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Daily Archives: Jun 1, 2010

ARKA news agency releases fresh issue of bulletin indicators of Armenian insurance companies performance

Insurance
ARKA news agency has released a fresh issue of a quarterly bulletin ‘Indicators of Armenian Insurance Companies Performance’ for the first quarter of 2010.

Liabilities of banking system increased by 4.79%

Banks
Total liabilities of the banking system of Armenia were 1122.3 billion drams as of March 31 compared with the beginning of the year - 51.3 billion drams or 4.79% (increase within one year – 25.03%).

Araratbank ceo predicts lowering interest rates fro loans and deposits in USD

Exchange market
Chief executive officer of Armenian privately-owned Araratbank, Ashot Osipyan, said Monday the interest rate for loans and bank deposits in US Dollars will be lowering.

Armenian Araratbank May Enter Warsaw Stock Exchange in 2011 or 2012

Capital market
Armenian Araratbank may enter Warsaw Stock Exchange in 2011 or 2012, said Ashot Osipyan, chairman of the bank’s board and executive director.

Araratbank Not to Pay 2009 Dividends to Its Shareholders

Banks
The board of Armenian Araratbank has decided not to pay dividends for 2009 to its shareholders.

Armenian Dram Strengthens 2.3 Points against Dollar in May

Banks
Market prices in Armenia went 1% up, and the national currency strengthened 2.3% against the US dollar on the foregn exchange in May.

Armenian Araratbank’s Credit Portfolio May Grow 70% This Year

Banks
YEREVAN, June 1. /ARKA/. Armenian Araratbank’s credit portfolio is planned to be enlarged at least by 70% since the...

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Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

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