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Daily Archives: Nov 24, 2017

ACBA-CREDIT AGRICOLE BANK to help farmers improve their financial literacy

Banks
The Executive Director of the Armenian Agriculture Development Fund Gegham Grigoryan and the Deputy Executive Director of ACBA-CREDIT AGRICOLE BANK Norik Nazaryan signed a Memorandum of Cooperation today

Armenian central bank receives platinum employer status from ACCA again

Banks
The Central Bank of Armenia has received again a high status of platinum employer from the Association of Chartered Certified Accountants (ACCA), the regulator’s press office reports

Zigzag announces launch of iPhone X official presales

Economy
The presales of the new Apple smartphone - iPhone X have officially started today at Zigzag and Zigzag Antena stores following the launch schedule set by Apple, the company’s press office reported on Friday

Coupon bonds by Global Credit UCO CJSC placed at Nasdaq OMX Armenia

Capital market
On November 23, 2017 placement of nominal coupon bonds issued by “GLOBAL CREDIT” UCO CJSC took place at NASDAQ OMX Armenia

Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

Insurance
Six Armenia-based insurance companies collected a total of 13.4 billion drams in the first 9 months of 2017 as premiums for mandatory insurance of vehicles and paid 7.9 billion drams in damage compensation claims

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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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