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Daily Archives: Dec 7, 2009

Outstanding credits of Armenian commercial banks grew by 5.6 billion drams to 9 billion drams

Outstanding credits of Armenian commercial banks grew by 5.6 billion drams to 9 billion drams

HSBC Bank Armenia to close 2009 withy profits

HSBC Bank Armenia Chief Executive Officer Tim Slater said to ARKA that the bank will close the year with profits.

СBA: Money supply to grow 14-16% in Armenia in 2009 against 2.3% in 2008

Money supply is to grow 14-16% in Armenia in 2009 against 2.3% in 2008, and monetary base 10-12% against 5.3%, the Central Bank of Armenia says in its monetary policy program for the fourth quarter of this year.

Ardshininvestbank reduces commission for money transfers via Contact system

One of the largest Armenian commercial banks-Ardshininvestbank- said it has reduced the commission for money transfers via Contact system from 3% to 2%.

Moody’s Investors service international ratings agency leaves Armeconombank’s ratings unchanged

Moody's Investors service international ratings agency leaves Armeconombank’s ratings unchanged.