 billion, the National Statistical Service (NSS) said today

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia’s total pubic debt decreased by 3.5 percent in 2014 to $4.441.5 billion

Tags: Armenia, NSS, Percent

U.S. Federal reserve leaves interest rate at 0-0.25 percent

29.01.2015 14:24

The U.S. Federal Open Market Committee, at its latest session, left the U.S. federal funds rate at the zero to 0.25 percent target – the record low, and this decision has been predicted by analysts, 1prime.ru reports referring to the information released by the regulator

Categories: Banks @en, General news, News, News of the hour | Comments Off on U.S. Federal reserve leaves interest rate at 0-0.25 percent

Tags: Percent, RATE, U.S. Federal